I'm as much for promoting startups as the rest of you, but is a massive, blind infusion of cash the answer? The thing about YCombinator, Sequoia Capital, Kleiner Perkins, DFJ, etc., is that there just aren't too many of them. There was an article on here just the other day heralding the end of VC as we know it, because the vast majority of the industry wasn't producing good returns.
Investing in startups is the most difficult capitalistic resource allocation problem you can get into because you have no "reputation" to go on. When you're investing in public stocks and bonds, you're usually dealing with companies that have an established track record, or an area of the economy where the variables are known. But that is by definition not the sort of thing we're interested in doing here.
The real question should be, how many startups can PG and team invest in and coach if money were not the limiting factor? Is money the limiting factor right now?
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I'm as much for promoting startups as the rest of you, but is a massive, blind infusion of cash the answer? The thing about YCombinator, Sequoia Capital, Kleiner Perkins, DFJ, etc., is that there just aren't too many of them. There was an article on here just the other day heralding the end of VC as we know it, because the vast majority of the industry wasn't producing good returns.
Investing in startups is the most difficult capitalistic resource allocation problem you can get into because you have no "reputation" to go on. When you're investing in public stocks and bonds, you're usually dealing with companies that have an established track record, or an area of the economy where the variables are known. But that is by definition not the sort of thing we're interested in doing here.
The real question should be, how many startups can PG and team invest in and coach if money were not the limiting factor? Is money the limiting factor right now?