Giving capital to promising people “too early” in their career is a great idea with much further to go, and the power law provides an interesting way to finance it.
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The main difference is that private investors care about what students learn and only invest in education that pays back or useful for society. Free gov education has no incentive to provide useful education. Reading poetry for 4 years may be OK for Gov money...
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Isn’t that better though? VCs are only able to invest in economically viable development whereas governments can invest in culturally viable development?
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No because in Sam’s idea the people are chosen. Big difference in incentives.
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How does one “choose” 100.000 people? And how is that different from college admission? https://twitter.com/sama/status/1289609928382922752?s=21 …https://twitter.com/sama/status/1289609928382922752 …
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