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The thing we should really be asking: Why is startup investment by the US Govt so inept & ineffectual by comparison? What options do startups have to get gover
by beambot 9y ago
The thing we should really be asking: Why is startup investment by the US Govt so inept & ineffectual by comparison? What options do startups have to get government funding... the broken SBIR process?
- obmelvin 9y agoGov money is better spent on fundamental science and research than small business loans, well at least in the sense that if a private investor is very interested in an investment, that means it's too safe for the government. The gov should provide a different role than private money does
- JumpCrisscross 9y ago> Why is startup investment by the US Govt so inept & ineffectual by comparison? It doesn't have to be effective. We're on something of an economic and technological roll, what with profit-motivated private investors who don't face political backlash when they shut down failing endeavors building on government-funded basic research.
- beambot 9y agoMeanwhile, the Chinese & Russian governments are investing heavily in US tech companies (par for the course). But China is also investing heavily in domestic Robotics, AI, Energy, etc. in a way that is unfathomable by American standards. Technology dominance isn't a right... it's earned. My guess: The US government has no stomach for the power-law economic outcomes associated with innovation. Our politicians cannot stomach 9 Solyndras for every 1 SpaceX... so they opt instead to turn away from high-tech investing. It will be a problem.
- sjg007 9y agoNo you are forgetting US defense spending which is investment.. DoD, DARPA, and all of the big defense companies.
- empath75 9y agohttps://en.m.wikipedia.org/wiki/In-Q-Tel https://en.m.wikipedia.org/wiki/In-Q-Tel