>Gowalla will bring great engineers and with them a whole bunch of other innovative people to f-book ... "greatest fears" as voiced by their COO last week in NY at the BI Ignition conference (lack of innovation, lack of people

i worked at a big [ultimately failed] SV company and for many its final years the "innovation" was the top word of the CEO and other executives. When company executives start talking innovation it pretty much means that company got enough entrenched products, market position and internal balance of power that any significant internal innovation is killed immediately [by the same executives] to avoid any risk to the above mentioned products, existing revenue streams and internal power, etc... Once internal innovation is squashed and has vanished as a result, the executives start to whine that there is a "lack of innovation, lack of people"