My company invents all kinds of new technology in lots of different areas. And we do that for a couple of reasons. We invent for fun - invention is a lot of fun to do - and we also invent for profit. The two are related because the profit actually takes long enough that if it isn't fun, you wouldn't have the time to do it.
Nathan MyhrvoldOne of the ugly secrets of the renewable-energy industry is that its products make no economic sense unless they are highly subsidized.
Nathan MyhrvoldWhen I was about nine years old, I announced to my mother that I was going to cook Thanksgiving dinner. And I went to the library and got this whole pile of books. I'd love to say it all turned out great. It didn't. But, sort of, from that point on, whenever there was serious cooking at home, I was the one who did it.
Nathan MyhrvoldThe techniques of being an Internet visionary are just like those of lower-tech fortunetellers through the ages. A technological visionary must tell people what they want to hear, because your company's stock won't rise if you spout an unpopular vision to analysts.
Nathan MyhrvoldOur reactor actually burns nuclear waste as fuel. So not only is it safe and powerful, it solves an important issue: It actually reduces nuclear waste instead of creating. It's the reactor of your dreams.
Nathan MyhrvoldChefs think about what it's like to make food. Being a scientist in the kitchen is about asking why something works, and how it works.
Nathan MyhrvoldWe're more familiar with what economists call an English auction - prices start low and rise as people bid. However, there is also the Dutch auction, where prices start high and go lower until somebody bites. Movies are sold to the audience via a very slow Dutch auction, where each phase between price drops can last weeks or months.
Nathan Myhrvold