In practice, no one can stomach what exploration looks like: giving money away to things that look like they won’t work (and aren’t tax deductible). I started a company because I expect the number of dollars available for weird stuff to continue to be near zero for the foreseeable future.
This problem is exacerbated by the fact that the most valuable people to have doing exploration with each other are also very very valuable exploiters, so the perceived opportunity cost is high.
In practice, no one can stomach what exploration looks like: giving money away to things that look like they won’t work (and aren’t tax deductible). I started a company because I expect the number of dollars available for weird stuff to continue to be near zero for the foreseeable future.
This problem is exacerbated by the fact that the most valuable people to have doing exploration with each other are also very very valuable exploiters, so the perceived opportunity cost is high.