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2 years ago on Why Silicon Valley innovation has stalled
@sixside great quote!
The lack of true and meaningful innovation is not related to lack of education or institutionally conditioned innovators as this article suggests. It's odd that no specific examples were sited in the article. Perhaps that's because the Steve Jobs and Mark Zuckerberg's of the world are college dropouts or by all accounts unemployable nonconformists. Good luck finding the next Steve Jobs toiling away at the edge of the envelope and writing research grands for funding at your local college. Good luck finding the next Mark Zuckerberg dealing with the social politics, which are the hallmark of the institutions you sited. No, the institutions you sited are populated by individuals that conform, and conforming has no place in entrepreneurial DNA. The people described in the article are the first people a wise nonconformist entrepreneur will hire, but they are not the innovator. The earth shaking innovation, so sadly missing, is caused by the incestuous nature of the way Angel and VC investors find innovation. Any VC or Angel investor will proudly announce that the way they find 99% of the deals they fund result from personal referrals. What's so wrong with that? Well, people tend to associate with people that are like themselves. This results in a lack of intellectual, creative diversity and nonconformity, which is the secret sauce that leads to transformational innovation. In nature when there is a lack of genetic diversity the organisms and the ecosystems they reside in, begin to fail. Can the VC's and Angel investors in Silicon Valley really expect to find the next Facebook by limiting the pool of potential investments to their bros from the computer club, or their engineer buddy from their last aqui-hired venture? The low hanging fruit has been picked, therefore the Silicon Valley investment community will need to look outside of the metaphorical tree in their yard to pick the next Facebook. Perhaps the tech media is guilty of a similar myopic view. I suggest PandoDaily highlight this problem and facilitate a change.
In order to succeed each of the areas you mention require an understanding of the average consumers (formerly known as human beings) digital emotional needs and constitution. Satisfying the consumer's emotional digital needs will cause people to return to an ecosystem, use a device or know when to friend (or de-friend), and maybe even feel truly connected to one another again. Should we really be surprised that most of the enterprises you referenced displays the emotional depth of a socially awkward adolescent boy, that gravitated to his computer solely to escape emotion? A generation of emotionally immature engineer/programmers/VCs has been assigned the task of creating digital worlds for the rest of us. Yes, I said it, while they were coding all night, we were living, loving, feeling and emotionally maturing. I'll give them their credit, they've done a great job building out the infrastructure, and it works great, but now it's time to step aside. Going forward this is like letting the computer club plan the prom or the head of IT plan the company Christmas party. You just wouldn't do it, because it wouldn't work out for anybody involved. Perhaps that's where we are at in 2013, and maybe that is why we are all left a little empty after our daily trip to these alien worlds or ecosystems. In 2013, each of the companies you referenced, will be forced to address the force of digital emotion or perish. Oh and PandoDaily will be writing the story of this next wave.
2 years, 1 month ago on The big picture: What I see for 2013 and beyond
@Silverpod Thank you! As a patent holder I could not have written it any better!
2 years, 5 months ago on ComScore’s Lawsuit Against Three Startups Is Pretty Deplorable
Only Paul could link Elon Musk and Santa.
2 years, 6 months ago on Why Isn’t This News? Nobody Expects The “Persian Jews”! Edition
Very flashdance this episode.
Paul is just crazy funny!
@paulcarr Well played, well played.
2 years, 6 months ago on Smart People Can Denounce Bravo’s “Silicon Valley” All They Want, the Wantrapreneur Douchebags Will Still Love It
@RichardDonaldJones This is who Sarah Lacy is, and who she is informs her views, which is commonly called full disclosure. It's the kind of full disclosure readers would be critical of her for withholding, if she didn't provide it! In that alternate reality your post would read something like this:
"Sarah Lacy writes about the difficulties of being a new mother and starting a business and Business Insider reported today that she has a nanny!" "She can never write about the difficulties to a startup again." Take a long hard look at why the points you listed bother you and turn the answers into an enlightened view or a slightly less insecure post. Also, I highly recommend making people, it's very inspiring. Shout out to my daughter Sofia (profile pic) and the reason I invent.
Part of the true art of being an entrepreneur is being the candle that lights the dark room of pretenders. Perhaps everyone should stop using the word "entrepreneur" so loosely? Perhaps it's lost it's meaning? When I started my first venture, it meant you created a business that made money, rather than just raised it. This is the difference between throwing a baseball and pitching professionally. Perhaps the better title is "inventor?" A word that evokes individuals of tangible accomplishment, like Thomas Edison and Elon Musk. Inventors that built profitable businesses and created verifiable intellectual property. In a culture where every child gets a trophy, so no one feels bad, it's not surprising that the ribbon of entrepreneur is gleefully pinned to the shirt of every person skillful enough to complete the purchase of a $7.99 (after cleverly obtained promo code) GoDaddy domain name. Why wouldn't there be a show about them, the camera and press loves them, right? In turn we love them, right? Just don't ask to see the balance sheet. How do you read a balance sheet anyway? Balance sheet? Sounds too much like science, my head hurts, what's on Bravo?
