Grokster: The Day Entrepreneurship Died

says Jason Calacanis:

People have been debating the fallout from the Grokster case in terms of Hollywood and the music industry, but what is at stake is much, much bigger.

Yeah, I know it sounds crazy, but what is the point of building a technology business in the United States if you’re going to get sued for the *potential* illegal use of your product? Why would an entrepreneur or their investors take this risk?

Check out the rest.

Hat tip: Bag and Baggage.

Update: Lawrence Lessig predicts Ten Years of Chilled Innovation while we wait for litigation to clarify the new standard.