[bogomipz]

Could you elaborate? Where does the government do angel investing?

[sulam]

I don't think anyone limited it to angels. And governments do investing all the time, they just don't always call it that. Solyndra and 38 Studios are two notable failures, for instance.

[bogomipz]

Indeed, I misinterpreted that passage. Thank you.

[hef19898]

Governments also invest indirectly through big contracts, hard to come by so. SpaceX and NASA come to mind as one example, also an exception at the same time