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I totally agree that the American culture is a huge factor. It's as though this article has it backwards, that because there was money, there were risk takers.

I totally agree that the American culture is a huge factor. It's as though this article has it backwards, that because there was money, there were risk takers. But I believe that the culture of willingness to risk is the driving force behind the money and the driving force behind much of that nation's successes. Fortune favours the bold. Secondarily, as public money from governments and money from large corporations dry up, innovation and risks are taken on by other parties. The article completely avoids crowdsourcing such as Kickstarter campaigns, an example of innovation being Oculus and their Rift. As the cost of innovating decreases, innovation decentralization increases.

L_Rahman 11y ago
Funny you mention Oculus as an example of non-funding driven innovation: > In 2011, Luckey got a dream job working as a technician at the Mixed Reality Lab (MxR) at the University of Southern California's Institute for Creative Technologies (ICT). There, he had a chance to cross deep into VR territory. On Sept. 25, he posted the following on MTBS3D. [These excerpts are condensed and lightly edited.] He described the experience in a 1500-word narrative titled "Truly immersive (AKA "Holy crap this is real") VR simulation." via: http://www.popularmechanics.com/technology/gadgets/a12956/palmer-luckey-and-the-virtual-reality-resurrection-16834760/ http://www.popularmechanics.com/technology/gadgets/a12956/pa...
- rocky1138 11y ago
  That's really interesting! But do you believe Luckey would not have worked on VR if it were not for the job at MxR? I believe he would have, though it might have taken him longer or he may have taken a different path. The innovation stems from Luckey and the culture of risk and it's given a chance to flourish easier through funding than without. Besides, I was saying that other means have become available as the cost of innovating has been cut, sometimes by orders ot magnitude. Kickstarter, specifically, has replaced a lot of traditional public or large corporation outlets for funding.

L_Rahman 11y ago

Funny you mention Oculus as an example of non-funding driven innovation: > In 2011, Luckey got a dream job working as a technician at the Mixed Reality Lab (MxR) at the University of Southern California's Institute for Creative Technologies (ICT). There, he had a chance to cross deep into VR territory. On Sept. 25, he posted the following on MTBS3D. [These excerpts are condensed and lightly edited.] He described the experience in a 1500-word narrative titled "Truly immersive (AKA "Holy crap this is real") VR simulation." via: http://www.popularmechanics.com/technology/gadgets/a12956/palmer-luckey-and-the-virtual-reality-resurrection-16834760/ http://www.popularmechanics.com/technology/gadgets/a12956/pa...

rocky1138 11y ago
That's really interesting! But do you believe Luckey would not have worked on VR if it were not for the job at MxR? I believe he would have, though it might have taken him longer or he may have taken a different path. The innovation stems from Luckey and the culture of risk and it's given a chance to flourish easier through funding than without. Besides, I was saying that other means have become available as the cost of innovating has been cut, sometimes by orders ot magnitude. Kickstarter, specifically, has replaced a lot of traditional public or large corporation outlets for funding.