Why Silicon Valley Funds Instagrams, Not Hyperloops

[tw]

Originally Posted by xoxoxoBruce

Pure research/science is necessary and useful. But venture capitalists aren't interested in it.

That is the point. He has confused Fundamental (pure) research with application research. They are different and must be kept separate to be useful.

Concepts were well demonstrated in places such as the Bell Labs. But my experience says most under the age of 40 do not even know what basic research is let alone know what the Bell Labs were. Does Jerzy?