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Throwing money at unworkable ideas makes the world worse, because it employs people that could be working on good ideas instead. For example, Theranos was a tra
by tlb 8y ago
Throwing money at unworkable ideas makes the world worse, because it employs people that could be working on good ideas instead. For example, Theranos was a tragedy not because investors lost money (it's part of the deal) but because hundreds of smart scientists and engineers spent years working on something that went nowhere. All that talent directed elsewhere could have built something great.
- mattthebaker 8y agoThe 'unworkable ideas' can typically only be determined in hindsight. Pushing the cutting edge will always result in some paths that lead to nowhere. Theranos was a good idea, the tragedy was rampant fraud.