markets may not be the best structure for disruptive innovation
- Are markets not the best structure for deep innovation?
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Many of the most revolutionary innovations were created by governments
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Market are better at solving and finding unknown whats
- VC is not going to put money in revolutionary, but uncertain long term project
- VC looks for (relatively) short-term opportunities to exploit
- Nuclear fusion and other important innovations require investment too large on too long time scales (for the market to be involved)
- Markets are better able to explore different options at the edges (unknown), and find the best solution
- VC is not going to put money in revolutionary, but uncertain long term project
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Central organizations better to solve known whats (that require large investments and long time horizons)
- Examples of internet, the Manhattan Project, NASA
Created on: 2021-04-26 Inspired by: Daniel Schmachtenberger Link: https://www.youtube.com/watch?v=YPJug0s2u4w&t=5966s Related: [[ economics ]] | Book - Doughnut Economics by Kate Raworth
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