The new Nobel Prize in Physiology or Medicine was given to Katalin Kariko and Drew Weissman, and this has drawn a lot of media attention to the fact that the two encountered several skepticisms during their study and that their fruitful collaboration began as an accident encounter in the copy room. never during a Zoom meeting. The Wall Street Journal notes that” Pair met with questions, then get Nobel Prize.”
Great accomplishments in the face of scepticism are more frequent than most people realize in my profession in technology development and investing, and they serve as the foundation for my conviction that it is crucial to support the work of gifted, creative people who are free to follow their intuition. & nbsp,
My experience has included both private equity funding management of technology product and service organizations and managing a top experiment, the RCA Laboratories. I’ve discovered that exceptional artistic people who can solve problems that people find impossible to solve consistently produce great results. & nbsp,
However, for concepts must be carried out with excellent performance that quickly resolves blocking issues. This & nbsp was true in my experience in other fields as well as in the Nobel-winning technology that made mRNA vaccines possible. The great entrepreneurs may execute their ideas with equal excellence. Success is made possible by fantastic management team led by outstanding leadership in this area. & nbsp,
The development of color tv at the RCA Laboratories encountered numerous obstacles in its ability to produce three-color digital photos, and unfeasible solutions were put forth. One person saved the job by coming up with a workable solution.
Integrated circuits chips in semiconductors did a bad job of dissipating the heat produced by switching. One scholar created the CMOS( comparable metal-oxide-semiconductor ) architecture, which eventually became business standard and then enables billions of devices on a device the size of an enormous thumbnail– as well as smartphones with the features we desire.
My work in semiconductor and nbsp lasers was immediately discouraged because of earlier findings that the devices would be destroyed by the great currents required for lasing. My job, along with others’ and nbsp’s, eliminated the root of the problem, and laser have been in use for a long time. & nbsp,
Every instance I’ve given these involved exceptional development that put ideas on the market after the initial contribution. & nbsp,
I could give numerous instances from my trading career where people made advances possible. My favorite development is the development of Ethernet contacts.
The transfer of electronic computer information on common twisted-pair copper lines used in digital telephone systems was modeled by two engineers working on their own projects. There was a lot of doubt about the viability of for transportation. Their research demonstrated how software may get around significant phone network and nbsp limitations and enable the transmission of great digital data rates.
Level One Communications was established( and supported by us ) and nbsp, which under the direction of Robert Pepper rose to become the industry leader in Ethernet bits before Intel bought it. Systems is now widely used.
That these laureates’ function is receiving so little consideration makes me happy. They serve as a reminder that commissions don’t create something. When given the freedom and resources to complete the deemed impossible, brilliant people do. & nbsp,
Technologist, engineer, writer, and lifelong private equity investor Henry Kressel.