Great writing with countless well made points!
2 years, 6 months ago on Don’t Root for Aereo, the World’s Most Ridiculous Start-up
WNWITN (Why No Why Isn't This News?)
2 years, 7 months ago on [WITN?] Don’t Let Her Eat Cake: Sarah’s Disclosure Gets Her Banned From David Sacks’ Epic Birthday Party
It takes a lifetime to define the word "friend".
It seems that each time Paul's venture NSFW is discussed, Sarah is bursting with so much simmering advice and input, that she is just waiting to be consulted - her face is screaming "Assssskkkkkk me!". Why is Paul not accessing this clear well-spring of start-up experience?
2 years, 7 months ago on Why Isn’t This News? Kittens, Lady Gaga, and Apple Every Five Minutes
All three of us (Anthony, Paul and Priley) were very touched by Sarah's shout out and corresponding finger point, which I believe is a new standard in shout-outs for the show. This almost made up for dropping my iPad this week and shattering the screen (had to wait for screen repair and depression to lift)........which caused me not to see this until today. I (we) love you guys!
Regarding: Venture Capital Gender Bias
I believe it's a bias against emotion rather than gender. Women just happen to have the reputation for being more emotionally driven than men. People that gravitate to computers and numbers at an early age, subconsciously do so because of the predictable unemotional nature of computers. If it can't be described by "like", then your really going to bring up 30 years of repressed emotions that they don't have time for on the schedule.
I've been pitching an emotion based startup, so I get this response as a man pitching.
2 years, 7 months ago on Why Isn’t This News? Three Things You Don’t Hate About You
@sarahlacy My wife loves Zumba because she can find classes in any city when she is traveling by going on the website. We tried south beach and it was great to drop weight quickly, but it's tough to sustain. Give yourself a break...you made a person from scratch!
Also, my wife is going through the baby weight issue right now also. She tried low fat and weight watchers for the first 12 months after giving birth and it didn't work. She's lost 10 lbs in the past 8 weeks by cutting her carbs (e.g. Starbucks) ....she's really happy about the progress.
I love this format! I think Paul should adopt it for NSFW. Paul's facial expressions tell a backstory on every subject.
What about me?
A landlord....... or a book publisher, record company, stock broker. If monetizing patents was so easy the inventor would not need help, just as an artist would not need a gallery owner to sell their work. In some cases the inventor is too invested the invention to know it's value and application.
2 years, 8 months ago on PandoDaily At D10: Intellectual Ventures’ Nathan Myhrvold Defends His Patent Lawsuits
I apologize, I was speaking in practice not in theory. While you are correct R&D is not required in theory, in practice it is very difficult to envision all elements need to obtain a valuable patent without R&D. Can it be done...yes. The points you raise are directly related to the patent examiner's judgement in granting claims or a scope, which are excessively broad. In this event, the patent may be narrowed or invalidated upon challenge, which has happened in several high profile cases. It is not in the inventor's best interest to have the patent overturned at a later date, when they've invested additional time (years) and money in the project. If the guidelines for patent claims and scope need to be narrowed, because the patent examiners judgement can't be relied upon, then so be it. Refining the guidelines for patent scope and claims is a long way from the argument that patents rights should not be enforced because an idea was ahead of it's time. An invention, like a magic trick, is obvious once the mechanics have been revealed, but how many hours and dead end thought paths lead to it's creation. I think Sarah and Paul would take a different approach if the marketplace stopped enforcing copyright protection. How many words and hours does it take to create a book worth reading? Is it only slightly more than it takes to read the book? No, many more hours of crafting words into sentences and sentences into paragraphs, paragraphs into chapters before the idea of a book becomes a book. What if the book is ahead of it's time and no one wants to publish it? Is it any less valuable when the market finally catches up with the visionary author? But then, authors don't need to worry about that because they have large publishing companies to defend their patents on cleverly constructed words. Publisher take an interest in their work, aggregate it and defend it......sounds like a "book troll" or "copyright troll". Now it's bad and scary and fits within our need to cast every issue like a childhood fairytale.
Patents can cost hundreds of thousands of dollars and many years to be issued by the USPTO. Even after years of waiting for a patent to be reviewed you can end up with nothing if the patent examiner does not understand your invention. A valuable patent cannot be filed without extensive R&D, which reveals the elements that should be the subject of the patent claims. An idea simply addresses the desired result, a patentable invention is a detail description of every little step to acheive the desired result..if you leave out one step your patent can be circumvented. A valuable patent is a work of art. Idea-I want to travel to the moon. The invention is for the rocket that will take you there. The misconception by most people is that ideas are patentable, they are not, methods of implementing and achieving ideas are what is patentable. Large companies simple take ideas from people without patents because they legally can. An inventor is the ultimate seed investor.