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It's also interesting that the $30M figure is approx their R&D spend! Underscores the importance of offsetting those startup costs with policies that promote pu
by ArtWomb 8y ago
It's also interesting that the $30M figure is approx their R&D spend! Underscores the importance of offsetting those startup costs with policies that promote public-private partnerships and other subsidies for innovation ;)
- hn_throwaway_99 8y agoWhy? Fastly will make a couple people very rich, and they seem to be doing fine without subsidies. Why should public funds go toward concentrating wealth even further?
- ArtWomb 8y agoWell, tech transfer can be a slow process. Primarily because of legal formalities around indemnification, liability, etc. You also have the common scenario where many competitors are working in the same problem domains. Only to find after years of effort that they have independently arrived at eerily similar solutions!
- edmundsauto 8y agoCan you explain to me how the last sentence speaks to the need for subsidies?