I heard a conversation today that went something like:
Person A: I think startups should invest in research.
Person B: I don't think startups will benefit from long-term research.
Person A: I don't think startups should do long-term research. I think startups should do "risky" research, where the payoff is relatively near-term. It is harder and harder for anyone to do long-term research, since it is increasingly less clear what the future holds.
I like this distinction between "risky" and "long-term" research.
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