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Ben - [C/x]
@benersing
Imagine VC doesnt exist. No one is financing high risk, high growth early stage ventures. Pure white space. What would the optimal system/process look like? What wouldn't be included? $degen and / or $warps for most thoughtful contributions.
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𒂠_𒍣𒅀_𒊑
@m-j-r
there'd be a standard grant for the initial proofs of concept (like https://warpcast.com/m-j-r.eth/0x1e571623), as well as a probationary cascade for consecutive failures in the case of blue skies research. someone's who's repeatedly failed should falsify new guesses to a greater degree.
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𒂠_𒍣𒅀_𒊑
@m-j-r
in other words, for all the risk & upside involved, the game is making as many bets as possible that survive to see another day (without rinsing anyone but the risktaker) I assume all significant upside can be detected as a viable project regardless of the hype/momentum trade of funding.
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