At grad student stipend level, you’re talking about a quarter that. 25k/year. So you could support about 1200 grad student level researchers for the same amount. So $19- million gets you somewhere between 300 to 1200 bets on independent researchers. Now who can afford that?
It’s a deliberately focused comparison on the startup phase that allow research careers to be bootstrapped. I am aware that total funding is vastly larger. I am not suggesting undermining the university system, merely providing an alternative to it for independent researchers.
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I think that the timescale of the most impactful projects can be much longer than would be supported by "investors". The payoff for basic research can be 10,20,50 years down the road, but multiply entire economies by big factors. It's a social investment.
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