“Many companies devote 5, 10 or even 20 percent of their revenue to R&D. Why not
set aside a small share of discretionary funding for ideas that don’t pop up at the right
time, or in the right place, to make it into the formal budgeting process? My guess is
that a community of hundreds of mid-level managers spread out across a large company
would, in the aggregate, make better investment decisions than a few folks in a
corporate new ventures unit.”
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