[tinktank]

> I still don't see how any government granting committee can outperform hundreds of private venture funds competing for exposure to new opportunities. Even if you have a government dept. of 10x geniuses, they don't scale to compete with a healthy investment community.

Isn't the difference that VCs are looking for short-to-medium term opportunities as they want a return on capital? Presumably gvt funding means riskier projects can be undertaken.

[pbhjpbhj]

And projects without financial returns too? Projects that challenge VCs other income?

If you can keep things on the level, humans can achieve a lot, there are other goals than just making financial profit.