Former Google CEO Eric Schmidt listed the ‘3 big failures’ he sees in tech startups today

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Eric Schmidt, the former CEO of Google, gave the Centre for Entrepreneurs lecture in London this week.

In a draft of the speech, seen by Business Insider, Schmidt outlined what he sees as the three big market failures holding back tech entrepreneurship today.

He said tech startups need to be more diverse, less product driven, and more willing to partner early.

Former Google CEO Eric Schmidt has listed the three “big failures” in tech entrepreneurship around the world.

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Former Google CEO predicts the internet will split in two — and one part will be led by China

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Speaking at a private event hosted by Village Global VC yesterday night, tech luminary and former Google CEO Eric Schmidt predicted that the internet will bifurcate into Chinese-led and US-led versions within the next decade.

Under Sundar Pichai’s leadership, Google has explored the potential to launch a censored version of its search engine in China, stirring up controversy internally and outside the company.

Eric Schmidt, who has been the CEO of Google and executive chairman of its parent company, Alphabet, predicts that within the next decade there will be two distinct internets: one led by the U.S. and the other by China.

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Accept Uber-style disruption or face unemployment: Eric Schmidt to the European Union

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Google Chairman Eric Schmidt

Eric Schmidt, Google’s Chairman, wants to play nice with the European Union, but he isn’t about to give in to calls for regulation. “Europe needs to accept and embrace disruption. The old ways of doing things need to face competition that forces them to innovate,” he wrote in an op-ed for Digital Minds for a New Europe, the European Commission’s new tech series. “Uber, for example, is shaking up the taxi market — for the good. It offers riders convenience and cheaper fares. Understandably, the incumbent taxi industry is unhappy.”

 

 

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Eric Schmidt calls for regulation of private drones

Private drones have the potential to invade privacy.

Google’s Eric Schmidt went on record saying last week that cheap, miniature “everyman” drones should be banned by international treaties. Schmidt wants to keep such devices from falling into the hands of terrorists, but he also worries about their potential to invade privacy. Let’s say, for example, you were having a dispute with a neighbor. “How would you feel if your neighbor went over and bought a commercial observation drone that they can launch from their back yard. It just flies over your house all day,” Schmidt asked. “How would you feel about it?”

 

 

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Eric Schmidt urges action to regulate mini-drones

Warning of mini-drones’ potential as a terrorist weapon.

Eric Schmidt, the influential head of Google, has called for civilian drone technology to be regulated, warning about privacy and security concerns.  He told the UK’s Guardian newspaper that cheap miniature versions of the unmanned aircraft used by the military could fall into the wrong hands.

 

 

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Google buys one company every week

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Eric Schmidt says that Google is actually acquiring around one company per week.

Eric Schmidt, Google’s Chairman,  just took the stage at the Le Web conference to talk about Android, the search giant’s expansion and more. When he was asked about why the search engine hadn’t acquired any French companies, Schmidt jokingly commented on stage that Google was now buying around one company a day.

 

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Eric Schmidt on Strategies and Solutions for Energy Security

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 Cutting through the energy fog

Eric Schmidt speaks at a Natural Resources Defense Council event held at Google NYC. The topic for the evening was “Partnership for the Earth: Strategies and Solutions for Energy Security. Second video after the jump.

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The Transformative Nature of Burning Man

The Transformative Nature of Burning Man

Burning Man – An event that will change your life

Burning Man began in 1986 when Larry Harvey – ex-bike messenger, ex-cab driver, and landscaper of abnormal gardens – burned a home-made human effigy on a San Francisco beach with 10 people looking on. Twenty years later, Burning Man is a festival with 50,000 participants from all over the world, with an annual budget of over $10 million. Amazing photos after the jump.

The DaVinci Institute will be hosting a special event on the “Transformative Nature of Burning Man” on July 7th. (Pics)
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