Nathan Myhrvold (Intellectual Ventures Co-founder) – Social Venture Partners Seattle (Dec 2012)


Chapters

00:00:10 Inventing Miracles: The Power of Technology to Improve Lives
00:05:33 Innovation for the Bottom Billion
00:10:21 The Importance of Embracing Failure in Technological Innovation
00:14:03 Risk-Taking and Innovation for Social Good
00:16:32 Novel Vaccine Storage Solutions for Underserved Regions
00:20:33 High-Tech Ideas for Solving Global Challenges

Abstract

Harnessing Technology for Global Impact: The Vision of Nathan Myhrvold

Revolutionizing Energy and Culinary Arts

Nathan Myhrvold’s groundbreaking work spans from developing an experimental nuclear reactor capable of utilizing nuclear waste as fuel to revolutionizing culinary arts. His team’s reactor, if successful, could potentially provide enough energy to power every home in the United States for 1,000 years, offering a potential solution to energy crises. The world currently lacks reliable carbon-free energy sources that operate 24/7. In the culinary world, Myhrvold’s Modernist Cuisine cookbook, born out of extensive research and experimentation, is reshaping food science and cooking techniques. Myhrvold spent five years creating this six-volume cookbook exploring food science and culinary techniques. There is also a more compact, 684-page volume for home cooks called “Modernist Cuisine at Home.” His lab in Bellevue, Washington, serves as a test kitchen for the cookbook and other projects. High-speed cameras capture the intricate processes that occur during cooking, providing a unique perspective on food science. For example, popcorn kernels explode due to the rapid expansion of water vapor inside them. Zesting an orange releases flavorful oils, which are highly flammable.

Technology for the Bottom Billion

Myhrvold’s focus isn’t limited to affluent markets. He advocates for leveraging technology to uplift the “bottom billion,” emphasizing the disparity in technological advancements that often overlook the impoverished. The technology industry often focuses on creating tools and toys for the wealthy, neglecting the needs of the impoverished majority. Highlighting malaria as a disease exacerbated by poverty, Myhrvold challenges the tech industry to innovate for global good. Malaria is a disease closely linked to poverty, with a prevalence below $5,000 per capita income. Healthcare, organized society, and mosquito breeding programs contribute to the eradication of malaria. The Occupy Movement highlighted the wealth gap within the United States, but the global perspective reveals that the “99%” in the US is actually the “14%” globally. 2.5 billion people live on an average income of $2 a day, facing severe hardships, including malaria.

The Global Good program, run by Myhrvold’s company, Intellectual Ventures, focuses on inventing for the bottom billion. It operates on a pro-bono basis, with the potential for rich-world applications of successful ideas. Early adopters are individuals willing to purchase new technologies despite their potential flaws. Leveraging the rich world as early adopters can help bring innovative ideas to market. Nathan Myhrvold estimates his batting average as an inventor to be around 40%, meaning 96% of his ideas do not work. Despite this, he believes in the power of ideas and the importance of taking risks to find innovative solutions. The success of an invention lies in the power of the idea, not the number of attempts or failures. Inventors should focus on generating impactful ideas rather than fearing failure.

Learning from Failure

Embracing failure is central to Myhrvold’s philosophy. He parallels the journey of inventors to that of baseball players like Miguel Cabrera, where a low success rate is not only acceptable but expected. This perspective encourages risk-taking and persistence in the face of setbacks. Myhrvold emphasizes that embracing failure is crucial for innovation. By accepting failures, innovators can learn from mistakes and discover valuable insights.

Innovative Ventures in Global Health

Myhrvold’s Global Good program epitomizes his commitment to invention for humanitarian purposes. One notable achievement is the development of a passive cooling device for vaccines, overcoming significant logistical challenges in developing countries. By breaking away from restrictive cost constraints and regulatory hurdles, his team has created a solution with the potential to save countless lives. Expanding beyond conventional approaches, Myhrvold’s team has also explored cryogenic solutions for vaccine storage, drawing inspiration from lab technologies. Their projects range from milk pasteurization to mosquito control, demonstrating a willingness to tackle a wide array of challenges, even if it means facing failure. Malaria was prevalent in the United States as recently as 1935, with half a million cases per year. Malaria-carrying mosquitoes are found in Washington state, indicating that it’s not exclusively a tropical disease.

The development process of the vaccine cooler involved exploring various approaches, including solar-powered refrigerators, before arriving at the current design. The iterative refinement was guided by testing and feedback from field teams in Africa. The vaccine cooler meets the WHO’s specifications for mobile refrigerators, but exceeds the cost limit of $100. Despite this, it has the potential to significantly reduce vaccine spoilage and prevent preventable deaths in developing countries. The design challenges conventional approaches and demonstrates the importance of breaking rules to find innovative solutions.

The Role of Technology in Shaping a Better World

Nathan Myhrvold’s work is a testament to the transformative power of technology and invention. His endeavors span various fields, each aimed at not just advancing human knowledge but also addressing pressing global issues. His emphasis on learning from failure, embracing risk, and breaking conventional boundaries serves as an inspiration for future innovators. By challenging the status quo and focusing on the needs of the most impoverished, Myhrvold’s vision presents a compelling blueprint for harnessing technology for the greater good of humanity.


Notes by: MatrixKarma