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VCs funding a company has nothing to do with innovation Their goal is to make a profit That's why we don't have fusion energy yet And that's why Nuclear plan
by Shadonototra 4y ago
VCs funding a company has nothing to do with innovation
Their goal is to make a profit
That's why we don't have fusion energy yet
And that's why Nuclear plants have stagnated for many decades already
Education is where innovation comes from, it's been like this for centuries (scientific, health, industry) and yet it's been neglected for decades, go look at the salaries of teachers, even in private schools
VC backed startups prevent innovation, look at today, we living a recession since 2008 because the market invested and moved their wealth in for profit pockets
If you invest in schools, you don't expect profit in return, you expect innovation in return
If you invest in a startup, you don't expect innovation in return, you expect profit in return
It is very simple
Galileo wasn't a VC and he wasn't backed by a VC
Even Tesla and SpaceX couldn't be where they are with only just VCs, they had to get massive help from the fed and the government to stay afloat, as well as a shit ton of internships from all around the world to sustain their R&D efforts