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Agreed it would be hard to sell to the public. Perhaps if the following point could be more visceral: "$1B invested in 50,000 startups would conservatively cr
by timf 18y ago
Agreed it would be hard to sell to the public. Perhaps if the following point could be more visceral:
"$1B invested in 50,000 startups would conservatively create 250,000 jobs immediately. If just 2% of those startups became wildly successful they would create 3 million to 5 million jobs."
http://news.ycombinator.com/item?id=497559 http://news.ycombinator.com/item?id=497559
- jacoblyles 18y agoSure. You could make numbers up and hope they are true. Just be sure the homeless shelters are well-funded for when the money runs out.
- timf 18y agoWouldn't you say the same thing for any public funding of private ventures, why does the volume matter? I don't support the government-as-vc idea myself but not because of any job projection numbers (real or made up). I think science and technology funding like NSF is a better way for the government to get involved in long term value/wealth/job creation in this country. The outcomes of the efforts can be more easily shared by the shared public money put in, seems more ethical to me.
- jacoblyles 18y agoI think inviting 250,000 people to your city with three months of funding is going to have lots of unplanned side effects, many of which will occur three months after the initial funding date.
- timf 18y agoThat comment was more about how to point out the "leverage" that was possible, not any actual number.