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Of the three, I think private investment would have done better than the first two. Even DARPA is notable for a handful of home runs that may have been just lu
by tsotha 12y ago
Of the three, I think private investment would have done better than the first two. Even DARPA is notable for a handful of home runs that may have been just luck.
- robotresearcher 12y agoBut since the first two actually did it, it's up to you to convince me of that. For bonus points, try to do your job today without making use of federally-bootstrapped technology. edit: also, Fede_V's sibling comment is spot-on.
- tsotha 12y ago>But since the first two actually did it... Did what?
- Fede_V 12y agoYou realize that is exactly the model of VC? :) You bet on a lot of very long shots, but the few mega successes pay off sufficiently to make it all worth it.
- tsotha 12y agoRight. Are VC's normally using public money?