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Cameron Armstrong
@cameron
We glorify life's work outcomes over fund cycle timelines. How do we square this anomaly with the stable happiness for the creators of knowledge capital?
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Ben
@benersing
It's a byproduct of the current nature of risk-on capital markets, plus capitalism wasn't intended to optimize for individual happiness. If anything that's an anomaly.
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Cameron Armstrong
@cameron
So by happiness i mean less in a fluffy sense and more in a "how do we keep competent people going longer because that ultimately increases GDP" <- plenty to debate in that but its a close representation of my first principles Can you flesh out why risk on = shorter timeline celebration?
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Ben
@benersing
Can you expand on 'going longer'? Are you referring to doing so as independent freelancers / creators? General career longevity? Other? It's not a celebration as much as a present reality: LPs invest into GPs with a 10-year fund lifecycle expectation, therefore GPs invest in founders with a similar expectation.
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Cameron Armstrong
@cameron
Going longer in this case means choosing a Spacex problem over a 18 month AI wrapper sprint - i guess it's the entrepreneurs version of the "boo hoo public markets are too short term focused" problem I think the mechanics of fund cycles are definitely part of it, but basically all startup lore is focused on speed
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