This article articulates a whole slew of issues that I'm sure many hners with experience wrt graduate school or beyond have observed and / or experienced first hand.<p>All I can say is this, jumping into industry, and spending my time on engineering and research of my own that'd be too risky for academia, and that would not have a clear payoff value for a big co R&D lab, its the sexiest, best, most exciting and amazing decision i've ever made.<p>If my current endeavors pan out, I will actually be able to say I've created software (and an associated business, WellPosed Ltd) that makes innovation on our wee planet happen faster. I'd not be able to attack the high risk & high impact area I'm working on right now as a grad student or jr faculty, but as my own wee company, I can!<p>:-)
(anyone who's intrigued regarding building better shovels for the data mining gold rush, whether as a user or maker, shoot me a line at first name at wellposed dot com, subject: awesome shovels)