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This is interesting and I would like to hear it discussed on the list, so, as per suggestion, I am forwarding it.
Nick
Nicholas S. Thompson
Emeritus Professor of Psychology and Ethology,
----- Original Message -----
Sent: 6/4/2009 11:08:41 AM
Subject: Fw: [FRIAM] Kyield
----- Original Message -----
Sent: Thursday, June 04, 2009 10:47 AM
Subject: Fw: [FRIAM] Kyield
----- Original Message -----
Sent: Thursday, June 04, 2009 10:45 AM
Subject: Re: [FRIAM] Kyield
I unsubscribed from the list Pamela, so if you want it posted, you will need to do so. I've invested a great deal to this topic with no return of any kind (psychological or financial), including in NM and AZ.
SF is a great place to live-didn't fail me- it was about what I expected- actually a bit better than we expected from a quality of life perspective. Our primary reason for moving here was not for the business- I just brought Kyield with me, offered to the community (NM actually), and tested the response. I found a lot of good people with good intentions, many advocates, and the normal egos in research institutions- all are in fact barriers to entrepreneurs and economic output, despite the populist hyperbole that suggests otherwise.
Hopefully I can share nothing that this group doesn't already know. The culture has been very effective in attracting funds from external sources for research and non-profits, but has failed fairly dramatically in providing investors an ROI in technology ventures. A few trips to the local gathering place- even those funded for ED, and one very quickly finds a culture that detests what makes for sustainable tech business, generally. So it has been a great place for researchers apparently- quite the opposite for investors.
The cultural problem surrounds most R&D centers over the past decade, although few if any have a ratio of R&D to commercialization as poor as NM. Tucson and UofA is a similar culture- many others. Prior to the state VC fund, NM did have a valid argument for being underserved- CA strategic investors play hardball, and very often lie about it, but it's also true that like in AZ external investors were burned often. Now that NM has sufficient funding, albeit in the form of a state fund, it will be interesting to see the results--venture capital generally is in trouble due to global supply and demand dynamics. The supply has risen enormously while there has been a massive change in global competitiveness.
Neither Friedman or Florida have it quite right- they aren't as close to the issues as many of us. The Brookings institution has it a bit more correct- at least what I saw privately before publication, but all have too much invested in a certain ideology and outcome for my purposes. Suffice to say that our macro problem in the U.S. is one of a culture that has become acclimatized to subsidies- credit in the consumer market, research dollars in academia, retirement funds & investment on super leverage, and even a government based on bubbles and borrowed money.
An interesting if rare piece, and not nearly deep enough- is here on the topic-
So we have both global and regional issues to deal with, as well as industry and adoption barriers. Enterprise SW and communications, without all these other issues, is one of the most challenging, in part because it's also the most sought after and defended.
Long story short, and no I am not sharing a good deal for competitive reasons, in order to have a high probability of success in this particular venture and sector, like all others there is quite a list of essential ingredients that need to exist or be created.
NM has more than it did ever before, and may be competitive in other sectors that have different needs, but I don't use the word essential lightly- miss just one and the venture fails. I could be wrong of course, and someone else may be better suited to achieve at least one of the missing essentials, but that still leaves two others by my estimate.
Hope this helps- MM
----- Original Message -----
Sent: Thursday, June 04, 2009 9:04 AM
Subject: Re: [FRIAM] Kyield
Mark, your statements are provocative (that's a good thing) but I'd like a little more explicit detail. Where did Santa Fe go wrong for you? What's the possible solution(s)?
Pamela
On Jun 4, 2009, at 4:01 AM, Mark Montgomery wrote:
The culture is the most important aspect of converting science to usefulness, and creating wealth, which is what our economy depends on- more than any other in fact (U.S.- SF is very dependent on wealth creation elsewhere). I've been an integral part of the best work in the world on the topic for over two decades- entrepreneurial culture, so it's foolhardy not to listen. Several dozen other states and countries have listened- not so much the U.S. Every dollar invested at LANL, SFI, etc. can be traced to that culture, albeit elsewhere in the U.S. primarily.
The primary reason for sharing is for the benefit of the members. I am taking home my marbles- or rather not willing to invest in commercializing technology a market dominated by subsidies and theory where the business culture isn't competitive. So what I am saying in part is that the priorities in Santa Fe are misaligned to its needs in the fast changing world, or its strengths, but then so too is the country it sits in, so it's not unusual in that regard. More subsidies won't change the culture, but actually reinforces it.
Beyond that, since this community is about software and complexity, which is at the core of Kyield, perhaps someone knows someone who is interested and qualified. I suspect that the license will go to a giant, but we'll give others a chance first.
-MM
----- Original Message ----- From: "Nicholas Thompson" < [hidden email]> Sent: Wednesday, June 03, 2009 8:51 PM
Subject: Re: [FRIAM] Kyield
Mark,
Two questions:
What do you mean culture?
And, why are you telling us: it feels like you are taking home your
marbles.
Nick
Nicholas S. Thompson
Emeritus Professor of Psychology and Ethology,
[Original Message]
To: The Friday Morning Applied Complexity Coffee Group < [hidden email]> Date: 6/3/2009 6:56:08 PM
Subject: [FRIAM] Kyield
Hi folks,
After testing the local market over the past several months, in
combination
with where my wife and I are in life, and knowing what it takes to be
globally competitive-- I've made the decision not to build out Kyield in
Santa Fe. The science here is reasonably well matched, but not the
culture
for this kind of business.
Kyield is a holistic enterprise software and communications system that
is
designed to increase meritocracy in the workplace, reduce information
overload, improve innovation, and allow the individual and org to manage
the
knowledge yield curve for their specific needs- patent-pending.
Architecture
can be functional/written on any major platform, although I have
personally
been a bit biased towards semantic web standards. Five thousand of the
world's largest organizations have consumed everything we have made
public,
so we have a bit of interest.....
Created a license faqs doc and am sharing with my entire network in case
anyone is interested:
Mark Montgomery
Santa Fe, NM
Founder- Kyield
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FRIAM Applied Complexity Group listserv
Meets Fridays 9a-11:30 at cafe at St. John's College
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FRIAM Applied Complexity Group listserv
Meets Fridays 9a-11:30 at cafe at St. John's College
============================================================
FRIAM Applied Complexity Group listserv
Meets Fridays 9a-11:30 at cafe at St. John's College
============================================================
FRIAM Applied Complexity Group listserv
Meets Fridays 9a-11:30 at cafe at St. John's College
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