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Startups, unfortunately, punish effort that doesn’t yield results. In fact, the biggest source of waste in a startup is building something nobody wants. While in an academic R&D lab, creation for creation’s sake will often get you praise, in a startup, it will often put you out of business.

The best articulation of why I'm fond of entrepreneurship world instead of academic world...

To succeed in academia, you need to build things that please your customer, its just that your customer is a funding agency and/or your community. There are many, many publications that nobody sites, which is the equivalent of products nobody buys.

Yes, thank you! That was exactly my reaction. I don't believe that you should reward hard work for hard work's sake alone. You should reward purposeful hard work that yields beneficial results.

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