A Quote by Marco Tempest
My products and magic are free, but on the commercial side of what I do, the big tech companies are impressed with somebody like me who can emotionalize a piece of technology.
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Usually, it's men who run these big monster companies, and girl companies are usually much smaller - it's like an unwritten tech-industry stigma.
Integrating breakthrough technology into everyday products is always a challenge; at the same time, this is exactly how design makes tech products easily adoptable in life.
We're pretty broad as investors. Our thesis is work with great entrepreneurs that believe they can change the world. But there are specific areas that we get excited about - areas like hard tech, deep tech, companies that deal with really difficult technology, etc.
Are companies like YouTube, Facebook, and Twitter open technology platforms or publishers with curated content? For years, Big Tech giants have tried to have it both ways, exploiting special legal protections to enrich themselves while behaving like publishers without the liabilities.
Tech companies like to set stretch goals, like we'll try to be the best company for women and minorities, and we have to ask, "What does that really mean?" By setting a goal like that, it makes all of us pay attention to that idea and try to innovate around it, to understand the underpinnings. One piece is being transparent, saying "Hey, we have an issue, we're open to innovation on it." It's important for innovation to prove that more diversity makes better products.
At Foundry Group, we always look for companies that we think build magic into their products. Occipital has been one of those companies.
The only big companies that succeed will be those that obsolete their own products before somebody else does.
For most Indians in America, wealth is not inherited. Neither do we make it as heads of large hedge funds and private equity funds. For us to make it to the top, we have to use our knowhow to create great new technology products and build high-tech companies.
In 2001, we were like most high-tech companies, with one or two primary products that were really important to us.
Everything's changed. The technology is the big thing changing now, the way movies like 'Alice' or 'Avatar' are made. And technology on the other side, the audience side. Word spreads so fast now on a movie, with the Internet, and piracy is something coming down the line like in the music industry.
In tech entrepreneurship, even a lot of hack events tend to be overly commercial in that they're designed to produce companies.
I think Wall Street is very important, especially to tech companies. Wall Street will get in their rhythm and go fund tech companies, and tech companies will go create jobs and employ a lot of people, so there's that aspect of Wall Street.
I don't accept any money, free products, or anything else of value from the companies whose products I cover or from their public relations or advertising agencies.
What I love about what I get to do is that I'm allowed to create the stories that I want to tell with minimal interference by some very big corporations like Microsoft and Sprint and EA and BioWare. The advantage that these tech companies have is that they understand the space organically, versus traditional media companies.
If we're building high quality companies, if the customers like the products, if the technology innovation is real, then the substance is going to win out in the end.
There's an ongoing competition by global companies across all areas from products, technology development and hiring talented people to patent disputes. The market is big and opportunities are wide open, so we should find out new businesses that Samsung's future will hinge on.
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