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The state of healthcare today is that we are busy in the practice of medicine vs. being in the science of medicine.

Vinod Khosla

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Vinod Khosla
Age: 69
Born: 1955
Born: January 28
Businessman
Businessperson
National Capital Region of Delhi
States
Today
Healthcare
Medicine
Busy
Lessons
Practice
State
Science

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How would you compete against yourself?
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I'm not a political person. I'm a techie nerd, and I enjoy the techie part. I mean, all my life, I've loved great technology.
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Doctors can be replaced by software – 80% of them can. I’d much rather have a good machine learning system diagnose my disease than the median or average doctor.
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One of the best things data can enable us to do is to ask questions we didn't know to ask.
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I don’t mind failing, but if I succeed it better be worth succeeding for.
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If I wanted to be a doctor today I'd go to math school not med school.
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The first rule of venture capitalism is hands-on experience. You have to get your hands dirty.
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As for companies invested in the space - I think its important to distinguish between a good investment and a material climate change technology - you can have the first without the second, even in the clean tech space.
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Not thinking it's possible is a failure of imagination.
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Screw up often but screw up ahead of everybody else, and than learn as much, and than use it to make subsequent investments.
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Every big problem is a big opportunity.
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It doesn't matter what your probability of failure is. If there's a 90% chance of failure, there's a 10% chance of changing the world.
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I generally disagree with most of the very high margin opportunities. Why? Because it's a business strategy tradeoff: the lower the margin you take, the faster you grow.
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Entrepreneurs have the flexibility and the ability to do things that large companies simply cannot. Could a large company pull off a trick like Amyris, going from anti-malaria medicine to next-generation fuel?
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Communication always changes society, and society was always organized around communication channels. Two hundred years ago it was mostly rivers. It was sea-lanes and mountain passes. The Internet is another form of communication and commerce. And society organizes around the channels.
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If you're going to re-invent healthcare you have to start from scratch.
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It is important in any population to have an ecosystem around start-up ideas to leverage the most out of them such an ecosystem needs developing and most of this is about giving entrepreneurs confidence.
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Is it 10 years, 20, 50 before we reach that tipping point where climate change becomes irreversible? Nobody can know. There's clearly a probability distribution. We need to ensure this planet, and we need to do it quickly.
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For electric power generation, we are very optimistic about solar-thermal technology, and we’re intrigued by the potential of enhanced geothermal energy to replace coal-based power generation. Traditional carbon capture and sequestration-based coal power generation is somewhat unlikely to be competitive.
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The right way to build a company is to experiment in lots of small ways, so that you have plenty of room to make mistakes and change strategies.
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