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What needs work >> Venture Capital Given the interesting things going on in the engineering labs I visited and the startups I met, one would have thought the p
by shawnee_ 16y ago
What needs work >> Venture Capital
Given the interesting things going on in the engineering labs I visited and the startups I met, one would have thought the place would have been crawling with VC’s fighting over deals. Instead it felt like the government – through CORFO - was doing most of the risk capital investing.
Not ideal, but better than nothing. Capitalism can get the most solid footing as a sustainable economic system when there is minimal government involvement. Need wealth to create and fuel more wealth.
- zeemonkee 16y agoDidn't much of Silicon Valley's early investment come from the US government, such as the military ?
- anamax 16y agoThe US Govt bought things, but it didn't tell folks what to build (for other people). Govts like to pick winners. So do companies, but with companies, only one has to hit for society to win.