Earlier quoted context omitted.
Isn’t VC funds structured such a way that one or two startups make it while 90 percent fail? University outputs seem to be comparable in this sense. The patent for Gatorade alone has brought in probably 100 million to U of Florida.
That might be the case. But universities are not startups. In one of the universities I worked at they had a four-year long History undergraduate degree. Between 5 and 10 students chose it each year (the entire university has around 5,000 students, give or take). That means that there are around 30 students combined. For these 30 students, there were more than 40 full time academics! There are more professors than st…
The success of this basic research feeds back into society with substantially increased tax revenue and reputation to attract the best minds in the world.