How to Think of R&D Spend
Andreessen Horowitz
DECEMBER 4, 2023
Most growth-stage CEOs I work with know how to tell if they’re efficiently allocating capital in every part of their budget with one glaring exception: research and development (R&D). But when it comes to R&D, I consistently see CEOs allocate huge amounts of capital with very little rationale to justify or explain it.
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