Tag Archives: ideas

The Business of Invention

By sep­ar­at­ing inven­tion from man­u­fac­ture we can cre­ate a strong “cap­it­al mar­ket for inven­tions”, says former Microsoft CTO Nath­an Myhr­vold*, and this will bring about great­er cre­ativ­ity and rewards for all con­cerned.

Myhr­vold is cur­rently the CEO and cofounder of Intel­lec­tu­al Ven­tures (a com­pany he freely admits as being “reviled as a pat­ent troll”) and believes that a liquid mar­ket for ideas will solve many of the prob­lems that have long plagued invent­ors and con­sumers.

Soft­ware owes its ascent largely to two cru­cial devel­op­ments. First, soft­ware vendors gradu­ally per­suaded soft­ware users—through both edu­ca­tion and lawsuits—to respect intel­lec­tu­al prop­erty rights and pay for some­thing that they might oth­er­wise simply copy. Then vendors lib­er­ated soft­ware from hard­ware by over­com­ing sys­tem incom­pat­ib­il­it­ies and devel­op­ing solu­tions that could work on many dif­fer­ent brands of com­puter. When the PC revolu­tion hit, soft­ware became an industry in its own right.

I believe that inven­tion is set to become the next soft­ware: a high-value asset that will serve as the found­a­tion for new busi­ness mod­els, liquid mar­kets, and invest­ment strategies. The sur­pris­ing suc­cess Intel­lec­tu­al Ven­tures has had over the past 10 years con­vinces me that, like soft­ware, the busi­ness of inven­tion would func­tion bet­ter if it were sep­ar­ated from man­u­fac­tur­ing and developed on its own by a strong cap­it­al mar­ket that fun­ded and mon­et­ized inven­tions.

To sim­pli­fy the issue slightly, I feel that the end-product is desir­able (an inven­tion mar­ket), but the sug­ges­ted route is less so (sep­ar­a­tion, ‘edu­ca­tion’, law­suits).

via @Ando_F

*Yes, the Nath­an Myhr­vold of that cook­book.

Aspen Ideas Festival

The Aspen Ideas Fest­iv­al–a joint pro­duc­tion of the Aspen Insti­tute and The Atlantic–is an annu­al gath­er­ing of “some of the most inspired and pro­voc­at­ive thinkers, writers, artists, busi­ness people, teach­ers, and oth­er lead­ers drawn from myri­ad fields and from across the coun­try and around the world” who meet to dis­cuss “some of the sig­ni­fic­ant ideas and issues that touch all parts of our soci­ety as found in the arts, sci­ence, cul­ture, reli­gion, philo­sophy, eco­nom­ics, and polit­ics”.

So far so good, and yet anoth­er to add to the col­lec­tion (TED, Seed Salon, FORA.tv, Gel, etc.).

(via Snark­mar­ket)

Gel Conference Videos

The Gel Con­fer­ence (“Good Exper­i­ence Live”) bills itself as an event “explor­ing good exper­i­ence in all its forms – in busi­ness, tech­no­logy, art, soci­ety, and life”.

I had­n’t heard of Gel before but the videos of past talks are cap­tiv­at­ing and edu­ca­tion­al.  Anoth­er set of videos to add to the col­lec­tion (TED, Seed Salon, FORA.tv, etc.), it seems.

via Kot­tke