Giving capital to promising people “too early” in their career is a great idea with much further to go, and the power law provides an interesting way to finance it.
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YC is a great example. You can imagine taking that further—giving $25k to the smartest and most determined 100,000 people you can find each year to work on whatever they want, in exchange for the right to invest in their next startup. A country could make the economics work.
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Replying to @sama
It's hard to define the "right to invest in their next startup" part without crossing into exploitation. E.g. what if their cofounders don't want you to invest? From their POV, the people you've funded are carriers of an obligation that infects the whole company.
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haha, good point.
10:24 AM - 1 Aug 2020
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