Larry Page is making huge bets on new technology
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Re: Larry Page is making huge bets on new technology
#2[deleted]
Re: Larry Page is making huge bets on new technology
#3"A brainiac who works in the lab walks into Page’s office one day wielding his latest world-changing invention—a time machine. As the scientist reaches for the power cord to begin a demo, Page fires off a dismissive question: “Why do you need to plug it in?”
It’s a tall tale that is repeated affectionately by the whizzes inside the futuristic lab because it captures the urgency and aspiration of their boss to move technology forward."
Is this really repeated affectionately? (If at all.) That sounds like a bug, not a feature.
Re: Larry Page is making huge bets on new technology
#4"A brainiac who works in the lab walks into Page’s office one day wielding his latest world-changing invention—a time machine. As the scientist reaches for the power cord to begin a demo, Page fires off a dismissive question: “Why do you need to plug it in?” It’s a tall tale that is repeated affectionately by the whizzes inside the futuristic lab because it captures the urgency and aspiration of their boss to move te…
It sounds like the typical strategy of just asking for something more when it's presented to you, to get more results. It's easier to ask than to make.
Re: Larry Page is making huge bets on new technology
#5But while the company still earns the majority of its revenue from advertising, during his tenure Page has helped to diversify the business. Notably, YouTube is expected to generate nearly $6 billion in revenue this year
Maybe I am being pedantic but aren't revenues from Youtube also based on advertising?
To the broader point though, why aren't more investors also putting money toward these "moonshots?" Is it because they don't have the liquidity to do it? Do they cost too much for the risk? If that were true then the Google's investments would be widely panned rather than held up as "making the right bets" as this article mentions.
It seems like these "singularity" technologies are the types of things that valley investors would be all over.
Re: Larry Page is making huge bets on new technology
#6Disney is a classic example of a company that made huge leaps and transformed itself from a single revenue stream to a very diverse one.
Can you think of what the board of Disney said to Walt when he decided to open a brick and mortar theme park when their only product to date had been a few animated films? Or how what they said when he unveiled the original vision of EPCOT as a real city with a theme park bolted on.
I don't have a strong opinion in Google doing their moonshots but it's happened before.
Re: Larry Page is making huge bets on new technology
#7But while the company still earns the majority of its revenue from advertising, during his tenure Page has helped to diversify the business. Notably, YouTube is expected to generate nearly $6 billion in revenue this year Maybe I am being pedantic but aren't revenues from Youtube also based on advertising? To the broader point though, why aren't more investors also putting money toward these "moonshots?" Is it because…
That probably should have said 'search advertising'. YouTube is a different type of advertising. Google needs to plan for a day when search advertising comes under attack from the next big thing. Maybe traditional search fades away, etc.
Re: Larry Page is making huge bets on new technology
#8It would be great to see google diversify their business model as well as their technology so they weren't getting most of their profit from advertising.
Re: Larry Page is making huge bets on new technology
#9"A brainiac who works in the lab walks into Page’s office one day wielding his latest world-changing invention—a time machine. As the scientist reaches for the power cord to begin a demo, Page fires off a dismissive question: “Why do you need to plug it in?” It’s a tall tale that is repeated affectionately by the whizzes inside the futuristic lab because it captures the urgency and aspiration of their boss to move te…
It sounds like the typical strategy of just asking for something more when it's presented to you, to get more results. It's easier to ask than to make.
The joke was probably intended as a jab at unreasonable managers, but joke-Page did catch an important engineering flaw: After you use the wall-socket-powered time machine to travel through time, there is likely to not be a wall socket at your destination...
Re: Larry Page is making huge bets on new technology
#10"A brainiac who works in the lab walks into Page’s office one day wielding his latest world-changing invention—a time machine. As the scientist reaches for the power cord to begin a demo, Page fires off a dismissive question: “Why do you need to plug it in?” It’s a tall tale that is repeated affectionately by the whizzes inside the futuristic lab because it captures the urgency and aspiration of their boss to move te…
It sounds like the typical strategy of just asking for something more when it's presented to you, to get more results. It's easier to ask than to make.
The joke is that it's a time machine. Someone brings a working one of those to office and I wouldn't care if it's powered by a butter churn.