Elting Morrison makes the point that the modern naval gunnery was enabled by the intersection of metallurgy advances that could build longer strong gun barrels giving improved range, improved optics so that you could see and range find what you were aiming at since it was a mile or more away, an elevating gear to compensate for the rolling motion of the deck.
Together these three inventions enabled a continuous aim firing method that saw 175x increase in the rate of effective fire in 6 years: "After twenty-five minutes of banging away, two hits had been made on the sails of the elderly vessel. Six years later one naval gunner made fifteen hits in one minute at a target 75 by 25 feet at the same range–1600 yards; half of them hit in a bull’s eye 50 inches square."
In terms of where Joel is willing to put his money where his mouth is, he's said again and again that he doesn't believe in building a better mouse trap.
The operating principle is to hire turbogenius ninja SWAT team superduper geniuses who, for some reason, will work for you instead of earning 3-5x more by being independent consultants.
"The combination of "seems impossible" and "strong network effects" is about as close as you can get to the magic formula for incredible, sustainable success, as with eBay, Wikipedia, and Google."
Elting Morrison makes the point that the modern naval gunnery was enabled by the intersection of metallurgy advances that could build longer strong gun barrels giving improved range, improved optics so that you could see and range find what you were aiming at since it was a mile or more away, an elevating gear to compensate for the rolling motion of the deck.
Together these three inventions enabled a continuous aim firing method that saw 175x increase in the rate of effective fire in 6 years: "After twenty-five minutes of banging away, two hits had been made on the sails of the elderly vessel. Six years later one naval gunner made fifteen hits in one minute at a target 75 by 25 feet at the same range–1600 yards; half of them hit in a bull’s eye 50 inches square."
I had included it in a longer blog entry about Paul Saffo speaking on forecasting technology http://www.skmurphy.com/blog/2007/08/28/paul-saffo-on-foreca...