David O. Sacks Quotes

the skilled immigrants will be long gone. They’ll be back home building the next Googles and Intels in other countries, and we will wake up 5 years from now and wonder how we let this happen.

India will not be at the center - it will be the center of this fourth technology shift.

When you look at the actual data on technological innovation, one thing you see is that what I call the 'low-hanging fruit' has been exhausted. So radio, flush toilets, electricity, and automobiles - a lot of very basic inventions - have spread to almost all households.

Every great invention takes a livelihood away from 50,000 men--& within ten years creates a livelihood for half a million.

The No. 1 country in the world to do business in is which one? To locate where you want to create jobs, where you want to have a great market? It's Canada. Even in Russia, you can build a Silicon Valley outside of Moscow.

One thing about technology is that there's always a win, place, and show, and everyone else goes under.

To ensure that the free world continues to set the rules of the road in the global economy, America and its allies must work together to continue to be the world's centers of innovation and technological advancement.

Back in the 1980s parts of our country were devastated by de-industrialisation. This wave of globalisation and the first fruits of technological innovation destroyed industrial jobs or exported them to low-wage economies. The loss of work had a devastating impact.

Every time there is a major shift in technology, it's been hugely exciting and scary at the same time. I have seen some really drastic changes in technology, like shooting only film to video to digital.

It's like when IBM drove a lot of innovation out of the computer industry before the microprocessor came along. Eventually, Microsoft will crumble because of complacency, and maybe some new things will grow. But until that happens, until there's some fundamental technology shift, it's just over.

Technological revolutions are very hard to predict. My favourite example is someone in 1850 taking care of horses as a farrier. They would have said, "Look, horses have been part of human existence for 5,000 years. We are horse people. It's permanent." But all of a sudden, the internal combustion engine comes along and, with it, oil fields and automobiles, which basically replace the horse completely. So we often have these long periods of stability and then a sudden inflection point.

Technology's always taken jobs out of the system, and what you hope is that technology's going to put those jobs back in, too. That's what we call productivity.

We love serious technology innovations, and there is a strong bias towards large technology innovations that are sort of disruptive to the current market.

With any advent in technology, any technological innovation, there is the good and the bad.

The next great technology revolution might be around the corner, but it won't automatically improve most people's lives. That will depend on politics, which is indeed ugly but also inescapable.

Technology business increasingly becomes difficult to predict because technology itself is accelerating in change, and human nature and markets are more stagnant and static. But the dynamic engine of technological innovation continues unabated.

Technological change always accelerates. It never stagnates over time. Which means we are going to face the fact that, if nothing in the States changes, we will find ourselves dependent on other countries for almost everything that can and will be manufactured in a quickly approaching future.

We need strategic strength for our industry, technology and innovation, a sense of security for our European citizens and common foreign and security capabilities to defend our interests.

As one of the leaders in the world for AI, I feel tremendous excitement and responsibility to create the most awesome and benevolent technology for society and to educate the most awesome and benevolent technologists - that's my calling.

I've been all over meeting government ministers and such in Caribbean financial circles. There's a small blockchain movement in the Caribbean. They've been quite a bit more advanced than you might've imagined.

We can trust technology to effect change - that's a given.

We adapt to technological progress by raising our minimum standards of living and working to stay above this rising threshold.

I'm an entrepreneur trying to let the American people know that it's not immigrants that are causing economic problems, it is the fact that our economy is advancing in ways that is making human labor less and less essential.

If we choose to ignore science and refuse to fund important scientific research, we voluntarily cede our place as a world leader in innovation.

While other countries have been securing large export deals, American companies have been placed at a competitive disadvantage - forced to compete globally with one hand tied behind their back.