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Depending on a few people at the top to decide what gets funded. We'd be much better off if consumers were in charge of allocating the funds.
by m_ke 5y ago
Depending on a few people at the top to decide what gets funded. We'd be much better off if consumers were in charge of allocating the funds.
- RicoElectrico 5y agoHaving seen EEVBlog debunk campaigns from Kickstarter and IndieGoGo I would like to disagree ;) People at large (and local authorities who you'd expect to seek advice from experts!) have no fucking clue about engineering. Fontus, Batterizer, uBeam, solar freakin' roadways...
- m_ke 5y agoNeither do most people on wall street and sand hill road. I wasn't thinking of kickstarter but there are plenty of juiceros, jibos, weworks and theranos for each failed crowdfunding gimmick. I'd trust farmers, doctors or software engineers to vote on where the RnD money in their industries should go over a clique of patagonia vests calling the shots based on powerpoint decks.
- duped 5y agoJust in my experience, Sand Hill Road is a bunch of doctors and software engineers voting on where RnD money should go. There is a ridiculous amount of industry expertise at the leading VCs. The non-leading VCs are a bit more troublesome.