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In Experts we Trust

3 Sep

“There is not the slightest possibility of such journeys.” -American astronomer F.R. Moulston on humans going to the moon (1935).

“Heavier than air flying machines are impossible.” – Lord Kelvin, President of the Royal Society of London (1895).

“The [atomic] bomb will never go off, and I speak as an expert in explosives.” -U.S. Admiral William D. Leahy to President Truman (1945).

“There is no reason for any individuals to have a computer in their home,” -Ken Olsen, founder of DEC computer company (1977).

Good motivation for entrepreneurs who get a lot of doors slammed in their face ūüôā

 

http://www.inc.com/naveen-jain/dreamers-vs-the-experts-why-you-should-always-bet-on-dreamers-not-experts.html

 

iCaddy, do you?

13 Nov

David Grieshaber, the inventor behind iCaddy,  has a truly unparalleled vision for golf. His app for google glass is going to make golfers around the world rejoice. A picture is worth a thousand words, and in this vein, check out what your view from Glass would entail while running the iCaddy app;

iCaddy View

Not only will you get the yardage in the convenience of your glasses, but the system will recommend a club for you too! The app will have a tournament mode to comply with the USGA, and will feature video capabilities. Can you imagine watching golf at home on your TV, live from Tiger’s point of view? This is going to change the way we watch golf, and all sports for that matter.

Check out the promo video here to see more neat features ;

His website can be found here- http://icaddy.com/

mHealth

14 Mar

I’m fascinated by all of the novel uses of smart phones these days. The field of mHealth-mobile phones used for diagnostics is¬†particularly¬†attractive, lucrative and growing. I envision a day where the phone can perform all the tests you need to go see a doctor for. Our generation will demand it and engineers will make it possible, because¬†capitalists¬†will see the payout.

http://opinionator.blogs.nytimes.com/2013/03/13/the-benefits-of-mobile-health-on-hold/

In an interesting excerpt from the times article linked above;

Aydogan Ozcan, who runs an electrical engineering lab at U.C.L.A., has developed small attachments to cellphones that can serve as a sophisticated microscope, diagnose common diseases, detect pathogens such as E. coli and sniff out allergens.  The phone can also send reports to a Google Map server to plot the spread of disease (it’s only meaningful, of course, if enough people use the system).   Perhaps most intriguing, his lab has developed an online game in which players undergo a brief training, then examine slides of cells to guess if they are infected with malaria.  Dr. Ozcan found that a group of nonexperts came within 1.25 percent of the accuracy of an expert, opening the possibility that a crowd of amateurs could perform remote diagnoses when experts are scarce.

Crowdsourcing diagnostics…wow!

I take issue with the authors claim that, “Success should mean better health outcomes.” I’m not against better health outcomes, I just feel their is a convenience aspect to the devices. The outcome’s might be the same if you had gone to a doctor, but the mobile device¬†saved¬†you a trip. This line of reasoning may be more applicable to rich countries than developing ones, where people don’t have access to a doctor. In which case I would hope the applications provide better health outcomes.

The Courage to Create

27 Feb

Excerpt from the book “The Courage to Create,” by Rollo May;

“I would walk twenty miles to listen to my worst enemy if I could learn something.” Leibnitz

David Foster Wallace

11 Dec

The really important kind of freedom involves attention, and awareness, and discipline, and effort, and being able truly to care about other people and to sacrifice for them, over and over, in myriad petty little unsexy ways, every day…. The only thing that’s capital-T True is that you get to decide how you’re going to try to see it. You get to consciously decide what has meaning and what doesn’t…. The trick is keeping the truth up-front in daily consciousness.

The Power of Negative Thinking…?

11 Dec

Research by Saras Sarasvathy, an associate professor of business administration at the University of Virginia, suggests that learning to accommodate feelings of uncertainty is not just the key to a more balanced life but often leads to prosperity as well. For one project, she interviewed 45 successful entrepreneurs, all of whom had taken at least one business public. Almost none embraced the idea of writing comprehensive business plans or conducting extensive market research.

They practiced instead what Prof. Sarasvathy calls “effectuation.” Rather than choosing a goal and then making a plan to achieve it, they took stock of the means and materials at their disposal, then imagined the possible ends. Effectuation also includes what she calls the “affordable loss principle.” Instead of focusing on the possibility of spectacular rewards from a venture, ask how great the loss would be if it failed. If the potential loss seems tolerable, take the next step

Source- http://online.wsj.com/article/SB10001424127887324705104578147333270637790.html?mod=WSJ_article_outbrain&obref=obinsite

Ken Howery: Founders Fund

10 Nov

“The best investments are in companies that are fundamentally good, but that nobody thinks are good.”

On Paypal Investment – “One of the benefits of nobody having payment experience was that no one realized what “couldn’t” be done. People had no established ways of thinking.”

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