A Quote by Geoff Mulgan
The City of London has never been known for understanding technology and has never matched Silicon Valley's tradition of knowledgeable investment in technology start-ups, just as the U.K. government has never matched the vast investment made by the U.S. government.
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Unlike return, however, risk is no more quantifiable at the end of an investment that it was at its beginning. Risk simply cannot be described by a single number. Intuitively we understand that risk varies from investment to investment: a government bond is not as risky as the stock of a high-technology company. But investments do not provide information about their risks the way food packages provide nutritional data.
We who work in technology have nurtured an especially rare gift: the opportunity to effect change at an unprecedented scale and rate. Technology, community, and capitalism combine to make Silicon Valley the potential epicenter of vast positive change.
There's no better place in the world for technology start-ups than Silicon Valley; there's such an incredible well of talent and capital and resources. The whole system is set up to foster the creation of new companies.
Silicon Valley does not breed great technology. Instead, the smartest people from around the world tend to move to Silicon Valley.
There has almost never been a period of substantial economic growth in the United States without significant investment. And no investment pays off within the same cycle. No investment pays off within the same year - especially a governmental investment. Even businesses don't work that way.
Silicon Valley is constantly saying that the government is irrelevant and powerless. But that's because most people there have never seen it get serious.
The case for open markets, free trade, private investment and technology has never been stronger in development. Over the decades, this combination has driven down poverty, helped to tackle disease, and created jobs across the globe.
I really just started buying art as a passion. I never considered it an investment, but it ended up being a good investment.
When the telecoms system in the U.K. was made to compete and to seek private capital, many worried that the service would get worse and there would be a further shortage of investment. They were wrong on both counts. Technology was transformed, and investment soared. Prices went down; choice and usage went up.
The entire world is now a rival to Silicon Valley. No country, state, region, nor city has a lock on innovation in technology anymore.
Our government is just way too interested in mucking around in Silicon Valley by creating and enforcing rules based on little or no understanding of the consequences.
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.
Everyone everywhere live[s] a confused, bitter search. Reality never matched their dreams; happiness was just around the corner - a corner they never turned. And the source of it all [is] the human mind.
The Department of Energy made an investment that failed, and it got raked over the coals for that failed investment. This is ridiculous. The fact of the matter is, the government should be making a lot of risky investments, the majority of which are likely to fail.
The levels of technology investment in the energy sciences pales compared to the kinds of investment we make in the computer and bio-sciences.
Research and technology parks are an important part of the innovation infrastructure in Canada. Our Government's investment will increase the foreign profile of western Canadian companies, create new jobs, and stimulate economic growth.
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