[petra]

Some types of research do fit startups.

But what about the more expensive, longer term research ? Isn't there value in that ?

[cosmie]

A lot of that expensive, longer term research happens at public institutions via public funds. Which then gets commercialized by the university or by a spinoff company from the researchers.

Giving the benefit of expensive, longer term research but in a convenient form where the actual R&D was publicly funded, rather than internal.