You don't need a citation for everything. It's common sense.
But sure, look at big tech with a money printing machine, insane margins and revenue. Amazon spends 90b a year on r&d (~14% of revenue). Meta is about 26% of revenue and so on.
That's risk as it's not tied to their core business and most if not all is punted away.
Can you give me a citation of a small company willing to punt 14-24% of their revenue on long term projects that may not bare any results?
But sure, look at big tech with a money printing machine, insane margins and revenue. Amazon spends 90b a year on r&d (~14% of revenue). Meta is about 26% of revenue and so on.
That's risk as it's not tied to their core business and most if not all is punted away.
Can you give me a citation of a small company willing to punt 14-24% of their revenue on long term projects that may not bare any results?