> $10M could keep a startup running for 1+ years at its most crucial time. That's 10 solutions instead of 1 -- statistically one of them will be a massive breakthrough?
The failure rate for startups is much higher than 90%. And there’s the additional complexity of how do you pick which 20 such startups get the cash.
See my response to the other posters with the same notes
On the picking: it’s really not hard to search for AI companies and pick 20. In fact there are government programs that invest in startups so clearly it’s doable.
The failure rate for startups is much higher than 90%. And there’s the additional complexity of how do you pick which 20 such startups get the cash.