CEO & Founder, Richard Price, Appears on “In The Studio”

by Semil Shah, TechCrunch
Full story can be found at TechCrunch

An excerpt from “In The Studio” blogpost:

Additionally, while this conversation was originally taped on December 13, 2012, it is quite relevant today given the news around the prosecution of Aaron Swartz. A few days ago, I invited Price to comment on his views about Swartz’s attempt to free academic papers from JSTOR using MIT’s network. Price responded:

Aaron was totally right that there is an injustice about taxpayer-funded research being behind paywalls. There is a tragedy of the commons in science. Individual researchers hand over the copyright of their intellectual property to journals for free, in their desire to collect reputation metrics (i.e. the journal title on their resume). This dynamic enables the journal industry to acquire the intellectual property for the entire world’s scientific output for free, and charge the scientific community and the general public $8 billion a year to get access to it. To get out of this mess, we need to build new reputation metrics, ones that don’t incentivize scientists to put their work behind paywalls. Ironically scientists would vastly prefer to have their work open access. It is just that the system of reputation metrics that has emerged in science doesn’t allow them to do it. Building a new system of reputation metrics is one of the most important things that is doing.”

Jan 24, 2013
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