koololdkool

Joined 9 years ago

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Jan 6

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The crowdfunding response is feels like common incumbentspeak. YC is threatened by crowdfunding so it seems like Altman can't see it straight. It looks like a major blind spot.

It would be great if YC actually did "eat itself" and usher in the crowdfunding era. This is certainly contrary to the exclusive club they are today but it beats being subsumed. And YC does have good things to teach people and is quite generous. It would be good for the world if they were the ones that did this. "Kickstart with equity" is clearly the model of the future. Indiegogo is working on it.

Comment · 9 years ago

Holy shit. He could do it. He will be 35 by 2020, so he really could be the next president.

I'd vote for him a heartbeat. He's a young Bill Gates. He would do an amazing job if he could rally the young and make internet voting a reality so people actually participated in government.

Yes, yes, he would scare people about controlling the vote but then he would employ cryptography experts that we would all agree have created a verifiable system...He's technical and looks up to technical people, he would listen to all of them and create unprecedented transparency.

As much as I'm not a fan personally I actually think something like Facebook could fix our democracy. If...if..it was executed in a totally public and transparent way and was a genuine revolution of the people ala Bernie.

We could have an American Social Network that included voting...it may be somewhat expensive but everything could be audited 100 different ways in public...public blockchains as auditing mechanism.

Reserve your username today!

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Comment · 9 years ago

This is the future of startup funding. Money isn't the big problem with VCs, it's the lack of vision and old boys network mentality.

Real people with small amounts of money can easily fund all of the great ideas in the world. Even big ones I think, like cancer research. If properly controlled (diversified, limited) it really could be the best way for people to invest maybe 10% of their savings.

We just need a lot more work done in this area until it's safe and simple for people and companies. This will be one of the many things that cause technology to accelerate even more in the future.