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Earth, Wind, & Fire
by Jacobin

Earth, Wind, & Fire
by Jacobin

Earth, Wind, & Fire
by Jacobin

108

Bill Gates Won’t Save Us

Versailles

by Ben Tarnoff

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terms
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on SV being unable to combat climate change on its own (cites green tech disaster of 2006-2011, spearheaded by John Doerr). even Bill Gates' new billion-dollar fund on clean energy won't help

Tarnoff, B. (2017). Bill Gates Won’t Save Us. Jacobin, 26, pp. 108-110

science operates on a different timetable

108

Venture capital is designed to demand large returns in the short term. This makes VC firms unlikely to support the sort of research that produces technological breakthroughs, which requires generous financing over long periods of time. Science operates on a different timetable than capitalism.

Bill Gates' fund is a 20-year one, as opposed to the more usual 10-year one, but that's not enough

—p.108 by Ben Tarnoff 8 years, 11 months ago

Venture capital is designed to demand large returns in the short term. This makes VC firms unlikely to support the sort of research that produces technological breakthroughs, which requires generous financing over long periods of time. Science operates on a different timetable than capitalism.

Bill Gates' fund is a 20-year one, as opposed to the more usual 10-year one, but that's not enough

—p.108 by Ben Tarnoff 8 years, 11 months ago