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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can you rephrase? not sure I'm following (syntactically)
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Can I use a specific example to make it a bit more concrete? Consider a Series A round in venture funding. It might be for about $5 million these days. The cost of evaluation for a successfully closed round is north of $100k when you account for time of the relevant people.
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(This is sort of a shadow argument for having some non-trivial percent of the funding for some field come from individuals, not because they'll be as competent as e.g. professional capital allocators or a government funding agency but *precisely because they won't be.*)
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(Like, if you're looking for funding close to the edge of human knowledge, you should want non-zero someones capable of writing a check to a project with an underdeveloped proposal, a seeming misunderstanding of basic science, and perhaps X0% likelihood of being outright fraud.)
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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. -
It was honestly rather shocking. A lot of extremely capital constrained people, and no mechanism to fund them.
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You could be a lightning rod for this.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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Seems like
@ycombinator does that.Thanks. Twitter will use this to make your timeline better. UndoUndo
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