3 ms·
VC is a terrible model to fund basic research. "The science might work, and then we might be able to make it into something useful, and then we might be able t
by roguecoder 7y ago
VC is a terrible model to fund basic research. "The science might work, and then we might be able to make it into something useful, and then we might be able to get paid for that value": most companies that try this spend all their time on A and then if they get super-lucky they get acquired instead of dying.
VC isn't the solution to America's short-sighted refusal to invest in science and academia.