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" ... Jurvetson: I think with a premise of accelerating change you would be inconsistent if the amount of innovation weren’t compounding. And I think sometimes from investors you’ll get a referendum about how they’re feeling about their portfolio, which is a backward-looking measure, and how enthusiastic they’re feeling in the moment, which is kind of bizarre. And when you look at the things we’ve seen this week, if I were to try to give you a quality judgment, well I may be wrong. I’ll invest in a tiny fraction of what I see and I don’t follow up, and I don’t know who failed and who succeeded, but most fail, and so the quality metric is harder. So if I use the proxy, like how many ideas are unlike anything I’ve ever seen before, that to me is a good innovation metric. And that seems to keep compounding and diversifying. So I started in this industry in ’95 and it was all software, healthcare, and semi-conductors. That was pretty much it. And then datacom and telecom and the Internet happened. But today, it’s agriculture, rockets, cars, drones, robots, AI. I mean it is a set of industries I never would have imagined would even be on the plates or the radar screen of any venture capital investor, because there was no historical precedent for being in these industrial industries of energy and like it’s just bizarre. Trillion-dollar industries, global industries. When I started we just looked at US businesses selling to US customers. It isso different today, just nineteen years later, which is like an eternity. That if we step back and look at the arc, it feels like exponential progress in the pace of innovation. ... "