American - Businessman | August 3, 1959 -
I'm one of the first invention capitalists.
Nathan Myhrvold
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The world has shown that if you provide capital and expertise to an area that is starved for capital and expertise, really good things will happen.
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In market research I did at Microsoft Corp. in the early 1990s, I estimated that the 'Wall Street Journal' took in about 75 cents per copy from subscribers, $1.25 at the newsstand and a whopping $5 per copy from ads. The ad revenue let them run a far bigger newsroom than subscribers were paying for.
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New online formats gutted the newspaper-ad business. Why pore over tiny print looking for a job in the want ads when you can tap a few keywords into monster.com, then click through and apply? Why pay a steep per-character rate for a classified when you can hawk a whole garage full of used stuff on EBay or Craigslist for free?
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The dilemma for early 21st century journalism is this: Who will pay for the news?
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One of the ugly secrets of the renewable-energy industry is that its products make no economic sense unless they are highly subsidized.
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Cooking is an art, but all art requires knowing something about the techniques and materials. Using modernist techniques, you get more control, and that allows you to be more artistic, not less!
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Intellectual Ventures is a company that invests in invention.
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I think you would find almost anyone who stands up for their patent rights has been called a patent troll.
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There's a limit to how much you can deploy renewables, like wind or solar. People will talk about getting up to 30 percent of America's power from renewables, but you can't get to 100 percent because of their unreliability.
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If you had a really good - battery, it wouldn't matter that the sun goes down at night and the wind stops blowing sometimes. But at the moment, battery technology is nowhere near good enough to use at utility scale.
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The depressing thing about battery technology is that it gets better, but it gets better slowly. There are a whole bunch of problems in materials science and chemistry that come in trying to make existing batteries better.
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