Big data will replace the need for 80% of all doctors

The willingness to fail gives us the freedom to succeed.

Certain food-based biofuels like biodiesel have always been a bad idea. Others like corn ethanol have served a useful purpose and essentially are obsoleting themselves.

As for companies invested in the space - I think its important to distinguish between a good investment and a material climate change technology - you can have the first without the second, even in the "clean tech" space.

Everybody else is afraid to fail. I do not really care because when I fail, I try something new.

Now it will take a long time to scale biofuels, but I'm the only one in the world forecasting oil dropping in price to $35 a barrel by 2030. I'll put it on the record: Oil will not be able to compete with cellulosic biofuels. If you do it from food, the food will get so expensive you can't make fuel out of it.

The first rule of venture capitalism is hands-on experience. You have to get your hands dirty.