Large firms investing in early r&d happens regardless. It does not explain how you build new business on an idea you can’t convince large org politics to try.
replyIt’s also what Xerox and Bell labs were doing in the 70s and what Google, Meta, Amazon, Apple, Microsoft etc are doing today but it took smaller more nimble players to actually do anything with the research. Case in point: transformers came from Google.
Sure I agree and good points. But my view is moreso in the scale of VC operations being a symptom of excess speculation, and society would be better off with stable investments. They are poor stewards of capital, and subsidized by the federal reserve.
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