The Appliance of Science

A quick follow-up to Video Frenzy!
Over on Guy Kawasaki's excellent blog, he talks of how the inventors and researchers can get swept up on the latest boom/bubble, saying things like.

The technology we invented for satellite imaging can be used for amateur video, so we could have created YouTube and sold to it to Google for $1.6 billion. Let’s find an investor to fund this since our budget is set for the year. How hard could it be to create a better YouTube?

It's so easy to get starry-eyed on valuations in your market from the latest blockbuster corporate take-over - it seems the scientists fall into the same thinking as us entrepreneurs. VC's must really be getting it from all sides!