
Startup Purgatory, Common Pitch Mistakes, Competing with Incumbents and More on One on One with A and Z #4
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Do You Know What's Going on in Biomedical Research?
In those days, a guy like that running an agency like darpa had like, a lot of latitude to basically make, you know, very fast decisions and be able to take risk. Ah, it was sort of free, what you might describe as all the institutional reforms that have taken place ind government funded research for the last 50 years. The people who are in those jobs to day do a lot of good work; they're saddled with a lot of regulation,. That brings up the final twist, which we haven't mentioned, which is, ah, these businesses kind of create millionaires that then create non profits that create new funding models. It's probably a o ses important
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