How Would You Spend $20 Billion?
I just read an op ed piece by Tom Friedman . He’s basically saying “look, stop giving money to the losers, let’s give the money to VC’s and have them go find the next winners.” Amen.
On a related note, check out this video of Marc Andreessen with Charlie Rose. Innovation is clearly not dead and in some ways, is just beginning. The story of NVIDIA struck a cord (at 39:00 if you are interested). The engineers from NVIDIA came from Silicon Graphics which was killed by the innovation of the PC. Those engineers went on to innovate again. We need to stop supporting the old (Silicon Graphics/GM) so that we can get on with the new (NVIDIA/Tesla, etc.).