Earlier quoted context omitted.
Just about everything in the article doesn’t pass a sniff test to me. Aside from the issue you mentioned, the article seems to be making the claim that we have less innovation today. Which just seems like a ridiculous claim to me. It also mentions “pervasive short-termism” as an obstacle. It might be in large public companies, but it’s certainly not in the private equity markets. Innovative companies have access to h…
Really interesting point regarding the many year unprofitable VC backed companies being almost a replacement form of corporate lab. Though most of those aren't pursuing "hard technology" equivalents to inventing transistors or the like. Well perhaps Quantum Computers at Google, but they don't seem to be pursuing that correctly. What are your thoughts on hard technology like that?
A lot of the technology I use at work is funded innovation. Linux (largely Intel), React (facebook), Rust (Mozilla - kinda), Golang (Google), Objective-C, Kotlin, Typescript... There's also a huge number of AI and some very well-funded self-driving-car startups. For hardware, it's unlikely that a startup is going to disrupt companies like Intel, AMD, nVidia, Samsung... but that's only because they're already innovating at such an impressive pace. But even those companies don't come up with all their own innovations. For instance, the technology in the new displays Samsung recently announced comes from a company called Nanosys, which has been funding reliant since 2001. Theranos also comes to mind, which while it was a scam, it was a very well funded one.