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Wonder if people like you think about funding startups that are not attractive to traditional investors. I'm talking about funding outsiders with something that
by ibaikov 5y ago
Wonder if people like you think about funding startups that are not attractive to traditional investors. I'm talking about funding outsiders with something that doesn't sound very exciting, but might work out
- jessaustin 5y agoIf this person wanted to hear about that sort of opportunity, they probably wouldn't have been so careful about secrecy.
- adventured 5y ago> funding startups that are not attractive to traditional investors It's a great way to lose a lot of money. It's why venture capitalists prefer to play with other people's money. You better absolutely love playing god with start-ups, because there is a hellish nightmare that can go with allocating capital to high-risk new businesses, tracking everything, being responsible for it, enforcing legal agreements, dealing with lawyers and accountants, dealing with conflicts, watching people do incredibly stupid things with your money, and on and on and on it goes. And you can't just hire people to entirely remove you from the annoying aspects, because that's an even faster way to lose a lot of money.
- ibaikov 5y agoExactly, so if people don't really care about being rich - they might do this like some sort of charity. I understand there are lots of charlatans and con artists, but I think basically giving away money this way is a good way to make progress in research etc as a civilization. We need to fund boring stuff and randomly give money to people who can't raise from VCs.