Wednesday, October 22, 2008

Vinod Khosla at ETL


The topic is on renewable energy.

Few concepts:
1. Chindia Test- must be cheap enough for China and India to adopt= adoption risk
2. Relevant scale: Oil, coal, materials, efficiency
3. Alan Kay: Best way to predict future is to imagine
4. Need to be pragmentalists: Do cost effective stuff, not everything
5. The Art of the Possible: Power of ideas
6. Generic approach: Take a big problem, add the best minds, add the power of ideas, the fuel of entrepreneurial energy and a touch of capitalist greed
7. Black Swan solutions: Retrospectively predicatable, rarity and extreme impact
8. Stock price and bubble are irrelevant: stop paying attention to them
9. The reading list: How to change the world (David Bornstein), Banker to the poor (Muhammad Yunus), The purple cow (Seth Godin), The black swan (Nicholas Nassim Taleb)
10. Ideas build upon each other and outdo each other
11. Don't let conventional wisdom bog down on you
12. Missionaries not the mercenaries who are successful

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