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In that world neither Apple nor Google would have ever invested even a cent in self-driving technology and almost all major medical advancements would not have
by tomtimtall 8y ago
In that world neither Apple nor Google would have ever invested even a cent in self-driving technology and almost all major medical advancements would not have come to pass. You don’t invest billions of dollars and have thousands of people working on a project for decades if there is no way of making money on that investment or even recuperating it.
- antpls 8y agoSurely you own a multi-million company so you know what you are talking about. Money isn't everything, especially when you have plenty of it
- thanatos_dem 8y ago> Money isn't everything, especially when you have plenty of it The problem is that it sort of is, at least in a publicly traded company. Shareholders demand growth, and growth demands innovation.
- tomtimtall 8y agoWell that’s nice to hear, so I take it that you are in on investing a million in my company who’s making useful software for scientists with no monetsation strategy? No, there is absolutely no chance of you making any money on it. No, we don’t intend on retaining any rights to the software, we are literally just wasting money. Your money. What you say? You don’t have the cash on hand? Well just take a loan, money isn’t everything right? If I’m being to obtouse here. The point is that money is everything when you start a company, you need to pay electricity bills and people need to eat. And the money invested in companies is only given contingent on an assumption that it can be made back. Apple may have started in a garage, but if there wasn’t money in it, then it would have stayed in the garage.