[probablypower]

> Remind me again why we need investors to fund bad ideas?

A lot of good ideas only look bad in hindsight. It costs time and money to determine goodness, and that deserves funding.

[danans]

> A lot of good ideas only look bad in hindsight. It costs time and money to determine goodness, and that deserves funding.

Governments can also do that funding. The most pivotal technologies in recent history have been a result of government investment.

Private capital has a role, but it's mostly at the productization phase, not fundamental research.