It would be hard to find two cities that are more dissimilar than tiny Leverett, Mass., and Stockholm, Sweden, 3,700 miles across the Atlantic. Even so, they have more in common than cold winters: Both sport high-speed fiber-to-the-home (FTTH) networks built by local governments when privately owned carriers were either indifferent or simply not up to the job.
Henry Paulson turned down one of the highest posts in the U.S. government-Secretary of the Treasury-three times before he realized what was holding him back. "I just realized that it was fear of failure," he said during a recent discussion with Stanford Graduate School of Business students.
When giant tech companies like Intel or Samsung need to make a circuit board, they simply pop one out of their multi-billion dollar fabs or pony up a few million for a new machine. But when you're just a tiny, underfunded startup putting together a prototype that you need to bake, you've got to look for something simpler and cheaper-a lot cheaper.