Anything being done in the public sector (e.g. academia or government) is pocket change by comparison, and so bound up with red tape these days that most truly

Anything being done in the public sector (e.g. academia or government) is pocket change by comparison, and so bound up with red tape these days that most truly high risk/reward bets are passed over. That, and you’re at the mercy of congressional budget cycles and the usual grant writing hunger games. If innovation emerges from that environment, it’s in spite of it, not because of it. If private capital wants to fund deeptech, more power to them. If they want forego due diligence and fund tomato computers, that’s (literally) their business.