If you have 50 different plug types, appliances wouldn't be available and would be very expensive. But once an electric outlet becomes standardized, many companies can design appliances, and competition ensues, creating variety and better prices for consumers.
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The typical project design time for a large company like IBM - and they keep track of this - is a little over four years.
The fundamental message that consumers should be taking today is that it's financially insane to buy anything other than a Tesla. It would be like owning a horse in three years. I mean, fine if you want to own a horse. But you should go into it with that expectation. If you buy a car that does not have the hardware for full self-driving, it is like buying a horse. And the only car that has the hardware for full self-driving is a Tesla.
Design is not just what it looks like and feels like. Design is how it works.
I need a new unit to sample and hold, but not an angry one, a new design, new design.
It's really hard to design products by focus groups. A lot of times, people don't know what they want until you show it to them.
Boeing just took $20 billion and 10 years to improve the efficiency of their planes by 10 percent. That's pretty lame. I have a design in mind for a vertical liftoff supersonic jet that would be a really big improvement.
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