NEA's balance sheet only allows very limited growth on your idea. The new platform only worked AFTER free access had been given for some years. Banks are simply not going to say yes to 50 x 10m losses as things stand right now.
The world is a big place and licencing would allow most of it to be looked after all at once on NEA's current balance sheet.
If NEA took equity in each partners company, as well as issuing a licence, and those parties funded things that might be different.
Blastoff
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