Bell used his first big liquidity event to start Volta Laboratory and Bureau, a lab that Bell led with an enlightened management style that would become Bell Labs' signature. From the Idea Factory,It was curious, in a way, who they were, these men coming to Bell Labs in New York. The reason why we don't have Bell Labs is because we're unwilling to do what it takes to create Bell Labs — giving smart people radical freedom and autonomy. Bell Labs worked because Mervin Kelly had great taste in people and problems. I am hopeful that – as more organizations try such approaches – the idea will spread and we’ll get to see another Bell Labs.