Intellectual Ventures founder and modern day Merlin Nathan Myhrvold explains why it costs a lot of damn money to create new ideas. Hint: Think Hollywood. [Eureka on Gizmodo]
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DISCUSSION
You guys really need to stop giving this dude a free pass. He's pretty clearly not in the business of making money, with a 10 year track record of -68-73% return (I've seen a range of figures). It does, however, cost a great deal of money to buy up patents and then employ teams of lawyers to go out and find companies "infringing" on them. Protection rackets aren't cheap, you know.