Conflict of interest. At least a research grant has outcomes that are supposed to be public and benefit the public.
A VC arm that's part of the government seems like a monstrous hybrid of private and public. What is the profit for? For the same reason that it gives one pause regarding what the CIA is doing investing in social media. If it's totally OK, why not have the government invest in private prison companies?
A VC arm that's part of the government seems like a monstrous hybrid of private and public. What is the profit for? For the same reason that it gives one pause regarding what the CIA is doing investing in social media. If it's totally OK, why not have the government invest in private prison companies?