Understanding science funding in tech, 2011-2021

There should be Retroactive Public Goods Funding for those founders crazy enough to try something truly new that failed as a business but succeeded in creating useful mutations, maybe even ticker tape parades, and certainly not derision.

Venture capital actually does a pretty great job here (the beauty of the model is a subject for a future piece, ... See more

In a world where there are many wealthy people, then, and many more types of wealthy people, there are also more idea machines, and a more liquid idea marketplace. If you’re an “idea operator”, instead of having to beg one of two funders to take your idea seriously, you now have many more potential options to shop around to.

21:40 - Science is good at the long game of extending the tip of human knowledge. While brazen startups are good at acting boldly off of naïveté.