[padobson]

I love this because it is effectively disrupting wall street from a legal perspective. You don't need giant public markets anymore when you have the internet, and entrepreneurs that know how to build applications that generate money from lots of people should also be able to raise money from similar people.

Although, if we as a an industry are going to focus on something legislatively, I think we should start thinking about going on the offensive in the copyright war. The MPAA and the RIAA are going to regroup and then try to push a similar piece of legislation through. If we go on the offensive now and attempt to pass legislation that will protect user-uploaded content sites and apps like MegaUpload, Dropbox, Box.net, and others, then the web will be a much better place for eveyone building apps like these in the future.