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He's been heading up a small health-care startup since 2020. I'd be surprised if he was swimming in cash and liquidity (like he's used too). Companies can no lo
by pookha 3y ago
He's been heading up a small health-care startup since 2020. I'd be surprised if he was swimming in cash and liquidity (like he's used too). Companies can no longer write off R&D for the year that they've spent it. Countries like China have major R&D sectors because they allow softare development to be a tax write-off. The US killed this in 2022. Maybe he -- like many of us -- just can't justify spending money on luxury VR goggles given the circumstances.