Much smarter to take an equity position than to just hand out free money in the form of DARPA, NSF, etc grants.
Is there an economic system where government owns the means o production? Have Bernie Sanders and Donald Trump done one of those Freaky Friday switches?
I’m not crazy about Trump doing this.
Government would then obviously favor the companies it “invested” in.
It is a benefit to the taxpayer who gives these grants and should get something in return. When the equity gets valuable it can pay back the grant or pay off govt debt.
These grants enrich their shareholders
On the backs of taxpayers. Time to change.
All those companies are jumping in the overnight market - IONQ is up 17%!
Sorry to say, but “quantum computing” is mostly bullshit. VC clickbait that does not work.
I’m not crazy about this. If a company cannot stand on its own, so be it...it closes. No grants, no subsidies and no government loans.
The more important question is do quantum computing companies NEED government funding???
Or are we just trying to run the economy the way the CCP does, with the national executive picking and choosing which companies to fund in a national mercantilist manner?