Larry Page Slams Silicon Valley, Says It's Not Chasing Big Enough Ideas
In an interview with The Financial Times' Richard Waters, Page estimates that only about 50 investors are putting their money in big, important ideas.
"You can make an internet company with 10 people and it can have billions of users. It doesn't take much capital and it makes a lot of money - a really, really lot of money - so it's natural for everyone to focus on those kinds of things," he said.
Page also said that the problem is that not enough people are ambitious enough. Breakthrough technologies aren't being held back by any big technical hurdles, but by not having enough people working on them.
Google, for its part, just announced a new project to create magnetic nanoparticles that will search for disease inside your body.
- A centenarian who starts her day with gentle exercise and loves walks shares 5 longevity tips, including staying single
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- FSSAI in process of collecting pan-India samples of Nestle's Cerelac baby cereals: CEO
- 7 Nutritious and flavourful tiffin ideas to pack for school
- India's e-commerce market set to skyrocket as the country's digital economy surges to USD 1 Trillion by 2030
- Top 5 places to visit near Rishikesh
- Indian economy remains in bright spot: Ministry of Finance
- A surprise visit: Tesla CEO Elon Musk heads to China after deferring India visit