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No No No No No. This is wrong. If you get rid of the 'Valley of Death' all you are going to do is fund more hobbies, and WASTE $2B of Taxpayer dollars. sigh T
by marcamillion 16y ago
No No No No No. This is wrong. If you get rid of the 'Valley of Death' all you are going to do is fund more hobbies, and WASTE $2B of Taxpayer dollars.
sigh
The incentives are not aligned right. I am sure the VCs are happy about this, because their 2 & 20 has not changed.
But this is BAD news for the health of the startup community.
Why on earth would TechStars even encourage/be involved with this ?
sigh
I am not even a US taxpayer and I feel the pain of wasted taxpayer dollars.
I am all for boosting innovation, but I don't think throwing money at it is the right way at all. They need to fix IP/patent laws, lower the tax rates and get out of the way.
The valley is going through a 'debateable' bubble all by itself, without Washington's help.
Oh..and don't get me wrong. I am an Obama fan. I just think that this policy is misguided on MANY levels. Especially when things are heating up in the valley. I see NO upside coming from this.