I always thought it would makes sense for Entrepreneurs to join a shared pool to spread the risk around a bit. This way instead of 60-90% getting nothing when their startups fail, they can all share in the top successes. This fund is helping them do this, which seems like a good idea.
Yes, I wondered about that too but I'm not sure about the legal issues involved. Though once they allow regular people to invest in startups, founders can sell some equity and use the money to invest in a pool of startups.
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I always thought it would makes sense for Entrepreneurs to join a shared pool to spread the risk around a bit. This way instead of 60-90% getting nothing when their startups fail, they can all share in the top successes. This fund is helping them do this, which seems like a good idea.
I've had this idea too. I think this can be more than a VC perk though - maybe a marketplace that fosters equity swaps between early stage startups.
Yes, I wondered about that too but I'm not sure about the legal issues involved. Though once they allow regular people to invest in startups, founders can sell some equity and use the money to invest in a pool of startups.