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Maggie’s Funny & awesome pics, vids and memes thread (work safe, no nudity)

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IIRC Edison had set up exactly what you described. He was getting funding and partially funded it himself. He set up a warehouse for research and paid people to work on their ideas for a lion share when they worked out.
It works the same way today. Ask the guy working for 3M that invented the glue that did not work. Well it kinda works and now millions use it every day when they use a post-it note. He was actually using it a way to stick pieces of paper with notes on his "cubicle" while trying to make a super glue.

It kind of feeds on itself.

A lot of people have tech skills and solid product ideas, but few can map out the steps to get from point A to X and then go to Z where it's a viable product in production and support. Edison and guys like him have done the full walk and can then provide space and time for others to work on either his ideas or theirs or someone else's. They also gain trust from investors. And investors can bring in business skills that founders lack. A lot of businesses that have legs otherwise fail from the lack of a competent accounting processes and solid operational skills.
 
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