I think it also made sense beforehand. But the main issue is that most companies are extremely risk averse, perhaps even out of necessity. The stock market butchers companies based on their results over 3 month windows. That's really about the most idiotic system imaginable, but it's the one that we have. This is why I think ever more of the companies with big goal driven ideas are staying private. Go public and suddenly everything is about reducing risk and working to min-max on a quarterly cycle, annual in the worst case.

This is really distorting progress in our country because while going public may severely impair any longterm revolutionary goals of a company, it'll also make you [the founders] filthy stinking rich.