you’re on a board very nearly dedicated to startups. perhaps the s&p500 is no longer a good place to do r&d, compared to smaller, vc-backed startups. if they s

you’re on a board very nearly dedicated to startups. perhaps the s&p500 is no longer a good place to do r&d, compared to smaller, vc-backed startups. if they see significantly reduced gains from r&d compared to smaller companies then we should be crying years of joy that money is flowing out of them so it can be reinvested into smaller firms.