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Now it's your peers, and good ideas ultimately get funded with real money.
"I'm not constrained in the ability to pursue projects that are high risk or that would not be easy to get funded with grants.
At the time, even I thought 'how did that project get funded?' With practice I learned to make my work sound much more exciting to them.
But if you're hoping to get funded with a business model focused on user-generated content, you're probably out of luck.
Gupta considers Nexus one of the top VCs in India at the moment, and as with top VCs in the U.S., it focuses not just on doling out money, but also cultivating the businesses that get funded with advice on strategy, hiring and more.
If we make it hard for Americans to invest in crowdfunding, then entrepreneurs will tend to get funded with larger percentages of foreign money.
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"Typically, it gets funded with whatever is left over after other needs are met," said David Ernst, the spokesman for the school boards association.
"The situation is bleak because if you're a new investigator trying to start your career, getting funded with an R01 --NIH's coR01 --NIH-investigatoR01 --NIHh grant--"is virtually impossible," she says.
The plan is to run a crowdfunding platform that allows users to get funded and then work with DI to produce their hardware to scale.
Or they may decide to cross the Rubicon and try to get funded as a startup (with strategic partners, investors, or NSF programs for small businesses).
"Best-case scenario now is that we get funded, keep growing and compete with the studios on our own," he said.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com