One of the most beautiful things about the internet is that it enables platforms for individuals to create value and then receive no share of that value.<p>We see much lamenting about lack of innovation in "business plans" around here, and yet we have an historic opportunity to examine the relationship between value creation and compensation. Why is the Etsy IPO plan so exceptional? Why do so menu community members of instagram, reddit, etc end-up feeling betrayed by the services they helped create?