holden karau writes "Economist Larry Smith recently presented a radical new take on software startups in an increasingly globalized economy. A video recording from the conference can be found here. He talks about how to leverage the power of open source, combined with domain specific knowledge to create software of actual value to users. He spends most of his talk looking how to make successful startup using specific examples, but he ends with some cautionary tails of how things can go wrong. A must-watch for anyone serious about hoping to create successful startups using open source software."