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Hi, I'm Alex from Gresham Dollar (Now Greshm Dollar). I am pretty much the opposite of what you would want in a founder. My background is very shaky and I don
by Suncho 10y ago
Hi, I'm Alex from Gresham Dollar (Now Greshm Dollar). I am pretty much the opposite of what you would want in a founder. My background is very shaky and I don't have a college degree. I barely graduated high school. I used to hack together CRUD apps until I got bored out of my mind and just stopped.
I was the first Druid on my realm to level 60 when World of Warcraft came out though, so there's that. But I wasn't really a team player and I couldn't get into any of the good guilds. I also never had any gold because I was busy doing fun stuff instead of mining thorium or whatever.
From 2006 to 2008, I worked on a virtual reality headset with my father:
http://www.leepvr.com http://www.leepvr.com
My father's health declined and our project never turned into anything. Well, that's not exactly true. Palmer Luckey used my father's lenses in the first prototypes for the Oculus Rift, but I had nothing to do with the development of those lenses.
Before I came up with the idea for Greshm Dollar, I briefly wrote a blog exploring some of the ways in which technology was transforming society:
http://www.suncho.com http://www.suncho.com
I wasn't really trying to come up with an idea or looking for a way to make money. I just always assumed basic income was inevitable. For a while, I had known that a government could pay for a basic income through deficit spending (small leap from Post-Keynesian macroeconomics). But then when I was contemplating the crisis in Greece, I came up with an idea for how to smoothly introduce a new currency and it all clicked for me.
Everything I know about money, banking, economics, and finance, I learned through books and MOOCs.
Anyway, with my credentials, there's no way I'd get into Y Combinator or the YC Fellowship the normal way, so here I am!
- bbcbasic 10y agoWhen I first read your idea I thought this is the dumbest thing ever. Then as I read your responses and saw that you had an absolutely well thought out answer for every objection I questioned my own sanity. I think your experiment is worth a go, and I think you would make a good founder. Inface the only problem I see is how YC will make any money from you other than investing in future dollars (which anyone else can do). Perhaps I need to read your thread again to see if that was answered. But my point is you sound like you could make a good founder and I don't think there is a magic formula but desire, drive, ambition and humility will be up there in my opinion.
- Suncho 10y agoWow. Thank you for the encouragement. the only problem I see is how YC will make any money from you other than investing in future dollars (which anyone else can do). Perhaps I need to read your thread again to see if that was answered. It wasn't answered. This is indeed a challenge. If we stick to the letter of the rules for YC Fellowship, I'm not sure how much YC stands to gain by taking 1.5% equity in Greshm Dollar. One thing that might work is that we could underprice Future Greshm Dollars for YC. Or maybe we could issue call options on FGD that YC could exercise after the FGD price has risen. I'm confident we can arrange something with YC.