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> How long before people are trading options on risk weighted batch of people? Lol I actually love this idea. Funding an ETF of people who want to move to SF t
by TimJRobinson 6y ago
> How long before people are trading options on risk weighted batch of people?
Lol I actually love this idea. Funding an ETF of people who want to move to SF to start a career in tech, or LA to start a career in acting. Diversify your risk and support some people with potential. Could have an acting school equivilant of ycombinator and you can invest in all each batch and get a return if some succeed.
If we want a metiocracy this could help build it, by giving more capital to those who have potential but are disenfranchised by existing institutions.
- angry_octet 6y agoYes but remember 2008? All those loans that turned out to be sub-prime? All those complex risk products no one really understood? So, instead of Indian SWEs and 3rd sons of teachers you thought you were investing in for grad school, you're paying people to be swindled at Trump University and indentured training for long haul trucking. Meanwhile the YC30 talent bonds were sold to a select group of connected investors, and pension funds bought job lots of Invisalign techs from brokers making a steady commission.