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It's never too late to get started. Well begun is halfway done, my Dad always tells me. Thanks for cheerleading the need for new programs to incubate ideas and innovation. I cross-posted on your piece, along with some of my own comments, at http://blog.innovators-network.org The Innovators Network is a non-profit dedicated to bringing technology to startups, small businesses, non-profits, venture capitalists and intellectual property experts. Please visit us and help grown our community!
Best wishes for continued success,
Anthony Kuhn
Innovators Network
But I don't think PARC is 'late' in the other sense (as in 'there is no more opportunities in the incubator space'.) There will always be new companies that gets started, and there will always be ideas that are worth looking at. If anything that silicon valley has proved, is that there will always be new opportunities for innovation, even in areas that are considered 'old' or past its prime.
The "lateness" we're referring to is the company's reputation for developing killer products years ahead of their time but failing to commercialize their ideas. The personal computer is just one example.