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When You Are Failing, You Are Forced To Be Creative, To Dig Deep And Think, Night And Day.
-Bill Gates
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When You Are Failing, You Are Forced
Bill Gates
When You Are Failing, You Are Forced To Be Creative, To Dig Deep And Think, Night And Day.
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...one Of The Most Inventive Forms Of Creative Capitalism Involves Someone We All Know Very Well. A Few Years Ago, I Was Sitting In A Bar Here In Davos With Bono. Late At Night, After A Few Drinks, He Was On Fire, Talking About How We Could Get A Percentage Of Each Purchase From Civic-minded Companies To Help Change The World. He Kept Calling People, Waking Them Up, And Handing Me The Phone To Show Me The Interest.
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Government Investment Unlocks A Huge Amount Of Private Sector Activity, But The Basic Research That We Put Into It Work That Led To The Internet And Lots Of Great Companies And Jobs, The Basic Work We Put Into The Health Care Sector, Where It's Over $30 Billion A Year In R&d That Led The Biotech And Pharma Jobs. And It Creates Jobs And It Creates New Technologies That Will Be Productized. But The Government Has To Prime The Pump Here. The Basic Ideas, As In Those Other Industries, Start With Government Investment.
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I Could Name About A Dozen Paths, And You'd Like To Have A Whole Bunch Of Research On All Those Paths, And Then, Eventually, At Least Four To Five Companies With Really Significant Financing Try And Get To Big Scale, Going Down And Really Trying To Prove It Out.
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The Vision Is That People Should Have The Ultimate In Convenience. Being Able To Get The Things They Care About On The Appropriate Device.
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