The Black Swans of Energy Invention

Title: The Black Swans of Energy Invention
Date: 2008-10-22
Speaker: Vinod Khosla (Khosla Ventures)
Link: Entrepreneurial Thought Leaders
You can’t be reasonable and do unreasonable things.
Try and fail but don’t fail to try.
Almost anything you can imagine you can do. You just need to try hard enough.
Technology needs to get to relevant scale at relevant cost.
Adoption risk matters.
Separate what really matters (what is material) from what is just feel-good stuff.
You can save 10 tons of carbon a year by painting a small area of your roof white.
CCS: Carbon Capture and Storage
The only way to predict the future is to invent it.
There are positive black swans and negative black swans.
Black swans are retrospectively predictable.
Without a big problem nobody pays you to solve it.
Solve the 80%. That is where the big opportunity comes from.
Look at reality rather than stock prices.
If you build something people want to use then rest will take care of itself.
No matter what scale you look at the power of entrepreneurship and ideas works.
Building on other people’s ideas is a central component of making progress.
Don’t accept conventional wisdom blindly.
Efficiency isn’t cost effective or not. It depends on for what.
People who get into entrepreneurship to make money are generally not as successful as people who get into entrepreneurship because they believe in their mission.
It is the missionaries, not the mercenaries, who are really successful.
If you believe in what you’re doing you’ll sell your heart out. You’ll convince people to join you.
There is no entrepreneurial effort that doesn’t run into problems.
Generally unless you’re big you don’t have impact. Having a global impact means you’re big in some way.
The difference between $0-$1,000,000 and $0-$1,000,000,000 is all about the attitude.
The world doesn’t work from the top down.
The world works from the bottom up.