Over the weekend, Google co-founders Sergey Brin and Larry Page sat
down for a rare joint public interview with venture capitalist Vinod
Khosla, in which the three billionaires reminisced about how Brin and
Page nearly sold their groundbreaking search technology to Excite for
$1.6 million in 1999 (Google's market capitalization is now $392.7
billion), speculated on how self-driving cars could change the way we
live (there are "policy risks," said Brin), and discussed how Google
rewrote the rules on mission creep ("ideally, the company would scale
the number of things it does with the number of people in a linear
fashion," said Page).
But why isn't the company devoting more of its innovation firepower
to the wildly inefficient U.S. health care industry, which hogs about
18% of GDP? Brin explained:
Generally, health is just so heavily regulated. It's just
a painful business to be in. It's just not necessarily how I want to
spend my time. Even though we do have some health projects, and we'll be
doing that to a certain extent. But I think the regulatory burden in
the U.S. is so high that think it would dissuade a lot of entrepreneurs.
Continue:
http://reason.com/blog/2014/07/08/googles-l
