5 Reasons the Government Fails at Venture CapitalPosted: February 18, 2013
President Obama is outlining a multi-billion dollar plan to map the human brain. The goal is to “to do for the brain what the Human Genome Project did for genetics,” according to The New York Times. But do such government investments in science and technology really work? Do they translate into commercial and economic value?
Many assume they do. Departing Secretary of Energy Steven Chu, on February 1, wrote a letter decrying the “Stone Age” mentality of the critics of government investment in clean technologies. There is arguably some truth in what Secretary Chu wrote. But there is also some truth in what critics say about the relatively poor return of government investments in new technology development. So what is the real answer?
You can read the rest of this article here: http://www.forbes.com/sites/victorhwang/2013/02/18/5-reasons-the-governments-fails-at-venture-capital/