Eric Schmidt described what a perfect startup will look like in 5 year’s time

Google CEO Eric Schmidt speaks during the company’s Chrome event in San Francisco December 7, 2010. REUTERS/Beck Diefenbach Alphabet executive chairman Eric Schmidt has outlined what he sees as being the ideal startup in five year’s time. Schmidt says that a key quality of a future successful tech company is relying on crowdsourced data. He gave the example of a company that sources data about skin cells, and then uses machine learning to process that information. “[A good company would] use Android, iOS, and machine learning but use the crowd to learn something trivial,” Schmidt said on stage at Startup Grind Europe on Wednesday. One example company that Schmidt provided was a dermatology company funded with $1 million (£700,000). He suggested that the company could pay dermatologists $1 each for…


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