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For some of this, it shouldn't be private capital (such as infrastructure improvements) funding it, it should be public funds. The venture capital model is not
by no_wizard 2y ago
For some of this, it shouldn't be private capital (such as infrastructure improvements) funding it, it should be public funds. The venture capital model is not a good fit for that, simply based on the evidence available, IE the distinct lack of funding for non-software solutions in the space.
SpaceX is a wonderful example of this as well. Elon Musk funded SpaceX, then investors followed much later, mostly due to StarLink and its potential, I imagine.
We need better government funding and we definitely need to re-evaulate how grants are structured, the funding tends to be very narrowly specified that you can't solve adjacent problems with the funding as it would be a violation of the terms of the grant. That sort of thing needs to be better accounted for and it isn't today, at least not always.
- jordanb 2y agoI thought one of the underlying reasons for ZIRP was a massive public underinvestment. Basically the supply of government debt was so restricted and the demand for it was so high that people were willing in many cases to pay the government to take their money.