A thing you’re going to start seeing more frequently: software companies entirely funded by software people, without needing to tap traditional large pools of money (VC funds backed by pensions/universities/family offices) basically ever.
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Replying to @patio11
i've started wondering what a like, angel index fund might look like
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Replying to @steveklabnik @patio11
... maybe index is wrong here, idk. the definition is obviously weird, but some way of being like "I have a software job but am not wealthy enough to be an angel but i do have $5k, diversify across startups somehow"
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Replying to @steveklabnik @patio11
angellist funds / access fund does this although minimum is order of magnitude higher (100k). as of last year the limit for investors in angel fund went from 99 to 249 so i would expect to see more of these crop up over time. still pretty cronyism/networking based though sadly
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ah interesting! makes sense angelist would try to do this.
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i mean an interesting problem here is running foul of the accreddited investor rules, but i bet a large number of amagoogapplezonsoft folks actually meet it
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Replying to @steveklabnik @bri3d
I expect someone to eventually have a fund of $25k * 10k geeks, and it will be *really interesting* how they decide to allocate that (and, relatedly, how they decide to market it).
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You could imagine variants like "I have conclusively identified the most underfunded problem in the world. Your IRR is your name on the plaque they put next to Jonas Salk's.", "Do you enjoy Star Wars and Star Trek? We fund space. That's it.", etc.
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And, much more plausibly to me than it probably is to most people: "The media suggests that it is possible to win a national election in the United States or the United Kingdom on approximately the level of sophistication of a Series B startup. This suggests an opportunity."
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Didn't
@Pinboard try this back in 2018?1 reply 0 retweets 0 likes
Yeah I invite Patrick to give it a shot.
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