1) Effective ROI can translate (scarce) user time slices to a successful business not subject to ("industrial") models. Put in terms of an OS, Dr. Schmidt is effectively comparing Google's core competency (search) to a OS level service (such as networking) that will see sustained growth specifically because of the increased adoption of internet apps (FB, T, etc.).
2) VCs should consider recruiting senior business minded technologists to head young hacker ventures instead of MBAs.
1) Effective ROI can translate (scarce) user time slices to a successful business not subject to ("industrial") models. Put in terms of an OS, Dr. Schmidt is effectively comparing Google's core competency (search) to a OS level service (such as networking) that will see sustained growth specifically because of the increased adoption of internet apps (FB, T, etc.).
2) VCs should consider recruiting senior business minded technologists to head young hacker ventures instead of MBAs.