Packy McCormick

Take Home Messages

1. A critical niche in the innovation ecosystem once occupied by industrial labs is unfilled.


2. The current innovation ecosystem — academia, startups, and modern corporate R&D — do not cut it.


3. A private organization that riffs on DARPA's model could fill this niche.


4. Private ARPA (PARPA) will de-risk a series of hypotheses and go

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So what happens when work disappears, turning everything into a hobby? A hobby is fun. Many people spend a great deal of time trying to escape work, so they can spend more time on their hobbies. But while they may be fun, hobbies are also at some level always frivolous. They cannot give meaning to a life, precisely because they are optional. You... See more