Phew, it's been at least 5 minutes since someone has written about VC and power laws
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I'm here for u
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VC is also a transfer of emotional value. The broad population acquires the emotional value (they enjoy the benefits of the new techs) from the entrepreneurs (who put in the hard work and the failures).
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Schrodinger's startup
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The Great Experimentation. True of all R&D.
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Venture socialism???
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Sort of.... it is also a tool for helping to find the a subset of the few incredibly successful ones that likely would not have made it without the infusion of capital.
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Even better: it's mostly rich people almost directly paying the salaries of people willing to work hard to create their own wealth. Tough to invent a better wealth transfer & generation mechanism.
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That’s basically the mental model for everything in life
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Time travel is hard, yo.
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It's true. And a lot of very successful VCs are only right about 1 out of 10 times. But when they're right, they are *REALLY* right!
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or put another way, future successful companies which are subsidized by the foundational failures of others
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Brilliant. You should start a VC firm that just finds the latter
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It's risk shedding, and success bundling.
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Pretty much. It’s called spray and pray my PM ex told me.
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It is called experiments....
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.Hollywood studios...
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