Indeed, this is a call for government sponsored anti trust efforts (pruning and holding back the forest so saplings can take root and grow) and incubators (Solyndra failed, but Tesla paid back their loan in full, with interest, ahead of schedule). But, you'll have people claim "that isn't efficient! the private sector can do better!" while the evidence (here) is that the private sector cannot do better. It just creates a wasteful, capital inefficient ecosystem where everyone performs theater around the concept of venture.
Sometimes you're lucky, most times you are not (as it relates to highly speculative investments of this kind).
Sometimes you're lucky, most times you are not (as it relates to highly speculative investments of this kind).