Peter Thiel and Andy Kessler on the state of technology and innovation

It takes 1.3 billion dollars to get though the FDA process.

Andy Kessler on the other hand, states that innovation on the computers' and digital fronts (citing Moore's Law amongst other things) is not something you should easily discard as non-innovative. He goes back to the discovery of oil in Philadelphia during the 19th century and the creation of a massive industry in the following decades.