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Jeff Bezos, quiet innovator

By | June 19, 2012, 5:19 AM PDT

Self-made man — in both the business sense and the public relations one — Richard Branson usually gets all the attention when it comes to being a high-flying, big-dreaming wealthy entrepreneur. Considering his penchant for dressing in space suits, standing in front of aircraft and long, flowing blond locks of hair, you can see how the man matches the message — even when he’s the one giving it.

But a new Wall Street Journal article demonstrates that while Branson is certainly all of these things, he’s not alone in his endeavors. Amazon founder Jeff Bezos — he of free shipping, Kindle e-readers and a laser-like stare that I’ve seen in person — is using his wealth to fund similar, far-out projects, from a “10,000-year clock” to private orbital spacecraft.

Stu Woo reports:

“The reason I’m doing it is that it is a symbol of long-term thinking, and the idea of long-term responsibility,” said Mr. Bezos, who has spent at least $42 million on the timekeeper. “We humans have become so technologically sophisticated that in certain ways we’re dangerous to ourselves. It’s going to be increasingly important over time for humanity to take a longer-term view of its future.”

The clock will ring in the anniversaries of every year, decade, century and millenium; meanwhile, the spacecraft under development by his company Blue Origin intends to shuttle astronauts to and from the International Space Station.

The common thread? Big thinking. Like Branson and other wealthy moguls throughout history, Bezos cares to support big ideas that don’t have an immediate payoff — particularly those that align with an existing interest, such as spaceflight.

In 2010, Bezos gave a commencement address to students at Princeton University, his alma mater.

In it, he said:

Your smarts will come in handy because you will travel in a land of marvels. We humans — plodding as we are — will astonish ourselves. We’ll invent ways to generate clean energy and a lot of it. Atom by atom, we’ll assemble tiny machines that will enter cell walls and make repairs. This month comes the extraordinary but also inevitable news that we’ve synthesized life. In the coming years, we’ll not only synthesize it, but we’ll engineer it to specifications. I believe you’ll even see us understand the human brain. Jules Verne, Mark Twain, Galileo, Newton — all the curious from the ages would have wanted to be alive most of all right now. As a civilization, we will have so many gifts, just as you as individuals have so many individual gifts as you sit before me.

This coming from a self-professed “garage inventor” who developed an automatic gate closer and a solar cooker as a child. How’s that for ambition?

With a hunger like that, Bezos is certainly one to watch. The difference: you’ll have to look carefully, because he’s not that willing to tell you himself.

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Andrew Nusca

About Andrew Nusca

Andrew Nusca is the editor of SmartPlanet.

Andrew Nusca

Andrew Nusca

Editor

Andrew Nusca is editor of SmartPlanet and an associate editor for ZDNet. Previously, he worked at Money, Men's Vogue and Popular Mechanics magazines. He holds degrees from the Columbia University Graduate School of Journalism and New York University. He based in New York but resides in Philadelphia.

Follow him on Twitter.

Andrew Nusca

Andrew Nusca
Andrew Nusca does not hold any investments in the companies he covers.
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THX Andrew - good article !
Good morning Andrew,
I am on a mission to show - what projects and tasks are 'wanted to get built' for the younger people coming out of school.

Younger people want to be creative, want to do stuff, want to get something done...
THX

Don Nagy, 949 258 3451
MARC (Medical Automation Research Center)
Posted by Donald.Nagy@...
19th Jun
0 Votes
+ -
Who stands behind the Warranty?
A 10,000 year clock sounds good but I'll probably only live another 40 years at best. Why would I pay any extra for a clock that will last 10,000 years?

Who is going to provide the warranty service? Few if any companies will be here 10,000 years from now. I used to give a 20 year warranty on products I sold. The company is no longer around. It only lasted 10 years. That makes the warranty worthless.

Give me a regular clock that costs $9.95 and I'll replace it every 10 - 20 years with another $9.95 clock.

Back in the 1980's, Porche determined they could produce an automobile that would last 300,000 miles and give dependable service all that time. With more market research, they found that the average auto buyer didn't want to keep a car that long and would not pay the premium.

At the time, the average full size or next level down car could be purchased for around $10,000 to $12,000. The Porche would have cost $200,000.00.

.
Posted by Frank Ohara
19th Jun
0 Votes
+ -
He's into nuclear fusion too
Bezos has a VC fund that last year invested in General Fusion, a company attempting to get "net gain" from a fusion reaction ??? in competition with the $23-billion, government-funded ITER project in France.
Posted by Mike.mccullough
22nd Jun
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