You can add location information to your Tweets, such as your city or precise location, from the web and via third-party applications. You always have the option to delete your Tweet location history. Learn more
Sometimes you run across a transcendent formulation of an idea you *almost* had and so it stops you dead in your tracks. Take that moment, if you can, and acknowledge them.https://twitter.com/webdevMason/status/1039311534525042689 …
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?
Eric, I would love your feedback on what might be the best idea I've ever had: “The DAO of Civil Society” @MadLambxhttps://medium.com/@madlamb/the-dao-of-civil-society-70831809a6f6 …
I’m likely not the best person to comment on this but I would recommend Jordan Greenhall and his group on this topic. They have thought about this in depth. Thanks!
His breakdown of the Blue Church vs the Red Religion helped me a ton with making sense of the world.https://youtu.be/4wdmed9KgwI
A "human capital contract", ie selling a share of your future income (to fund education now, for example), has been an idea for a long time, though it has failed so far in practice.https://www.theverge.com/2013/2/26/4031938/new-crowdfunding-platforms-let-you-sell-stock-in-yourself …
@SharpestMindsAI (YC W18) is already doing this. Experienced engineers invest their time + expertise in exchange for a small share of the future revenue of their mentees.
Because at a fundamental level venture capitalism as currently existing is a rent seeking ecosystem and the incentive aren't aligned with the communities whom these these folks belong to?
“VC thinking” isn’t even prevalent in VC. It’s much easier to follow the heard, and artificial barriers keep the truly disruptive individuals and ideas out.
Beyond early stage, VC is metrics & herd mentality. All the action in this casino is in the nickel slots that pay out 1000000x. But LPs want their boys dressed up & seen at the (lower-returns) high roller table You can't upgrade VC without upgrading LPs. Classic agency problem.
Check out @VemoEd - changing the way we pay for #highereducation away from student loans to a percent of your salary for a limited time after graduation.
Where's the exit?
In the structure of "buy a share of a person's future income", you have a dividend stream, which can be sold as a capital asset.
Adverse selection abounds.
Find a good case candidate and write the first check.
Colleges give scholarships. Businesses give internships. Families foster children. I think there are lots of other VC’s in action. What in an example you desire?
Banks give loans.
We do; it's just not VC per se. See @LambdaSchool and @AustenAllred for instance. They "invest" in people by providing them an education and then take a percentage of future income, w/ a cap. Also, the waterfall doesn't start until some threshold is met. It's pretty cool.
I need my first big break, but am only now understanding how to find it. Those who just miss the top 10% are stuck working for others (especially if they are older) and falling behind. Secular Religious systems could provide exemptions and bridges for the non-Capitalist.
People in general not willing to assume much risk. VC's have built in network of early adopters, feedback loops, which accelerate product maturity. VC's look for teams mostly (good reasons here) not individuals. Teams=startups. So what would this look like? How about @minnotank?
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.
