A group of investors argued heatedly about the value of open versus closed technology on a panel today at Google’s (GOOG) I/O conference in San Francisco. Dave McClure, who oversees the seed investing program at Founders Fund, kicked things off with a provocative statement: “Open is for losers.”
McClure was answering a question from moderator Dick Costolo of Twitter, who noted that one of the big values celebrated in the tech community is openness, yet one of the hottest platforms, the iPhone, is completely controlled by Apple (AAPL).
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