Grant: VCs ignore critical innovation to focus on easy 10x returns
Adam Grant · Live From The HIBT Summit: Adam Grant · Aug 19, 2021 · at 43:49
Organizational psychologist Adam Grant argues that venture capital models fail to fund complex, public-good innovations like mRNA vaccines.
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“The problem with venture capitalists is they tend to invest in the ideas that are easy to 10 X or more. And we often have to look to the government to invest in ideas like a COVID vaccine, right? That are probably not going to be as profitable.”
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