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It is important in any population to have an ecosystem around start-up ideas to leverage the most out of them such an ecosystem needs developing and most of this is about giving entrepreneurs confidence.
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An entrepreneur is someone who dares to dream the dreams and is foolish enough to try to make those dreams come true.
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We humans think linearly but tech trends are exponential.
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Maybe some percentage that’s substantially larger than 95 percent of VCs add zero value. I would bet that 70-80 percent add negative value to a startup in their advising.
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The world is hung up on food-based biofuels. Not only are they the wrong thing, they're the uneconomic thing.
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Doctors can be replaced by software – 80% of them can. I’d much rather have a good machine learning system diagnose my disease than the median or average doctor.
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The right way to build a company is to experiment in lots of small ways, so that you have plenty of room to make mistakes and change strategies.
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If I collected all the diamonds in the world, I'd have no 'income' but I'd have a lot of 'assets'. Would my company be worth nothing because I have no income? A lot of Net companies are collecting assets. They have to be measured with a new set of metrics.
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Electric cars are coal-powered cars. Their carbon emissions can be worse than gasoline-powered cars.
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No one will pay you to solve a non-problem.
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I don’t mind the low probability of success, but it better be impactful if we do succeed.
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For electric power generation, we are very optimistic about solar-thermal technology, and we’re intrigued by the potential of enhanced geothermal energy to replace coal-based power generation. Traditional carbon capture and sequestration-based coal power generation is somewhat unlikely to be competitive.
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Now it will take a long time to scale biofuels, but I'm the only one in the world forecasting oil dropping in price to $35 a barrel by 2030. I'll put it on the record: Oil will not be able to compete with cellulosic biofuels. If you do it from food, the food will get so expensive you can't make fuel out of it.
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Communication always changes society, and society was always organized around communication channels. Two hundred years ago it was mostly rivers. It was sea-lanes and mountain passes. The Internet is another form of communication and commerce. And society organizes around the channels.
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The U.S. has fallen well behind Europe in recognizing climate change and the implications of climate change.
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Religion asks you to believe things without questioning, and technology and science always encourage you to ask hard questions and why it is important in science and technology. So I was always interested in science and technology.
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By 2025, 80 percent of the functions doctors do will be done much better and much more cheaply by machines and machine learned algorithms.
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Your cellphone has 10 sensors, and your car has 400. But your body has none - that's going to change.
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If I wanted to be a doctor today I'd go to math school not med school.
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Certain food-based biofuels like biodiesel have always been a bad idea. Others like corn ethanol have served a useful purpose and essentially are obsoleting themselves.
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I'm a fiscal hawk. I vote against all taxes, but I do believe the environment, and climate change, is a bigger issue than fiscal deficits are as a risk to the nation.
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I generally disagree with most of the very high margin opportunities. Why? Because it's a business strategy tradeoff: the lower the margin you take, the faster you grow.
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Is it 10 years, 20, 50 before we reach that tipping point where climate change becomes irreversible? Nobody can know. There's clearly a probability distribution. We need to ensure this planet, and we need to do it quickly.
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The willingness to fail gives us the freedom to succeed.