alt Hacker NewsSometimes I worry about the incentives for innovation in the US.
Step 1, find something to innovate on, sell the promise of it to investors. Step 2, build a prototype or worst case, build it for real and start generating income from your truly innovate and unique product. Step 3, get acquired by a large company and then shut down because your product competed with theirs.
End result, general public possibly benefited from your innovation, but in the long run, it was temporary.
Maybe the incentives would be better if it were harder for large companies to acquire small ones? If the path to riches where driven primarily by delivering value to customers. Would love to hear other's opinions on this.
Well in China its
"Get bankrolled by the state at the state's discretion until they get what they want, even if they need to burn $1B to get $1M of value"
and in Europe it's
"Just buy it from the US or China".