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If you think about it, it kind of makes sense. OP is in a situation where he haas much more money than time, however due to his position in the world, he can se
by spyhi 8y ago
If you think about it, it kind of makes sense. OP is in a situation where he haas much more money than time, however due to his position in the world, he can see many opportunities--generally this is true for professional investors, too. For a normal person, pursuing one means there is an opportunity cost, but for an investor it makes sense to buy a slice of the action in an opportunity they believe in. Being a proper investor (mentoring, introductions) also takes time, so that's another disincentive from OP's perspective to being a founder vs a funder.
Also, investors have things thing about inventing the future by funding it. Generally, individually or as a group, they'll decide something is going to be the next big thing and start cultivating deals in that area. One you can see happening in real time is space: Randomly in the last couple of years, investors have put together huge funds around space ventures, even though serious commercialization still seems to be a ways off. Even OP referenced it in his blog post.
As for why a founder vs a compensated product owner? Because a founder presumably has spent a lot of time thinking about the problem and is intrinsically motivated to solve it--so much so that they've done all the legwork to assemble a team and gather enough data to be investment-worthy. If as an investor you're wrong about the opportunity in this space, it's a whole lot of risk and cost and time you don't have to take on yourself. By advertising a pot of money, instead of searching for the right person, the hope is that the right person and team will eventually come to your door.