Paper:
Sparse Approximate Conic Hulls
We consider the problem of computing a restricted nonnegative matrix factorization (NMF) of an m × n matrix X. Specifically, we seek a factorization X ≈ BC, where the k columns of B are a subset of those from X and C ∈ R k×n ≥0 . Equivalently, given the matrix X, consider the problem of finding a small subset, S, of the columns of X such that the conic hull of S ε-approximates the conic hull of the columns of X, i.e., the distance of every column of X to the conic hull of the columns of S should be at most an ε-fraction of the angular diameter of X. If k is the size of the smallest ε-approximation, then we produce an O(k/ε 2/3 ) sized O(ε 1/3 )-approximation, yielding the first provable, polynomial time ε-approximation for this class of NMF problems, where also desirably the approximation is independent of n and m. Furthermore, we prove an approximate conic Carathéodory theorem, a general sparsity result, that shows that any column of X can be ε-approximated with an O(1/ε 2 ) sparse combination from S. Our results are facilitated by a reduction to the problem of approximating convex hulls, and we prove that both the convex and conic hull variants are d-SUM-hard, resolving an open problem. Finally, we provide experimental results for the convex and conic algorithms on a variety of feature selection tasks.

Review:
The paper "Sparse approximate conic hulls" develops conic analogues of approximation problems in convex geometry, hardness results for approximate convex and conic hulls, and considers these in the context of non-negative matrix factorization. The paper also presents numerical results comparing the approximate conic hull and convex hull algorithms, a modified approximate conic hull algorithm (obtained by first translating the data), and other existing algorithms for a feature-selection problem. Numerical results are also presented. 
The first theoretical contribution is a conic variant on the (constructive) approximate Caratheodory theorem devised for the convex setting. This is obtained by transforming the rays (from the conic problem) into a set of vectors by the "gnomic projection" applying the approximate Caratheodory theorem in the convex setting, and transforming back. The main effort is to ensure the error behavior can be controlled when the gnomic projection/its inverse are applied. This requires the points to have angle to the "center" strictly smaller than pi/2. This kind of condition on the points persists throughout the "conic" results in the paper. The second main contribution is establishing hardness results for approximate conic and convex hull problems. Finally, the main point of the paper seems to be that the epsilon-approximate conic hull algorithm can be used to approximately solve NMF under the column subset restriction. 
The paper is quite well written, albeit a little dense, with much of the core technical content relegated to the supplementary material. The results are interesting from a purely convex geometry point of view. Nevertheless, I am somewhat unconvinced about certain issues in the formulation of the problems in the paper (rather than the technical results of the paper, which are nice):
-- the choice of angular metric seems a bit arbitrary (there are other ways to put a distance on the non-negative orthant that is naturally adapted to the conic setting, such as the Hilbert metric. Perhaps the angular metric is best suited to using Frobenius norm error in the matrix factorization problem? If so it would be great if the authors could make this more clear.
-- The gamma-shifted conic version performs well in experiments (and the original conic version does not), which is interesting. How should we choose the shift though? What reason is there not to make the shift very large? Is it possible to "pull back" the gamma shift throughout the paper, and formulate a meaningful version of approximate Caratheodory that has a parameter gamma? Perhaps choosing the best-case over gamma is a more interesting formulation (from a practical point of view) than the vanilla conic version studied in this paper.
In addition to these concerns, I'm not sure how much innovation there is over the existing convex method of Blum et al, and over the existing hardness results for NMF in Arora et al. (I am not expert enough to know for sure, but the paper feels a little incremental).  
Minor comments:
-- p3 line 128: this is not the usual definition of "extreme" point/ray in convex geometry (although lines 134-136 in some sense deal with the difference between the usual definition and the definition in this paper, via the notion of "degenerate")
-- p4 line 149: one could also consider using the "base" of the cone defined by intersection with any hyperplane defined by a vector in the interior of the dual cone of the points (not just the all ones vector) instead of using the gnomic projection. This preserves the extreme points, 
 so the basic strategy might work, but perhaps doesn't play nicely with Frobenius norm error in the NMF problem? It would be helpful if the authors could briefly explain why this approach is not favorable, and why the gnomic projection approach makes the most sense.
-- p5 line 216, theorem 3.4: It would be useful if the authors describe the dependence on gamma in the parameters of the theorem. It seems this will be very bad as gamma approaches pi/2, and it would be good to be upfront about this (since the authors do a good job of making clear that for the problem setup in this paper the bounded angle assumption is necessary)
-- p6 line 235, there is some strange typesetting with the reference [16] in the Theorem statement.
-- p6 line 239: again the dependence on gamma would be nice to have here (or in a comment afterwards). 
-- p6 line 253: it may be useful to add a sentence to say how this "non-standard" version of d-sum differs from the "standard" version, for the non-expert reader.
-- p8 lines 347-348: this is an interesting observation, that the gamma-shifted conic case is a sort of interpolant between the convex and conic cases. It would be interesting to be able to automatically tune gamma for a given scenario.