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We're gonna go out to California because it's -- final day of our special series three days in the valley Liz claimant.
Talk to the man who made Hotmail -- contain there and Skype all possible and Liz out in California hi Liz.
Hi guys yes here we are at Xerox's Palo Alto Research Center so many ideas have come out of this place.
Into the computer battles here decades ago they've done so many things so it's only appropriate that we talked to the big idea thinkers the big company leaders.
And even the small ones who haven't even come on your radar screen who have a bunch of ideas -- what do you need to make all that happen.
Money and that comes from venture capitalists like my next guest steadier but that he is partner at Draper Fisher -- nice to have you here thank you.
-- -- everybody talks about the next big thing in Silicon Valley well one of the next big things is actually tiny nano technology which in the wild now has been grabbing the VC money but.
It's caught your attention.
As an engineer you -- at Hewlett-Packard for seven you know for many years and you had seven of your chip designs actually go to application.
And you're looking even smaller than tiny microchips -- -- That's right we trip she -- it's an investment and planning and a tech companies as we call them.
They're in different businesses but they're going after the science of the very small and to give you sense of this.
If you think -- the entire history all transistors -- made inside of our -- They're more molecules in one drop of water and all those transistors in the next generation of chips by these nano tech companies they're using single molecules in many cases as a memory element -- as -- transistor.
So the chips for the future and our computers and iPods instead of having silicon -- some cases have molecules some of the -- -- side.
That are incredibly lower power higher speed and lower costs in the manufacturing process is quite simple -- splash it's -- in your gun itself assembled.
Place it just sounds to me what the possibilities are endless when it comes to nanotechnology.
-- -- our viewers about some of the wildest.
Ideas in your imagination of where these applications could come to fruition sure.
In the near term the coming to fruition electronics and solar cells and batteries and elderly are fairly -- products in the bit distant future.
We are actually re engineering life forms from scratch we -- creating artificial animals.
And this is a form called the signs of synthetic biology in is and down a related -- and then technology where you literally are moving all the DNA of -- living single celled organism putting an artificial bungle.
A DNA and having to do something useful like make ethanol review panel chemicals -- interest of fuels.
To consume sugars and other fees that's an inexpensive but the key -- mind bending and Diebler for all this is the ability -- to -- the -- life what -- -- And -- execute the program for you like it was computer science.
This all takes time just how long are you willing to wait have you already started to see some return on your venture capital money on us.
Yes in the early category of nano technology in general we have had companies acquired home by AMD and others and we make money on -- now tech investments when you're asking about the distant future.
Those are -- -- the last three investments -- detonator in that area in those companies are as we speak doing this research and I printed in the next year first artificial life.
We talked to your partner Tim Draper yesterday and and he's very proud of the fact that he coined the phrase viral marketing -- you coined this phrase disruptive technologies.
Explain to our viewers what that means -- you envision disruptive technology and why we need.
Right attitude to me it's like candy it's the thing we look for and the reason is that if it weren't for some disruption in -- market.
There would be no reason for -- company to exist right if you're competing with a large incumbent business on their playing -- you're gonna lose you have very little money wants her to be your small company.
But something's dramatically changing like new technology where deregulation of -- market or in channel distribution like Internet.
-- you have a chance of new entrants redefine how the games played the -- expected Hutton when many others.
It's -- we seek disruption it may sound negative to big company but it's a positive small companies if that creative fields corruption degree temperature you look.
For the company shaking at all -- Feature but -- of Draper Fisher Jervis and always a pleasure to speak with you and see what you -- training your ion thank you very much thank you.
I want to send it back to Cheryl in Manhattan you've been talking to some big weight yourself.
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