Yet instead of doing what would be fun, and thereby maybe solving stuff, people do what they're told they 'must', or what they think they 'should'.https://twitter.com/webdevMason/status/1222631434235473920 …
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A thing I feel moderately strongly about and hope to experiment with eventually: the first
$X for some X which funders broadly consider is not just too low to matter but too low for them to even *contemplate a funding decision* would unblock stupendous amounts of value. -
I participated for a year or so in the
@awesomefound Toronto (a@timhwang production, among others). 10 people would each throw $100 into a pot each month, and we'd fund a $1k micro-grant. The first month we had, IIRC, 1,300 applicants. I'd guess 200+ were worthwhile. - 1 more reply
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isn't this another way of saying arbitrage opportunities don't exist? capital markets are highly inefficient for a whole host of reasons
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classic contrarian investment strategy is to get money into things that you believe will be huge before they are legible to anyone else, profit off the time lag. success derisks, others come in at higher price later
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Reminds me of Keck foundation - they explicitly ask to see your rejections from other agencies.
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Isn't this pretty much
@peterthiel's rule already?Thanks. Twitter will use this to make your timeline better. UndoUndo
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Was told in a session w/DARPA they scour the world and fund only ideas they think no one else will deliver in the next decade.
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@FQXi seem to be doing that. Or at least aiming to do it.Thanks. Twitter will use this to make your timeline better. UndoUndo
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This is one reason why the VC funding model isn't well-suited for funding quantum technological leaps: Most firms won't do a on their own.
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