The *NEW* Frank Coluccio Technology Forum Message Board

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Technology Stocks : The *NEW* Frank Coluccio Technology Forum

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To: Frank A. Coluccio who wrote (30388)	6/29/2009 1:57:32 PM
From: ftth	Read Replies (1) of 46821

Well...these guys aren't venture capitalists, they're bureaucrats. They have no real ability to separate boon-doggles from plausible. Even if they were VC's, a higher percentage of the ones deemed plausible will fail than succeed. So there's something to be said for targeting established practices, status-quo, silos, or whatever term you like, when it's coming from taxpayer pools of money. There's a very large space between a new idea, and successfully executing the new idea. A chasm really, because the majority of new ideas never cross it, even if they get their proposed funding. Maybe the gov't actually needs a specialty department, staffed by former VC's. Bureaucrats are too easliy swayed by a good story teller. Absent these specialists to make funding grants for "new ideas" I'm more inclined to say they should avoid funding such ventures, because the statistics say the ROI will be essentially zero.

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