If you depend on a single industry, if you don't continuously upgrade it, if that industry is not producing real wealth, if it's simply shuffling paper from here to here in a very efficient manner sometimes, that's not enough and that's not where you begin to get the rest of your jobs.
Juan EnriquezIt's not going to surprise me if our kids end up running on the beach in Florida when they're 100 years old on regrown body parts with a much higher quality of life than we can begin to imagine.
Juan EnriquezThere is a massive ecosystem that has to get built that looks like a biosphere. And the various parts of that biosphere better be there.
Juan EnriquezOne of the lessons that I hope people will take out is the extreme dependence simply on the financial sector is really dangerous.
Juan EnriquezThere has to be some more regulation. But our kids have this incredible buffet of they can work in genomics, they can work in pre-omics, or they can work in robotics, or they can work in this, or they can work in that. And within the next five years there will be entirely new industries that come out of nowhere that kids are working in that would have been inconceivable when they started college. Not when we started college.
Juan EnriquezThere's always a question when you invest. Are you too early, are you too late, or are you just right? And there was a lot of hype about life sciences, around the sequencing of the human genome and a lot of people concluded that's not really there. But by the way, there was a lot of hype around the digital revolution just about the time of 2000 and the human genome, and it turns out that some of the world's biggest, most powerful companies are the survivors post that crash.
Juan Enriquez