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All the money going to CRUD apps, easy to build and sell. Hard problems take a long time to solve, no VC wants to invest and have his money locked away for a lo
by sharadov 5y ago
All the money going to CRUD apps, easy to build and sell.
Hard problems take a long time to solve, no VC wants to invest and have his money locked away for a long-time horizon.
Hence we need government sponsored innovation, insane discoveries came out of Bell Labs.
- 0xfaded 5y agoThe DARPA model which does out relatively large grants for risky ideas is the way to go. Avoid the European model, where government pork is the norm and fed through a massive meat grinder feeding a self-serving bureaucracy that wastes innovators' time. And because it's the norm, investors expect to be subsidized, so it's difficult to avoid.