venturecapital

thought: 

venture capital is giving millions of dollars to relative strangers, for products that haven't really been built, in markets that barely yet exist

it is the worst system of funding innovation, except all the others that have been tried

💯

University R&D, government subsidies, crowdfunding, grants… am I missing any other systems of funding innovation that have been tried?

Operator turned investor. Work in TradFi. Exploring the future of social investing @crossroads.  🟪