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by jacquesm 6109 days ago
> It's a ruse created by investors to give themselves more power and opportunities to fund companies,

I doubt that investors are looking for more power or opportunities to fund companies, there is rather a glut of ideas and companies that could be funded than a scarcity, so that can't really be the deciding factor here.

What I think drives this whole idea is that to regain the lead in innovation you have to make it possible for innovators to get in on the game. And America is the country to be in for that.

I only have to look at my own history to see how much difference location can make when you are just out of the 'seed' stage.

Whether it would work or not is a different thing, but I definitely don't see it as a ruse. Merely a nice idea but probably ultimately too hard to execute properly so that it is only an all across the board 'win', instead of a 'win' for some and a 'loss' for others.