asterisk2a + technology + growth   3

Why your dinky little startup is worth billions of dollars - Quartz
Though companies hire trained futurists, technology is still moving to fast to predict where it will go. “Value has become an abstraction because we don’t really know what kind of product is going to make the most money,” Chayka writes. “We have no idea what kind of technology will dominate the commercial landscape over the next decade, let alone century.” For companies with as much money and as much to gain—and lose—as Google, Facebook, and Twitter, it’s better to be optimistic about hyped startups than to let them slip away. Of course, this means that they know some of their acquisitions will be duds and even those that aren’t will be expensive. But it’s worth more to them to stay ahead of the curve.
Facebook  Yahoo!  AOL  Twitter  Microsoft  Google  acqui-hire  acquisitions  acquisition  Uber  Airbnb  growth  round  Venture  Capital  Technology  strategic  strategy  VC  Silicon  Valley  acquihire  seedround  seedfunding  Instagram  Snapchat  WhatsApp  Google+  Moore's  Law  B2B  C2B  marketplace  industry  Oculus  Rift  virtual  reality  3D  printing 
april 2014 by asterisk2a
Fixing the economy the scientific way - latimes.com
Take jobs first: This has been a theme hammered home by the National Academy of Sciences. In its two "Gathering Storm" reports released in recent years, the academy has argued strongly that our future prosperity depends on investments made now in research and innovation.
The basic premise rests on the work of Nobel Prize-winning economist Robert Solow, who documented that advances in technology and knowledge drove U.S. economic growth in the first half of the 20th century. If it was true then, it's even more so in today's information economy.
GDP  growth  USA  2010  research  innovation  energy  crisis  global  technology  green  renewable  recovery  recession 
december 2010 by asterisk2a

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