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The self-driving car revolution was kicked off by The 'DARPA' Grand Challenge to make an autonomous car traverse 132 mi. of a desert.
Even as a college professor at Carnegie Mellon and Stanford, I saw myself as an entrepreneur, and I went out, took risks, and tried to invent new things, such as participating in the DARPA Grand Challenge and working on self-driving cars.
Frankly, we should have an ARPA-O, an Advanced Research Projects Agency for oceans research, to match DARPA for defense and ARPA-E for energy. And we should have an Oceans and Coasts Fund to match the upland- and freshwater-directed Land and Water Conservation Fund.
From NASA putting a man on the moon to DARPA developing what later became the Internet, the U.S. government, through a host of different public agencies, has provided direct financing not only of basic research but also public venture capital; both Apple and Tesla have received direct public funding.
Bitcoin is a peer-to-peer, decentralized form of money, as durable as the Internet itself. Remember, the Internet - or DARPA, as it was originally called - was created as a fail-safe, global network with no 'single point of failure.' If one part goes down, data takes another route, and nothing is lost.
In 2003, my mom actually gave me a call, which is funny because she works at the European Union in Brussels, Belgium, and let me know that there's a cool competition with robots across the desert. And I thought this was definitely something I wanted to be a part of. This was the first DARPA Grand Challenge.
