Saturday, April 27, 2013

A few thoughts on business model development and the path of the innovator

I've been focused for a lot of my career on the question of how to get science and engineering innovation out of the lab and into the commercial sphere where these innovations can begin to make a difference in people's lives. The greatest advances in research on green chemistry or health information technology, to use two disparate examples, won't have the benefit to people that its inventors envision unless there can be market validation and the resulting innovations can be shepherded, through some form of startup, into the hands of people. What these innovations need is some way of validating and their value to the world (market and customer validation) and a model through which that value can be translated into the world (a business model).

One of the recent and widely talked about business model tools, to help entrepreneurs test their business models--their mechanisms for producing value in the world--has been the business model canvas. A number of approaches have become popular for testing this business model in practice, broadly grouped under the the "lean startup" movement.

But if an innovation is coming from a broad research base, what is often missed is the necessary pre-work, the translation process between a broad base of research and the innovations that can result and become applications applied to particular markets.This stage is where I've been focused recently, and learning a lot through a collaboration with Dr. Judy Giordan at ecosVC. Our team has been honing our approach at the Center for Sustainable Materials Chemistry, primarily based in Oregon. But it's an approach that Judy has developed over a long career leading R&D for major companies. It's the role of a corporate CTO, translating between research and the market. I'm looking forward to reporting more as this work progresses.

The above graphic articulates what we call the Research to Innovation to Venture process. You can learn more about it at ecosVC. What I want to point out is that this innovation process is in parallel with the process that the innovator goes through. We often assume that entrepreneurship is binary. That you either are or you aren't. But in fact, people need to come to terms with their path, with their engagement with the process of innovation, and that coming to terms occurs in stages. And further, one needs to define one's role as well. Entrepreneurship is really a sport for teams, not solo practitioners. There are many roles that a scientist, an engineer (or really anyone) can take in advancing research through the innovation process and getting its value out there in the world, many ways of participating in the production of accomplishments. I'll report more specifics on our approach to this in the months ahead.



Monday, April 15, 2013

Who am I to correct Paul Krugman? But bitcoins ...

Who am I to correct Paul Krugman? But his piece on bitcoins is is a bit sloppy, it seems to me.

On the one hand he uses the Facebook twins to say that "bitbugs" believe in bitcoins because they're divorced from any social compact. This is just their silly talk and doesn't mean anything necessarily about bitcoins. Then he says that bitcoins are only valuable BECAUSE they are part of social compact, i.e. that people believe that they can be exchanged for goods. But he suggests this isn't sufficient, and that's what's good about "real" currencies, that they are backed by more than this--gold, which can be used for other things, or the backing of a government. THEN he says that of course gold and silver coins in years past were really just a representation of people's beliefs that they could be exchanged for real goods. If so, why aren't bitcoins just the equivalent and therefore at least as good as past methods of representing trading value?

I'm distinctly neither a bitbug nor a goldbug. I believe that currencies are fundamentally a social compact, and this notion that we can somehow make them neutral or mathematical is just silly. But, I also believe that bitcoins represent a fascinating experiment in crowdsourcing that social compact, rather than making such a social company overly-reliant upon a government or Federal Reserve which is in fact only made up of the assessments and actions of a highly select number of people.

Rebuttal to Krugman from Bitcoin Magazine: LINK.

Friday, February 08, 2013

G W Bush's paintings are really quite intriguing


I really like seeing his creative side. He does seem alone and introspective.

Thursday, January 31, 2013

Depression and creating a startup


The recent conversation about the emotional challenges of creating a startup is incredibly valuable. In particular, I've appreciated the posts by Brad Feld (LINK) and Jason Calacanis (LINK). If you're in the role of supporting startups (educator, lawyer, investor etc) you should engage in this conversation and you owe it to startups you work with to think about these issues.

Saturday, January 12, 2013

Reddit Cofounder, Digital Activist Aaron Swartz



Reddit Cofounder, Digital Activist Aaron Swartz Dead from Suicide at 26 (LINK)

Monday, April 30, 2012

Climate change myths

I was recently at a meeting and at a break the topic of climate change came up because I mentioned that I had missed an opportunity to hear Al Gore speak to come to the meeting. Someone who I respect and admire brought up several points about global warming that I thought I'd publicly refute here.

1. "Temperatures haven't actually warmed in the last fifteen years." False.

First, let's talk about the last 130 years. Indisputable instrumental data shows a very clear warming trend. Whether that's the result of human factors or something else, the fact is it's warming during that period. Here's the NASA data. 


Second, 2011 was in fact the 9th warmest on record but it was colder than 1998, which was THE warmest on record. It you draw a trendline from 1998 to 2011 you get cooling.

