From a Harvard advisory boutique:
Why does President-elect Obama have to invest a likely trillion dollars to renew, well, pretty much the entire industrial base of the economy – to seed new auto, energy healthcare, education, finance, and agricultural industries (to name just a few)? Because today’s crop of apathetic, risk-averse venture investors didn’t.
The venture economy is failing investors, entrepreneurs, the economy, and society.
And has for many years.
The U.S. ranks sixth among 40 countries for innovation. Our development sector are merely cherry picking and have put a burden on both game theory and human nature.