Taxpayers aren't venture capitalists, or zombies

Comment to californiastemcellreport:

In terms of orthodoxy, I had commented earlier that the academics reviewing CIRM proposals are predisposed to follow paths already charted in the literature and in the relationships known to them. Venture capitalists also follow rather orthodox game plans, although different ones from the academics.

See for example

"Patents are not why we are investing"


"VC are like cloned sheep ... they will follow."


But, the real point is not about the WSJ talking about zombies. The bottom line is that California taxpayers should not be put in the position of being venture capitalists.

http://ipbiz.blogspot.com/2009/03/taxpayers-are-not-venture-capitalists.html