Sunday, July 11, 2010

If you’ve run out of ideas, buy gold - Venture Hacks

Angel investor Thomas McInerney:

“Take a look at all the innovation happening today — Tesla has produced a beautiful 100% electric car. The cost of mapping the human genome has gone from $3 billion ten years ago to thousands today. Moore’s Law continues unabated and the rate of innovation in smart phones is staggering. The computer has moved from the desktop to the pocket, this trend alone reminds me of the World Wide Web in 1994. Social networking is in its infancy, and Twitter and Facebook are growing explosively. IP traffic is growing so fast that it has stunned the pioneering people who helped create it.

Ray Kurzweil maps out an optimistic view of the future with a tremendous amount of data supporting his main thesis — that the rate of innovation is increasing on a geometric scale. This means that innovation is happening faster every day. So yes, there are macro-level concerns about the economy, but there is also a staggering amount of data that supports the case for being an optimist. The data supports the fact that we’ll see more innovation in the next ten years than we’ve seen in the last one hundred years.

“If you are an investor or entrepreneur, this is the best time in history to make a fortune and create a better world… So if you’ve run out of ideas, buy gold. But I argue this is the best time to find innovators and invest in the future. Fortune favors the bold.”

[Emphasis added.]

Read the full post. You can reach Thomas via AngelList.

Here is a nice post regarding Innovation from Angel Investor Thomas Mc Inerney... "There are data to support we'll be seeing more innovation in the next ten years than the last 100" Here is how this relates to the Personal Medicine Platform... The Computer has moved to the Pocket, Web and Social Networking are growing explosively... The opportunity for a true disruptive cost curve for primary care physicians is upon us now, with the Patient Health Record, Telemedicine, and Mobile Computing technologies at the center of patient care, rather than as an add on to a broken existing practice model. We are thrilled to have our physicians testing and tinkering our platform now on the ipad/iphone now as they deliver on demand healthcare at the bedside and through modern communications. What do you think?

To Your Best Health,

The Personal Medicine Team

Posted via email from Personal Medicine

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