12/ In particular, suppose we have some key scientific problem, and the two leading approaches have a 20% and a 5% chance of working.
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19/ This is something I like about SV: I view the many ludicrous startups as a feature, not a bug, even if they're sometimes annoying.
20/ They indicate a system willing to support a lot of really weird ideas. Most fail.
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21/ But a few turn into Wikipedia-size successes.
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22/ A priori, of course, WP looked really silly - wild optimists like Kevin Kelly and Larry Page thought it would fail.
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23/ Point, as with Hinton, isn't "fund Wikipedia", but rather "support many things that will look silly after the fact"...
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24/ Finis.
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Coda: Wikipedia wasn't exactly SV. Funded by Bomis, which was part of the US startup bubble though.
End of conversation
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