is now finding ways to do materials science in the garage.

I happen to be connected with several companies,

basically started out in garages,

that do fundamental work in material science.

And how do we do it? We kind of use cloud computing.

We actually grab electron scanning microscopes on the 'net

and ten or 20 people can make this company actually work,

which is, you'll also know,

that means I don't have to spend my precious funds in Series

A or angel funding in order to buy infrastructure.

I actually pay for it as I use it,

and I kind of reach up there and pull what I want.

I just came from spending the day with Singapore.

Singapore now expects to start a company with $50,000

all based on the use of the clouds.

Now, they get a lot for $50,000 but just think about what this means.

I saw 40 new companies that have been started in

that little nation state the last year or so.

So this game is changing, and we have to think about,

in terms of being entrepreneurials,

how we might use social media to be able to spread some of this.

How social media and tacit knowledge might actually work together,

and how cloud computing might change the game.