Liked this interesting story on Unilever’s list of innovation “wants.” These range from super serious, world-challenging issues (“safe drinking water”) to rather less dramatic problems that are clearly important for Unilever (“amazing toothpaste”) but represent what will likely be a common use of open innovation tactics to solve problems.
Also loved the new, world-record-winning Rube Goldberg machine (video above.) Incredible design and nerdily adorable.
Facebook bought photo-sharing app, Instagram, for a billion dollars. Or, as NYT reporter Jenna Wortham put it: “Instagram, an Internet start-up in San Francisco, has no revenue and about a dozen employees. It has not yet celebrated its second birthday. But to Facebook, it is already worth a billion dollars.”
Overlooking the fact that the Peter Thiel teaching at Stanford is the same Peter Thiel who paid 20 kids $100,000 to drop out of college and start a business, PayPal co-founder Thiel’s computer science course has started, and student Blake Masters took detailed notes. Some great quotes here, including a fun paraphrase of Tolstoy: “all successful companies are different; they figured out the 0 to 1 problem in different ways. But all failed companies are the same; they botched the 0 to 1 problem.”
Piers Fawkes at PSFK asked me to opine on what constitutes good service these days. Given that I loathe shopping, this was rather harder than it should have been, but an interesting exercise all the same.
And finally, a good video of Tal Golesworthy describing how he dealt with Marfan Syndrome, a heart condition affecting the ascending aorta. Disinterested in the traditional treatment, which requires long surgery, the installation of a plastic valve, and a lifetime of anti-coagulation therapy and antibiotics, Golesworthy decided to treat himself as a “planning problem” and set out to change the entire treatment. He did it, too.