Bill Joy eager to invest in energy and materials
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He says it is still better to grow companies in Silicon Valley than in Bangalore or Shanghai.
He's also keen on energy and material start-ups:
I don't think there will be one energy company that's as significant as a Netscape. [But] there may be more than a couple as significant as Google. There's an enormous opportunity for new ventures in the energy field based on new science and new technology. Beyond energy, nanoscale engineering and new chemistry, physics, and biology offer the opportunity to invent new materials we haven't seen before that can do amazing things.
Emphasis ours. (Via Rob.)
http://www.siliconbeat.com/cgi-bin/mt331/mt-tb.cgi/951
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So Bill Joy calls Netscape a more significant company than Google...hello? Perhaps this helps to understand this statement: Those who know will know that Joy tried very hard to get a job at Google during 2001-2002. He interviewed there several times and lobbied hard -- but in a company culture focused on building things that work and fully live up to their promise (unlike Java, Jini, etc.), he just was not seen as a fit. So Joy got quite upset about this rejection of course and he still seems so. Then Netscape of course was one of these flash-in-a-pan Doerr investments (Segway, Friendster, etc. -- anyone has a list?) that went no-where and is not even around anymore today. Once people start defining 'significant' by short-lived buzz and IRR (and 'largest legal wealth creation') rather than the hallmarks of a durable and solid business, there's something wrong. The one thing Google has going for it is that it does look like this is going to be a company that's going to be around for a while...
Fred on December 14, 2005 5:44 PMComment link
