Power of passed links

Great talk by Fred Wilson at Jeff Pulver's 140 Conference on the power of social networks in directing traffic. He shares his thoughts on the way social media sites can/will monetize their traffic. Fred draws a comparison of the way Google created a great franchise by recognizing, then monetizing the value of site links, with companies, such as Twitter, doing the same for links shared via 'social' interactions.

http://www.avc.com/a_vc/2009/06/my-140conference-talk.html