Behind The Easy Money

Nathan Myhrvold, former CTO at Microsoft, on Facebook success:

The old Silicon Valley was about solving really hard problems, making technical bets. But there’s no real technical bet being made by Facebook or Zynga

What bothers me is the zillions of wannabes who will follow along and the expectation that every company ought to be focused on doing really short term, easy things to achieve giant paydays

If we distract people with the lure of easy money with making companies that don’t solve anything hard, we’re going to wind up derailing the thing that has been driving our economy

Newsweek, Oct 11, 2010

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