<p><span class="h-card" translate="no"><a href="https://mastodon.social/@shriramk" class="u-url mention">@<span>shriramk</span></a></span> wonderful point, very well made. </p><p>For investors, the difference to “normal vc” is that instead of buying a share of the enterprise, at your own risk, you’re buying government debt and receiving guaranteed, but lower return.</p><p>Thus government funding allows for research without knowing the outcomes - a primary driving force in human progress and economic development, but also a one way pump of guaranteed new wealth on the tax payers dime.</p>