Friedberg argues private enterprises can allocate capital faster and smarter than government funding sources.
“I think it's about, you know, we we can aggregate more money through a central source, some federal grants or or what have you.”
Friedberg argues too much capital flows into small software projects seeking quick 10x returns.
“And you could probably make 50,000,000 in return. That's a nice little 10 bagger. Great. Let's do that. And then let's plow a trillion dollars into that concept.”
Friedberg states Koch reinvests 90% of profits in new businesses and growth as part of its operating model.
“Very unique operating model, which we'll get into today, including principles around disruptive innovation of the business, reinvesting 90% of profits in new businesses and growth, meritocratic values.”