> Money is given to friends.
Money is given to ideas that might become billion dollar businesses and teams that look like they can do it. Pedigree, domain expertise, previous exits.
> Money is given to friends.
Money is given to ideas that might become billion dollar businesses and teams that look like they can do it. Pedigree, domain expertise, previous exits.
That works under the assumption of the "wisdom of the markets", and we assume VC possesses that wisdom, but laid bare it's just as vulnerable to cronyism as any other institution.
Yeah, OK. There’s a lot hidden in that word, “pedigree”.
If you're being handed millions of dollars in early venture capital and don't have revenue/pmf to show, they're going to want to see a top university, FAANG, relevant industry experience, etc. How else would they underwrite the risk?
Team matters. What other proxies are there?
Skin color, political tendencies, gender.
Lately, for founders, to which prison they went.
So it will be exactly like git, but with a monthly subscription fee.
And AI... always add AI!
Upon every commit, AI will review your code to check if it's worth committing or not (after all, disk space is expensive these days!). If the AI finds the code is not up to scratch, it will be reverted and you'll be given a chance to try again.
Then, we will develop (read: sell) AI agents that will ingest a proposed code change (created by your front-line agent), and iteratively refactor it until the commit agent accepts it.
If the AI finds the code is not up to scratch, it will be reverted and you'll be given a chance to try again.
That's the Platinum Premier tier. If you're on the regular tier, paying the minimum, the AI will silently fix all that right up for you.
Should have known better than asking the monkey paw for more decentralized compute.
And regular subscription price increases. They never forget those!
or at least should be
This is the way!