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VCs invested $146 billion in US based startups in 2020, that's around $500 per citizen. We'd be much better off giving each American $500 democracy dollars to i

• daniel_iversen 5y ago
  Not sure how much people can achieve with $500, let alone their expertise to be able to make the correct investment choice, let alone their willingness to even use the money in such a smart future-proof way vs just using it for door/school/presents/drinks/whatever - Basically the money would just end up in Amazon/Walmart/J&J/AbInBev pockets at a higher rate .. I think you have too much faith in the average person!
  • m_ke 5y ago
    The money would trickle up then to things in highest demand! But I didn't mean giving people cash to spend on random goods. It would have to be a system that prevents them from using it on personal projects and probably something organized more like kickstarter, where projects have funding goals and you have to allocate a portion of your budget to them. I'd imagine type 1 diabetics would allocate a large portion of their funds to cheaper insulin alternatives. Software engineers to open source projects that they depend on.
  • bradlys 5y ago
    Yeah - seriously. What average person is going to do anything with $500? If you changed it to $50k then maybe you’d get somewhere. I think many here overestimate the working ethic and adventurous spirit of the average American. From the people I’ve seen - they’ll just spend it on a fancy car.
• kfarr 5y ago
  Agreed, and I think majority of Americans would be "investing" in food, transportation, housing and other basic goods that would benefit normal people more directly than VC investment to Delaware C-Corps.