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"Because Google X is a breeding ground for big bets that could turn into colossal failures or Google’s next big business — and it could take years to figure out
by ootachi 15y ago
"Because Google X is a breeding ground for big bets that could turn into colossal failures or Google’s next big business — and it could take years to figure out which — just the idea of these experiments terrifies some shareholders and analysts.
“These moon-shot projects are a very Google-y thing for them to do,” said Colin W. Gillis, an analyst at BGC Partners. “People don’t love it but they tolerate it because their core search business is firing away.” "
Is it just me or does this represent the worst of Wall Street short-term thinking? I mean, the first sentence could really be read as an indictment of venture capital as a whole.