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The Challenge of Financing an Intangible Economy
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A third aspect of finance is the perception that venture capital will be very important for the economies of the future. It is hard to think of a major developed country whose government has not spent taxpayers' money in an attempt to build or grow its VC sector. Most developed countries have put in place coinvestment schemes or tax breaks to try and stimulate a venture capital sector like that of the United States.
to cite for diss - claiming that govts have doubled-down on the VC model because they think it works, TINA?
like Canadian R&D credit - remember all these stupid products that were being funded it ... doubling down on this model because it's the most prominent option w/o considering whether it's structurally fucked, incentivising wasteful creations
A third aspect of finance is the perception that venture capital will be very important for the economies of the future. It is hard to think of a major developed country whose government has not spent taxpayers' money in an attempt to build or grow its VC sector. Most developed countries have put in place coinvestment schemes or tax breaks to try and stimulate a venture capital sector like that of the United States.
to cite for diss - claiming that govts have doubled-down on the VC model because they think it works, TINA?
like Canadian R&D credit - remember all these stupid products that were being funded it ... doubling down on this model because it's the most prominent option w/o considering whether it's structurally fucked, incentivising wasteful creations