Oh absolutely, these students would be actively applying to be trained by the teacher. And you’re right, the student retains full agency; the teacher can’t (and shouldn’t) control what they do.
As for returns: there are no guarantees, just like in venture capital. The model assumes a power-law distribution — you might mentor many students, but only a few will generate outsized successes. As AI makes outcomes more extreme, this dynamic will likely intensify, which is why equity (rather than debt) is the only model that works.
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Oh absolutely, these students would be actively applying to be trained by the teacher. And you’re right, the student retains full agency; the teacher can’t (and shouldn’t) control what they do.
As for returns: there are no guarantees, just like in venture capital. The model assumes a power-law distribution — you might mentor many students, but only a few will generate outsized successes. As AI makes outcomes more extreme, this dynamic will likely intensify, which is why equity (rather than debt) is the only model that works.