tag:blogger.com,1999:blog-5880610.post9140943960474167710..comments2024-01-13T18:57:18.243-05:00Comments on Information Processing: Bhide, innovation and basic researchSteve Hsuhttp://www.blogger.com/profile/02428333897272913660noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-5880610.post-40269063472518272142009-02-22T18:46:00.000-05:002009-02-22T18:46:00.000-05:00I haven't read the following book, but it looks qu...I haven't read the following book, but it looks quite relevant to this post:<BR/><BR/><A HREF="http://www.amazon.com/Inside-Black-Box-Technology-Economics/dp/0521273676" REL="nofollow"><STRONG>Inside the Black Box: Technology and Economics</STRONG></A>, by Nathan Rosenberg<BR/><BR/>(It is referenced in an <A HREF="http://www.econlib.org/library/Enc/EconomicGrowth.html" REL="nofollow">article</A> Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5880610.post-81107838543774731282009-02-18T16:33:00.000-05:002009-02-18T16:33:00.000-05:00Equine hoof odor research birthing a generic cance...Equine hoof odor research birthing a generic cancer cure would be felonious negligent discovery.<BR/><BR/>Do left and right shoes falsify the Equivalence Principle? Nobody has looked. Single crystals of left- and right-handed quartz (opposite parity atomic mass distributions) are otherwise identical test masses in an Eötvös experiment.<BR/><BR/>A massed sector chiral vacuum background is silly.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5880610.post-77084404651732483812009-02-18T14:53:00.000-05:002009-02-18T14:53:00.000-05:00"Most of the hard blocking-and-tackling in the eco..."Most of the hard blocking-and-tackling in the economy is done by companies that wouldn't be able to get their calls returned by a VC firm"<BR/><BR/>Exactly! Clearly someone living in the media world and not in the real world.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5880610.post-42969440651031325002009-02-18T12:12:00.000-05:002009-02-18T12:12:00.000-05:00Bhide's specialty is entrepreneurship and innovati...Bhide's specialty is entrepreneurship and innovation, not finance.<BR/><BR/>Investors in VC funds (should) know what they are getting into and want the high risk high return strategy. It's useful for diversification.<BR/><BR/>However, entrepreneurs do need to understand that their interests are not necessarily aligned with those of the VCs.Steve Hsuhttps://www.blogger.com/profile/02428333897272913660noreply@blogger.comtag:blogger.com,1999:blog-5880610.post-14968394770700997332009-02-18T12:05:00.000-05:002009-02-18T12:05:00.000-05:00I listened to the podcast, and have to say that I ...I listened to the podcast, and have to say that I found it weirdly disconnected from the realities of the current economy.<BR/><BR/>Also, Bhide seems disproportionally interested in venture-funded companies. Most of the hard blocking-and-tackling in the economy is done by companies that wouldn't be able to get their calls returned by a VC firm, let alone prompt unsolicited interest.<BR/><BR/>And Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5880610.post-36370268387967732242009-02-17T19:19:00.000-05:002009-02-17T19:19:00.000-05:00"Schumpeter-ian, Hayek-ian, Knight-ian" Why does a..."Schumpeter-ian, Hayek-ian, Knight-ian" Why does anyone talk this way?<BR/><BR/>If there were an accounting for basic research, it would be funded privately. How were Bell Labs' profitability and efficiency measured?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5880610.post-39057586043730571112009-02-17T10:44:00.000-05:002009-02-17T10:44:00.000-05:00Many years ago, I heard an interview with an advoc...Many years ago, I heard an interview with an advocate for the necessity of government involvement in basic nuclear power R&D, in which he argued his case by observing that "on a discounted cash flow basis, the world isn't worth saving".<BR/><BR/>When the problems get too hard, private investors tend to look for greener pastures, where the returns are easier to achieve and the Anonymousnoreply@blogger.com