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VCs and angel investors sort of suck in a lot of greedy capital ... and lots of greedy capital gets its clock entirely cleaned ...
... and that's NOT anywhere close to being a bad thing ... separating fools from their capital is how the capital markets in well-developed complex economies work EFFECTIVELY and EFFICIENTLY.
We cheer loudly when GREEDY idiots get a quick education ... the school of capitulization after booms is how short-term greedy and get-rich-quick investors EFFICIENTLY parted from their capital ... that form of karmic punishment is effective and not really a bad thing ... severe pain is a good instructional device for people who worry about getting rich.
But ... not ALL capital is bad or greedy capital ... some of it is the result of shrewd awareness of how value is created AND the result of compounding of really smart, disciplined thoughtful investing ... there IS virtuous capital ... HOW would we attract PATIENT, informed, actively involved socially-responsible capitalist?
FIRST and easly the most important point... we would NEVER EVER EVER take in their capital... as is usually done in a fund ... instead Sustain Fund is all about OpenSourcing the operating systems of fund management and intelligence gathering so that people could manage their own money ... DIRECTLY developing relationships with nanoenterprises and investing in them in TINY, MINISCULE amount, ie only to encourage and engage in the human-scale SUSTAIN ... sustaining the will of the new nanoenterprise.
We would never ever ever reinvent something that a VC firm, angel investor network or other entity in the capital markets is doing well ... we will congratulate entities for doing well ... we will not seek to replicate their efforts ... instead we will aggressively seek to get others to steal our ideas and use them better than we could ever use them.
The text was updated successfully, but these errors were encountered:
VCs and angel investors sort of suck in a lot of greedy capital ... and lots of greedy capital gets its clock entirely cleaned ...
... and that's NOT anywhere close to being a bad thing ... separating fools from their capital is how the capital markets in well-developed complex economies work EFFECTIVELY and EFFICIENTLY.
We cheer loudly when GREEDY idiots get a quick education ... the school of capitulization after booms is how short-term greedy and get-rich-quick investors EFFICIENTLY parted from their capital ... that form of karmic punishment is effective and not really a bad thing ... severe pain is a good instructional device for people who worry about getting rich.
But ... not ALL capital is bad or greedy capital ... some of it is the result of shrewd awareness of how value is created AND the result of compounding of really smart, disciplined thoughtful investing ... there IS virtuous capital ... HOW would we attract PATIENT, informed, actively involved socially-responsible capitalist?
FIRST and easly the most important point... we would NEVER EVER EVER take in their capital... as is usually done in a fund ... instead Sustain Fund is all about OpenSourcing the operating systems of fund management and intelligence gathering so that people could manage their own money ... DIRECTLY developing relationships with nanoenterprises and investing in them in TINY, MINISCULE amount, ie only to encourage and engage in the human-scale SUSTAIN ... sustaining the will of the new nanoenterprise.
We would never ever ever reinvent something that a VC firm, angel investor network or other entity in the capital markets is doing well ... we will congratulate entities for doing well ... we will not seek to replicate their efforts ... instead we will aggressively seek to get others to steal our ideas and use them better than we could ever use them.
The text was updated successfully, but these errors were encountered: