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No science, no startups: The innovation engine we're switching off

steveblank.com

511–520 of 528 posts

Re: No science, no startups: The innovation engine we're switching off

#511
post #251

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You've been crossing repeatedly into personal attack. We ban accounts that do that. I don't want to ban you, so please don't do that.

If you know more than someone else, that's great, and if you want to share some of what you know so the rest of us can learn, so much the better. But please be careful to do it without putting others down, no matter how ignorant they are or you feel they are.

https://news.ycombinator.com/newsguidelines.html

Re: No science, no startups: The innovation engine we're switching off

#512
post #235

Earlier quoted context omitted.

[flagged]

[flagged]

You've been crossing repeatedly into personal attack. We ban accounts that do that. I don't want to ban you, so please don't do that.

If you know more than someone else, that's great, and if you want to share some of what you know so the rest of us can learn, so much the better. But please be careful to do it without putting others down, no matter how ignorant they are or you feel they are.

https://news.ycombinator.com/newsguidelines.html

Re: No science, no startups: The innovation engine we're switching off

#513
post #506

Earlier quoted context omitted.

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Your account has been repeatedly breaking the site guidelines with flamewar comments and personal attacks. Moreover, you've been using HN primarily for political battle (something which is not allowed here, regardless of which politics you're for or against). Since we asked you to stop doing these things and you haven't stopped, I've banned the account.

If you don't want to be banned, you're welcome to email hn@ycombinator.com and give us reason to believe that you'll follow the rules in the future. They're here: https://news.ycombinator.com/newsguidelines.html.

Edit: the other commenter was also breaking the rules, of course. I've responded to that user elsewhere in the thread: https://news.ycombinator.com/item?id=45595217.

Re: No science, no startups: The innovation engine we're switching off

#514
post #379

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> it was such a a huge loss seeing those corporate labs disappear. A loss for whom? Society? Of course, and that's exactly why they don't happen anymore -- because while they were a boon for society they were a terrible bet for the company. And when a company has a choice between doing good for their bottom line or doing good for society, 100% of the time they choose their bottom line. I mean, look at the legacy of X…

This implies Xerox got no return on their research, and simply let Apple take their research, which isn't true. Rather, it was part of the investment deal they made with Apple [1]: > Apple was already one of the hottest tech firms in the country. Everyone in the Valley wanted a piece of it. So Jobs proposed a deal: he would allow Xerox to buy a hundred thousand shares of his company for a million dollars—its highly a…

> This implies

What I said was that it worked out a lot better for Jobs than it did Xerox, not that they didn't get anything. It certainly didn't work out how they'd hoped. And that hasn't gone unnoticed by would-be funders of future Xerox PARCs.

> Xerox's lack of capitalisation was a problem of their own making, not something inherent about investing in basic research.

I dunno, to me it feels like the people who are good at doing and investing in basic research are not the same kind of people who are good at building and investing in applications. Yes you can present a counterfactual where if only Xerox had Jobs' vision and execution everything could have been different... but chalking it up to just "they could have done it better and been successful" misses the fact that they were doing the best they could with the smartest people they could find, and still couldn't capitalize.

Re: No science, no startups: The innovation engine we're switching off

#515

Earlier quoted context omitted.

> it was such a a huge loss seeing those corporate labs disappear. A loss for whom? Society? Of course, and that's exactly why they don't happen anymore -- because while they were a boon for society they were a terrible bet for the company. And when a company has a choice between doing good for their bottom line or doing good for society, 100% of the time they choose their bottom line. I mean, look at the legacy of X…

Yeah, no, the ROI on Xerox Parc was excellent for Xerox, because of the technology they _did_ successfully commercialize on their own: the laser printer. It helped Xerox to $8 billion in revenue in 1984, a level Apple didn't beat until 2006. Even Microsoft didn't beat Xerox in revenue until the year 2000, where Xerox had $19 billion in revenue. Apple didn't reach that level until 2010. So you could say that it took t…

Even if we accept that premise, it still doesn't follow that PARC-like research centers are the only or best way to achieve that outcome. PARC's remit was to invent the office of the future, not to do the typical R&D thing which would be to make incremental improvements on their current products. Laser printers are exactly an incremental improvement on their current products.

So what you're saying here is that the best thing to come out of PARC for Xerox was an incremental improvement to their existing product line that could have been proposed by a typical R&D team.

Again, not a great selling point for the ROI of PARC from Xerox's perspective.

Re: No science, no startups: The innovation engine we're switching off

#516
post #471
post #347

Your article strongly consonated with the ideas I often try to communicate to those around me. I wish there were more open discussion about biases related to PhD qualifications and the growing influence of venture-capital-style practices in science. Many researchers dedicate themselves to exploring new and uncertain areas of knowledge, yet their work is sometimes undervalued by hiring managers and industrial professi…

> I personally know HRs who consider the "PhD" tag in a CV a red flag. Which should only tell us what a cancer HR departments are. Filtering someone from talking to the hiring department, for the crime of doing a PhD, and telling others about it - to me this sounds more likely like someone getting a kick out of wielding the bit of power they have over others than a useful contribution to society.

Fwiw everyone I knew in undergrad who ended up in HR that was basically their only option. They already got slammed in stem classes in HS or even first year or two in college so that was a nonstarter. They weren’t creative people so arts or humanities were out. They didn’t grasp business concepts so finance and other avenues in the business school were out. They landed an hr internship in their junior year then the rest is history.

It is bewildering to me that HR is responsible for hiring anyone outside the HR department.

Re: No science, no startups: The innovation engine we're switching off

#517

There's something odd in this argument. If you come at it from a Canadian perspective Canada seriously spent on neural network computer science when almost no one else did (many in AI considered the entire thing discredited and impossible), now the (financial) gains from that are almost entirely in a foreign country. The US science establishment was all about buying and utilizing Russian rocket engines until he-that-…

Its not that spacex did anything novel really. People act like the shuttle died when it has been continually developed to this day. The shuttle always had a dual use as a commercial and military technology. The commercial activity was not economically viable. The military activity was and remains an important capability. That is why the shuttle still flies. Only it is called the x37b and does not require the complexity of sending humans into space.

Re: No science, no startups: The innovation engine we're switching off

#518

Earlier quoted context omitted.

Yeah if you go check almost any major scientific breakthrough of the past century it usually starts with "some guy was working in a corporate lab with an unlimited budget". We're stagnating as a species a lot more, but at least the shareholders got a payout for their hard work of doing literally nothing. Rent seeking at its worst.

Silly argument. Everything in gravitational physics goes back to Newton? Who cares about Convex Optimization if you do not undertand gravity? Math goes back to Euclid and the Greeks? Mankind has consistently built upon existing knowledge. "If I have seen further, it is by standing on the shoulders of giants. (Newton)" IMHO, what we are seeing is the US was generating 50% of the world's GDP at the end of World War II.…

this is silly money spent on research is always going to be better spent than the numerous misuse of tax payer dollars spent. ICE has a bigger budget than NASA and NSF combined consider this how little is science being valued. We have gained tremendously from NSF and NASA and now we are seeing that only SpaceX and maybe Rocketlab could hold a candle to China's CNSA and their private industry which is quickly going to be catching up because they have the ability to produce it in scale.

Re: No science, no startups: The innovation engine we're switching off

#519
post #338

Earlier quoted context omitted.

high temperature superconducting would cause a big leap. cheap energy would also help. cheap compute-in-the-walls. machines doing all the dangerous jobs.

Cheap energy is possible now with solar. There is a reason why it hasn't been done yet. Nobody has a need for it. Remember, you may think it would be nice to have an electric car you can charge for microcents a mile, but most people dgaf about putting gas in their car. Machines doing dangerous jobs also is a thing these days. High temperature superconducting can potentially be useful in a few applications that involv…

> being a streamer is the top choice of "what I wanna be" when you ask kids.

that doesn't sound like a very good way to improve human life on Earth.

Re: No science, no startups: The innovation engine we're switching off

#520
post #69
post #59

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Dumb maybe question: Why couldn’t the companies with excess profits just pay they employees more in salaries?

Companies are controlled by shareholders who appoint the board who appoint the CEO. If the CEO decides to pay employees more, the board will change him because shareholder put money to get money out, not to give to employees. Companies can give "shares" to employees, which means excess profits can be made dividends out of which employees "touch a bit". If you would have your own company (privately own and full contro…

buyback defers tax incidence, but it doesn't avoid it, no?

also boards rarely change CEOs for paying employees well, they change CEOs if the company is not growing

labor's share of income usually falls during periods of growing output and rises otherwise (but apparently tech booms/bubbles are an exception, check the graph -- https://en.wikipedia.org/wiki/Labor_share#/media/File:FRED_g... )

an unexpected but welcome change is that real wages of low-income workers increased too during the recent years, but the historic trend obviously shows the enormous disparity (check figure C 1979-2019)

https://www.epi.org/publication/strong-wage-growth-for-low-w...

...

and for interesting context let's not forget that during this time a lot of immigrants started to work

https://cis.org/Report/ForeignBorn-Number-and-Share-US-Popul...

and for context on the context, the size of the active population also increased - so fewer people age out of the workforce than how many started working

https://tradingeconomics.com/united-states/active-population...

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