Doesn't the recent (last 10yrs) VC splash do that? Hard to tell numbers since military spending has so many routes, but i'd love to see numbers on the two channels.
No, they are not parallel channels. Generally speaking high tech develops over a multi decade timeframe. Govt agencies like DARPA play a lead role in the earliest phase (often measured in double digit years). VCs pick outputs that have commercial potential and pour money into the sector.
That’s why it’s wrong to just compare the absolute amounts invested — it’s when it’s invested.
That’s why it’s wrong to just compare the absolute amounts invested — it’s when it’s invested.