See Mark Zuckerberg and Paul Graham speaking at facebook
justin.tv
justin.tv
Zuckerberg: Facebook disrupted a bunch of industries with social-graph-enabled mini-takes on stuff (Photos, Events), launched platform to allow other startups to similarly make social-graph-enabled stuff (Zynga), and now the next step is to directly promote Facebook-dependent startups with this new partnership.
PG: Why startups are the ones getting things done:
1. Sheer quantity of startups
2. Startups have nothing to lose
3. Startups are desperate for attention
4. Startups are poor => do things themselves
5. ?
6. Large companies require justification before trying something
7. ?
8. Startups are a self-selecting group of people
9. Motives (from least successful to most successful): greed, fear of failure, urge to "hack the world".
Then Q&A.
I left out what I couldn't understand from the recording the first time, so someone please go ahead and fill in the gaps.
http://developers.facebook.com/blog/post/405
(hat-tip: andrewacove)