5 ms·
Perhaps I’ve been in tech for too long but isn’t $75M peanuts in the scheme of things?
by brtkdotse 2y ago
Perhaps I’ve been in tech for too long but isn’t $75M peanuts in the scheme of things?
- gadflyinyoureye 2y agoSome would say it’s just a drop in the bucket.
- 1minusp 2y agoHardly worth ones salt
- hidelooktropic 2y agoIt’s going to require a lot of concentration.
- iscrewyou 2y agoIt’s renewed funding. First paragraph: > Today, the U.S. Department of Energy (DOE) announced renewed funding for the National Alliance for Water Innovation (NAWI), DOE’s energy innovation hub for desalination. With $75 million over five years for this second phase of the Hub, NAWI will continue to bring together a team of industry and academic partners to examine the critical technical barriers and research needed to radically lower the cost and energy of water purification technologies.
- bryanlarsen 2y agoIt depends where it's being spent in the development phase. It can be a lot of money for early research, but doesn't go far if you're at the shovels in the ground phase. Tech analogy: $75M is a massive angel round, small Series D.
- coldpie 2y ago$75M is a significant amount of money. Small companies doing real, significant work often have revenues in the single digit millions, $75M could fund that kind of place for a decade. When you've worked in that kind of environment, seeing garbage like Juicero get hundreds of millions, or morons throwing away dozens of billions like it's nothing, really rankles. :)