1) Selection would be a much longer process. It'd look like Pioneer or Startup School. You'd receive value up-front from the accountability, support, community, and connections fostered through the platform.
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Your P2P interactions and usage data would help determine your potential upside. And, of course, that would help make the decision of whether to invest in you.
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2) Unlike Pioneer, winners wouldn't be flown to San Francisco for a week. They'd be flown to cheap cities like Medellín, Mexico City, or somewhere in SE Asia for 6 months. ~$15k USD/person.
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$2,500/mo can get you a really high quality of life in those places. That's a big reason why they're melting pots of international entrepreneurs and creatives. (That can be a whole other thread)
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Every city would have their own cohorts. Dinner, community activities, shared coworking, etc. I wouldn't encourage crazy work hours on the weekends unless they wanted to. Sometimes you can be more productive and creative by taking a break and exploring.
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3) That said, of course, the focus wouldn't be on folks with high opportunity costs (ie, ex-Googlers) It would be on really young folks without much of a track record.
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I'd even try to push the minimum age. I'm sure there are really talented people around the world that aren't yet 18.
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4) When it comes to network value, I'd double down on focusing on the blend of online + offline networks, not just offline networks. Interesting talent and connections live all around the world, and we have tools to facilitate those connections.
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I'm reallllly bullish on this point. Here's what I wrote about that a few years ago.pic.twitter.com/Ze5PpwzGDg
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Instead of having participants go to an expensive city to meet a handful of people, I'd spend a fraction of that money on having various alumni and connections of the fund fly in. They'd volunteer their time for a weekend/week or so in exchange for investment rights + free vacay
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(Well, a working vacation where they'd be treated to the nines)
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4) Investment terms would be a mix of
@pioneerdotapp's terms, and@indievc's terms. Go the VC-backed route, or just do your own thing and make it profitable.Prikaži ovu nit -
Novi razgovor -
Čini se da učitavanje traje već neko vrijeme.
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