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YC is still a VC, meaning that its modus operandi is to make relatively safe bets that are expected to materialize with ~10 years. They never promised to make h
by ilyaeck 7y ago
YC is still a VC, meaning that its modus operandi is to make relatively safe bets that are expected to materialize with ~10 years. They never promised to make humanity's really hard and important problems their main focus.
At best, they might be bold enough to allocate 1-5% of their funds to those hard bets, and that's already impressive and net-positive.
To fund basic research, we need a direct and explicit commitment from the government or big foundations like Gates.
- the_watcher 7y agoThat is the exact opposite of the early stage VC model, where the few hits pay off the numerous misses.