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The business model is raising VC money and using it to do R&D that will show results good enough to be able to raise more VC money... Striking similarities to
by ghc 3y ago
The business model is raising VC money and using it to do R&D that will show results good enough to be able to raise more VC money...
Striking similarities to biotech.
- pfisherman 3y agoHahaha! I agree that both are high risk, high reward. The difference is that biotech companies semi-regularly produce products that large numbers of people use and derive benefits from. Not saying that won’t happen with Quantum Computing, but QC has felt like was 10 years away for about 10 years now.
- hannob 3y agoThe difference is of course that there are biotech applications. There won't be any QC applications for decades to come. If you believe any company today doing QC stuff will earn money ever, you're playing the really long game.
- wait_a_minute 3y ago> There won't be any QC applications for decades to come. How do you know this?
- ghaff 3y agoSome of the main players, like IBM, are not VC-funded companies.
- jhfdbkofdchk 3y agoTheir business there is likely pursuing foundational patents to license.
- ghc 3y agoAlso strikingly similar to Biotech!