So many companies have large research divisions (Google, Microsoft, DE Shaw, etc)
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Levi, indeed. They are quite amazing. However none are to the scale and to the oneness of these. They had 1000s of people who really just thought of ideas and had freedom to research them, even if they had no apparent return. The companies you mention do not operate the same.
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I think most companies (tech included) aren't. That's a problem for innovation.
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Alan, Indeed. It is one of the many reasons the tech world is in a rut. The funding is going to ideas that “can execute” even if they have but a patina of tech about the company.
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So true. I was lucky to spend the first few years of my post-academic career at Bell Labs. Research, publishing, and professional collaboration was expected and encouraged. How much progress are we losing from not continuing with this model?
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Susan, indeed. This was from an era where pure research was encouraged in academia and corporations. This has disappeared to such a degree that we may have reduced our abilities to create the big world changing ideas.
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Big comp. seem to solve the innov. problem by acquiring startups, that "risk" to innovate (outsourcing Clay Christensen solution) However, why startups aren't really daring (disruptive innov.) so as to threaten big conpanies, and they just improve or redesign same concepts?
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Panagiotis, indeed. Yet most of these acquisitions are evolutionary not revolutionary. The revolutions come from ideas and research. There are also big tax advantages to not have pure research but to simply acquire iterations of the next products. It’s a big dead end.
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Y-Combinator?
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Mayson, indeed. They are vitally important but are looking for startups that are ready to execute. Pure research has no mandates. This is how the big shifts happen.
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