This perspective was exemplified in an egregious Daily Mail article about a report from the British meteorological office (Met Office) with the secondary headline "Met Office releases new figures which show no warming in 15 years". The original Met Office piece stated:
2012 is expected to be around 0.48 °C warmer than the long-term (1961-1990) global average of 14.0 °C, with a predicted likely range of between 0.34 °C and 0.62 °C, according to the Met Office annual global temperature forecast. 
The middle of this range would place 2012 within the top 10 warmest years in a series which goes back to 1850.
How do you get from the above statement in the original Met article to the statement that there's no warming in 15 years"? You cherry pick the your quotes, you don't include information from Met Office that refutes your points, and you end your data set with an April 2010 data point drawn from only 47 measurement stations in the Arctic.


2. The e-mails stolen from the University of East Anglia at very least show an egregious disregard for the scientific process by Michael Mann (he of the hockey stick curve) and inappropriate consideration of opposing views. False.

First, the idea that any science should depend on what a few people say or do is obviously silly. In any case, regardless of what one might think or believe about Michael Mann's attitude, his science remains valid: as my brother wrote on the RealClimate blog last week about Michael, "The conclusion that the past few decades are likely the warmest of the past millennium — i.e. the conclusion of the best-known of his papers in Nature and Geophysical Research Letters—has never been seriously challenged."  Nor have the results of Phil Jones (who was also accused of all sorts of misdeeds around the "climategate" emails). Indeed, all of Jones' results were demonstrated to be correct by the prominent physicist and former climate skeptic Richard Muller.

Second, Jones, Mann et al have been exonerated six ways to Sunday. As the Economist said:
"None of this is evidence of fraud. Looked at broadly, the e-mails seem to show a pretty workaday picture of scientists, with frustrations and sloppinesses, disagreements, opponents badmouthed, and cultural differences bridged..."
3. There has been a decline in the number of climate scientists who are convinced about climate change. False.

I don't know where this is coming from. But based on anecdotal evidence from my brother--who is a prominent climate scientist--plus a recent analysis of literature sources it is clear to me that the vast majority of climate scientsts do see substantial evidence for climate change and indeed are are convinced of the anthropogenic causes of this change. The literature analysis is in a paper titled "Expert credibility in climate change" which definitely shows that 97% of climate scientists see evidence for anthropogenic climate change.

4. Al Gore doesn't believe in climate change as evidenced by the fact that he's made a lot of money off his "sky is falling" climate change message and flies around in private jets, producing an excessive amount of carbon.

I can't fully refute that one because I'm not in Al Gore's head but it seems a strategy of incredible foresight to start talking about climate change in 1976 when Al Gore held the first congressional hearings on climate change in order to make money three decades later. Was he really thinking way back then that he'd create a documentary in 2006 and then leverage that to a position at a venture capital fund in order to make investments in clean energy based on the climate change "hysteria"? But perhaps he is indeed as prescient as Dick Cheney--create a false premise (WMDs in Iraq), lie to your Secretary of State so he goes in front of the U.N. with false data, start a war, and let your former company (Halliburton) benefit tremendously. I don't believe that Dick Cheney started the Iraq war to benefit himself personally--even though he may have personally profited--and I don't believe that Al Gore is so cynical as to argue the scientific basis of climate change just to line his own pockets. In fact, investing in the Iraq war and in clean technology are tremendous risks. They go far beyond the risks that most politicians or investors typically take. It remains to be seen how well those investments will actually turn out. In Cheney's case, it's meant that he hesitant to travel abroad for fear of legal repercussions. For Al Gore it has meant a constant barrage of criticism--and death threats, I'm sure--from people who believe he's in fact the right hand of the devil. As to whether Al Gore is not doing as he would have others do by reducing their carbon footprint, I certainly have some room for forgiveness and believe in the possibility of redemption for him in this regard given all the hard work he's done in fighting to get a message about which he--and I--are quite passionate.

Monday, January 23, 2012

Each employee was given a biscuit and a cup of tea ...


“Each employee was given a biscuit and a cup of tea, guided to a workstation and within half an hour started a 12-hour shift fitting glass screens into beveled frames. Within 96 hours, the plant was producing over 10,000 iPhones a day.”

http://nyti.ms/wRTPOd

the tea makes it all the more Dickensian ...

Wednesday, November 03, 2010

Nikki Haley Has ‘Overcome History’ ... and that means what?

So, does the victory of Nikki Haley as governor of South Carolina mean:

1. That conservative politics trumps the overt racism of a sizable portion of the Tea Party?

2. That Tea Party racism is just targeted at Democrats they don't like?

3. That Tea Party racism isn't really sizable or significant?

4. Nothing about the Tea Party. South Carolinians are "progressive" and race blind and just want the candidate that exemplifies their politics.

5. None of the above.

(Her victory is also meaningful because South Carolina has the worst record in the United States at electing women.)

Commentary: WSJ and Slate