here's the question (and I am NOT a socialist/communist etc.) - is there a better way? I challenge you to steelman one - e.g., governments should fund everything - heck, call it basic income, and if you can prove you are "working" you get funded.
"Those are tiny examples. On a larger scale, a16z recently announced that it would be “supporting candidates who align with our vision and values specifically for technology.” It also built a world-class crypto research team based on the belief that “There is an opportunity for an industrial research lab to help bridge the worlds of academic theory with industry practice.” The team has since built and open sourced a number of useful research-based products, including Lasso and Jolt.
My hunch is that this is the beginning of a larger trend in which venture capital firms use their management fees, which are already netted out of the return numbers I shared earlier, to support the industries they invest in in increasingly creative ways. "
Wonderful piece; was not aware of the quality of returns and the dynamic of megafunds & smallfunds.
I am curious; how do you think the role of media will play into influencing the VC ecosystem and deep tech gets funded?
Packy after three years of running Not Boring Capital: "Now I am become venture capitalist, the investor of worlds."
“Private equity is an asset class.” 😂
here's the question (and I am NOT a socialist/communist etc.) - is there a better way? I challenge you to steelman one - e.g., governments should fund everything - heck, call it basic income, and if you can prove you are "working" you get funded.
"Those are tiny examples. On a larger scale, a16z recently announced that it would be “supporting candidates who align with our vision and values specifically for technology.” It also built a world-class crypto research team based on the belief that “There is an opportunity for an industrial research lab to help bridge the worlds of academic theory with industry practice.” The team has since built and open sourced a number of useful research-based products, including Lasso and Jolt.
My hunch is that this is the beginning of a larger trend in which venture capital firms use their management fees, which are already netted out of the return numbers I shared earlier, to support the industries they invest in in increasingly creative ways. "
Wonderful piece; was not aware of the quality of returns and the dynamic of megafunds & smallfunds.
I am curious; how do you think the role of media will play into influencing the VC ecosystem and deep tech gets funded?
Very interesting, thank you!