jafant - the shortage of high-functioning practitioners is a real problem in our field. Over the years, and particularly in Jim's waning years, Thiel actively sought someone to carry Jim's work forward. The search involved professional assistance and engaged the myriad relationships Thiel had developed over the decades. Most candidates merely relied on conventional practice and 'wisdom'. Some had fantastical financial requirements; some proved to be pretenders - All lacked critical requirements. No fit was found.
In my own less intensive but similar search, I have engaged very knowledgeable consultants. About as close as I've come to understanding the situation is that the world has changed. (duh) In our youth, bright young people could imagine niches to apply their interests and passions toward building an enterprise to support the development of those undertakings into right livelihoods. Such was Thiel Audio. We created a company so that Jim could exercise his (albeit seminal) design talents and we could all apply our own abilities to making it succeed. We're approaching a half century ago, when there were more holes in a more amorphous market, more stones left unturned, more expendable income spread across a broader swath of society - in short, what I read as more confidence in creating one's life and future. Part of our own calculus for jumping into Thiel Audio was the vision that there must be plenty of other people who shared our desire to play back recorded music with better tools and equipment than was presently available. This equation requires enough confidence in the upside potential of the vision to justify the risks of buy-in. Among those risks were that our parents (Thiel and Gornik) re-mortgaged their homes for our start-up capital. Failure was never an option. I don't know whether that world still exists. It's a huge picture; I hope this cameo captures the gist of it.
Today I see plenty of bright young people. But if they're smart enough to try to make their impossible dream a reality, they seem to be opting for options in the 'new order' of the twenty-first century with astronomical upside potential. I don't see high-resolution audio playback anywhere in today's world-view. Thiel Audio didn't find an heir to what we built. As Bill Thalmann approaches retirement, he hasn't found an heir to what he's built. Will there ever be another Nelson (the one and only) Pass? I don't see it. And on and on. Vandersteen and Wilson have engaged their next generation in the pursuit. Bravo. But they had created a niche nearly guaranteeing continuing success. Home-grown doesn't match the new milieu very well. If we sit back and regret the changing tide, I'm afraid innovative niche audio may be drifting out to sea. If a hundred or a thousand of us encourage and sponsor young talent to carry on the work of breakthrough audio, perhaps we could keep it happening. Cheers.