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The 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 thr
by 0xfaded 5y ago
The 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.