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So, DARPA is ready to write checks for just technical plans just as engineering presented just on paper for very challenging problems. And they intend to evalu
by graycat 14y ago
So, DARPA is ready to write checks for just technical plans just as engineering presented just on paper for very challenging problems. And they intend to evaluate the plans, just from what is on paper. So, the check comes before any prototype, alpha, beta, users, revenue, traction, proof of product/market fit, etc. And the DARPA batting average is not awful. The VC industry might see from this DARPA practice that such things are possible.