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Arthur Einstein Jr

Interesting perspective Howard. So how do you judge whether the potential is monster or not? Everything looked like a big idea once. Now, nothing seems to.
[HLM] to keep with the food metaphor, it's gut feel.

Yuri G.

It's very interesting opinion, but do you think those VC's who invested in Twitter or other social networking projects are not smart enough and they didn't have any projections or ideas how to monetize those kind of projects in future? It's very interesting how they evaluate capitalization of those companies now...they dont' generate any cashflow but their valuation is unreallistically high. I think i saw that one of your partner at first round invested in Delicious, isn't the same kind of projects that you are considering as a UNI :)

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Great help. Fantastic Points. Well done.

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Fast-forward to 2009, as Amazon introduces its Kindle DX, the latest iteration of their wireless ebook reader that offers a larger screen with eInk technology. Just as those kings and dukes were thrilled to build ever-larger battlements against their enemies, publishers are flocking to the Kindle as the wonder machine of choice

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Silicon Alley Insider notes that Amazon CEO Jeff Bezos brought a stunning statistic to light during the Kindle DX intro show: when Kindle-formatted books are available on Amazon, about 35 percent of those books' sales are now through Kindle editions.

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These are deals where the product excites some of my sensibilities, and I can quickly see that I, and maybe many other early adopters I know, would easily become users. But I either don’t see a business model, or see how it gets to be a very large company. In many cases, I can see getting to a $10-20 million business throwing off a few million a year. But there is either market or no vision of how to get it to $50-100 million. These are wonderful business for the entrepreneur, friends and family, and some angel investors. They generate cash flow and great lifestyles. They just don’t work for the venture business.

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As businesses, most of them don’t have the ability to generate much revenue. The same seems true for the iPhone app business. Lots of neat apps (see the humorous iPhone ad you’ll never see on TV), but not many generating enough revenue for long enough to build venture scale companies.

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An acquired taste often refers to an appreciation for a food or beverage that is unlikely to be enjoyed by a person who has not had substantial exposure.

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Every decade in the last 100 years, futurists have declared the coming of the robotic age, but having been in robotics, I don't see much progress in the last 50 years. Orders of magnitude increases in chip density, speed and storage has led to only a marginal improvement in how robots and robotic widgets affect our lives. Put simply, most robots are just computers that move as they are told maybe with video feedback and a few other sensors. I am hoping that in this coming decade, the automation industry will finally fill in the last 2 most important features that will enable a robot revolution. These are adding high density tactile sensation and adding truly adaptive learning so that robots will finally learn increasing complex tasks by trial and error by themselves. The DARPA arm is already helping military veterans that have lost their arms with dexterous manipulations like eating and using tools. The obstacle is no longer going to be hardware, but rather a required paradigm shift in producing automated behavior. Decades of brilliant minds have shown that rule-based programming which is what almost all software is, is just not good enough to make a generalized human-like robot that can help people with tasks like washing our clothes, cleaning our bathrooms, supporting the lives of the elderly and handicapped, and replacing people in most manual labor in factories from sewing clothes to general assemby of most products. A new approach that mimics how people learn will need to insert a different type of software into computers that not only learns by itself but also learns to know how to learn new tasks.

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