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> This just looks like another VC firm I don't think VC firms fund poets or musicians :) > communities that reward intellectual curiosity, encouraging the cul
by danicgross 8y ago
> This just looks like another VC firm
I don't think VC firms fund poets or musicians :)
> communities that reward intellectual curiosity, encouraging the cultivation of ideas and potential businesses that provide value.
I agree! That's exactly what's we're trying to do. I think most people we fund will never start companies. I hope they'll become great researchers, civic activists or artists. For the fraction that do, I hope we'll be significant enough of a needle mover in moving them as a person from idea to product that we'll deserve the small amount of equity we ask for.
- mehblahwhatevs 8y ago> I don't think VC firms fund poets or musicians :) How would you fund a poet or musician in your funding model? Do they put an idea for a song or some such on the board and it's voted on? Who decides what poet is good or bad (it's entirely subjective?) Also what's the payout for investment in a poet? They aren't likely to start a company. So if I'm going to start a company and I take your investment is it "fair" that a poet receives the same investment but doesn't have to fork over a % back to you like I'll have to?
- Alex3917 8y ago> I don't think VC firms fund poets or musicians :) Most mainstream musicians are funded by VCs. I think they call them something else in the industry, but the economic model is similar.