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> The US private VC model is superior in every way. You do realize that most of the innovation the US pride itself about was in fact directly funded by the sta
by WastingMyTime89 5y ago
> The US private VC model is superior in every way.
You do realize that most of the innovation the US pride itself about was in fact directly funded by the state through DARPA, the NSF, NASA and military contracts: Fairchild Semiconductor, the internet, Google, Space X, Moderna...
- _-david-_ 5y agoThe government isn't funding a lot of those things now. Also, Europe has access to the new technology that came out of the US government funding so it is irrelevant to bring it up. Europe has access to the internet, they have a space program, etc.
- WastingMyTime89 5y ago> so it is irrelevant to bring it up Actually I do think it's very relevant to point that most of the most valuable US innovations were state funded as a reply to someone asserting the absolute superiority of private VC funding. The USA is very interventionist for a country promoting free markets as close to a religion. I am not entirely sure what this has to do with Europe however.