Venkatesh Rao Retweeted Venkatesh Rao
The responses here kinda reveal all the weaknesses of crowdfunding as a paradigm
The union of the revealed preference sets is like the opposite/shadow of good impersonal institutional funding ideas.
Crowdfunding = wisdom-of-crowds + i*madness-of-crowds.https://twitter.com/vgr/status/1097679237815840769 …
Venkatesh Rao added,
Venkatesh Rao @vgr
Who would you put on a shortlist of people who should be given a ton of no-strings-attached money to do whatever with, because they’ve demonstrated a general ability to produce valuable-but-not-monetizable output? Non-universal, non-basic income.
(besides you and me of course)
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2:22 PM - 19 Feb 2019
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