“一盒救命药为什么能卖4万块，因为花了50年才研发出来”

Core Viewpoint - The traditional indirect financing model is misaligned with the needs of technological innovation, which requires long-term investment and acceptance of uncertainty [1][2]. Group 1: Misalignment Issues - The first misalignment is between the pursuit of "certainty" and "uncertainty." Technological innovation involves exploring unknown paths, while traditional financing focuses on known paths and predictable outcomes [2]. - The second misalignment is between short-term and long-term perspectives. Banks typically offer short-term loans, whereas technological innovation requires a long-term commitment, often taking years to develop [2][3]. - The third misalignment is between large and small funding amounts. Banks prefer to lend larger sums to established businesses with stable cash flows, while early-stage tech companies often need smaller amounts for experimentation and gradual growth [3].