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AustenAllred's profile
Austen Allred
Austen Allred
Austen Allred
Verified account
@AustenAllred

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Austen AllredVerified account

@AustenAllred

CEO @LambdaSchool (YC S17): A CS education that's free until you get a job. I have made remarks that I do not agree with.

San Francisco, CA
lambdaschool.com
Joined December 2010

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    Austen Allred‏Verified account @AustenAllred Sep 25

    Austen Allred Retweeted Eric Weinstein

    🤔 why aren’t there mechanisms to invest in other people the same way VCs invest in startup founders?https://twitter.com/EricRWeinstein/status/1044677800622313472 …

    Austen Allred added,

    Eric WeinsteinVerified account @EricRWeinstein
    Mason’s insight raises an interesting question: Why don’t we acknowledge this as applicable everywhere? We have folks in all walks of life who need their first big break. Why do we not build ways to get VC thinking financially rewarded everywhere it’s needed beyond startup firms?
    Show this thread
    4:59 PM - 25 Sep 2018
    • 16 Retweets
    • 176 Likes
    • Jowe Hernandez Nick Arner Samuel Machat David Nebinski Luis Revilla Shriya Nevatia Union Square Research Group G. Bailey John A
    33 replies 16 retweets 176 likes
      1. New conversation
      2.  🤖 Sonya Mann  🎀‏Verified account @sonyaellenmann Sep 26
        Replying to @AustenAllred

        Literally Lambda School, which I assume was your point

        1 reply 0 retweets 7 likes
      3. Austen Allred‏Verified account @AustenAllred Sep 26
        Replying to @sonyaellenmann

        Heyo

        1 reply 0 retweets 6 likes
      4.  🤖 Sonya Mann  🎀‏Verified account @sonyaellenmann Sep 26
        Replying to @AustenAllred

        reading the replies of people being like "what IF wow wouldn't that be cool" was kinda funny

        0 replies 0 retweets 4 likes
      5. End of conversation
      1. New conversation
      2. Mat Sherman‏ @Mat_Sherman Sep 25
        Replying to @AustenAllred @eriktorenberg

        @danielgross check this out. Looks like it’s right up your alley.

        1 reply 0 retweets 0 likes
      3. Austen Allred‏Verified account @AustenAllred Sep 25
        Replying to @Mat_Sherman @eriktorenberg @danielgross

        Ya Daniel check it out

        0 replies 0 retweets 2 likes
      4. End of conversation
      1. New conversation
      2. Stefan von Imhof‏ @stefanvonimhof Sep 25
        Replying to @AustenAllred

        I feel like nobody is understanding your tweet

        1 reply 0 retweets 3 likes
      3. Austen Allred‏Verified account @AustenAllred Sep 25
        Replying to @stefanvonimhof

        Me too

        1 reply 0 retweets 6 likes
      4. 1 more reply
      1. New conversation
      2. Quintin Woods‏ @qwoods13 Sep 25
        Replying to @AustenAllred

        Is this done with hope of a monetary return of some sort?

        1 reply 0 retweets 0 likes
      3. Austen Allred‏Verified account @AustenAllred Sep 25
        Replying to @qwoods13

        Yup

        1 reply 0 retweets 1 like
      4. Quintin Woods‏ @qwoods13 Sep 25
        Replying to @AustenAllred

        Struggling to determine whether it would create sense of ownership or a sense of support. I’m working on a new mentorship platform if you’re interested.

        0 replies 0 retweets 0 likes
      5. End of conversation
      1. New conversation
      2. Bill Bailey‏ @fromjamrock Sep 25
        Replying to @AustenAllred

        🤔 Maybe if someone started a school that invested in it's students with no payback until they're hired kinda setup. Something like that would be a good start.

        1 reply 0 retweets 2 likes
      3. Ayush Agrawal‏ @ayu_azuro Sep 25
        Replying to @fromjamrock @AustenAllred

        The one person who understood your tweet @AustenAllred

        0 replies 0 retweets 3 likes
      4. End of conversation
      1. New conversation
      2. Nathaniel Whittemore‏ @nlw Sep 25
        Replying to @AustenAllred

        Nathaniel Whittemore Retweeted Erik Torenberg

        Actually @eriktorenberg recently sparked a lot of conversations around this:https://twitter.com/eriktorenberg/status/1039968649635803136 …

        Nathaniel Whittemore added,

        Erik Torenberg @eriktorenberg
        Request for Startup: Personal Tokens (Self-IPOs). Income-sharing agreements have been justifiably controversial, but, assuming the downside is capped (no taking equity in people! no debt!), personal tokens could unlock so much human potential--and new types of investments.
        1 reply 1 retweet 6 likes
      3. 1 more reply
      1. New conversation
      2. Scott Miller‏ @sbmiller5 Sep 25
        Replying to @AustenAllred

        I think this was the original idea behind UpStart

        2 replies 0 retweets 9 likes
      3. 1 more reply
      1. New conversation
      2. Justin Poirier‏ @tokenizedcap Sep 26
        Replying to @AustenAllred

        I've wanted this for artists for awhile. The fact that we're still having trouble getting media made from some of the most beloved artists is baffling.

        1 reply 0 retweets 0 likes
      3. Mike Selden‏ @MikeSeldenFF Sep 26
        Replying to @tokenizedcap @AustenAllred

        Patreon is a cool mechanism that works fairly well

        1 reply 0 retweets 1 like
      4. Justin Poirier‏ @tokenizedcap Sep 26
        Replying to @MikeSeldenFF @AustenAllred

        I definitely appreciate Patreon and Kickstarter, they've changed things for the better certainly. We just need to cut out the middle man (so we don't need to give a company a 5+% cut).

        1 reply 0 retweets 1 like
      5. Mike Selden‏ @MikeSeldenFF Sep 26
        Replying to @tokenizedcap @AustenAllred

        Totally, an open source version would be rad

        1 reply 0 retweets 1 like
      6. Justin Poirier‏ @tokenizedcap Sep 26
        Replying to @MikeSeldenFF @AustenAllred

        I'd like easy investment in revenue shares available like @PlayFig and @Indiegogo have tried but with a quick path for creators that doesn't involve a lot of regulatory overhead. Limits to accredited investors or JOBS act overhead are preventing fan ownership from taking off

        1 reply 0 retweets 0 likes
      7. Mike Selden‏ @MikeSeldenFF Sep 26
        Replying to @tokenizedcap @AustenAllred and

        Interesting idea, on one hand it'd be cool to give artists more opportunity to have money but on the other hand I'm not a fan of wealth extraction systems

        1 reply 0 retweets 0 likes
      8. Justin Poirier‏ @tokenizedcap Sep 26
        Replying to @MikeSeldenFF @AustenAllred and

        Well I view it from the lens of artists or small conpanies retaining control. Raise for a low budget movie from large investors or studios and they likely demand control. Sell 50% of revenue up front to a widespread fanbase at low outlay per investor and the dynamic changes.

        1 reply 0 retweets 1 like
      9. Mike Selden‏ @MikeSeldenFF Sep 26
        Replying to @tokenizedcap @AustenAllred and

        Yeah fair that's not a bad plan, basically democratizing investment. As long as we live in capitalism it'd be a good idea to let people help each other like that. I worry that the potential for scammers is high but that's the same as kickstarter etc

        0 replies 0 retweets 0 likes
      10. End of conversation

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