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Investing in people - Humanism or not himanism?

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3 years ago

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Investing in founders and not in companies, how do you like the idea? The math behind really makes sense. Investing in the founders is indeed less risky than investing in the companies—they die less often, but win just as much 💀 🧵:
Similar ideas have been in the air for a while, mostly in form of turning an hour of your time into stock (that should appreciate), but this project does it differently—you can sell a share of all your lifetime assets 👀 And I don't know what to think about it
On the one hand from the venture point of view the motivation it's not much different from startups You get capital upfront which you can use to accelerate growth, scale more aggressively, or capture the market, leading to higher revenue in the long term than if you bootstrapped
95% of 10M is more than 100% of 1M In this context, giving away some share of yourself (😬) to get early leverage looks reasonable But why the heck does it feel so wrong!?
Emotionally it feels like selling your soul How to sleep at night knowing that all you have is not fully yours? Could you ever be self-employed, or there is no more "self", but only a board of directors? And if by selling 100% you become a slave, this way you're a 5% slave?
But on the other hand, taxes didn't go too far from it. We are ok giving away 20-40% of all we have for our whole life and sleep tight knowing this And say it will be 21% or 25% instead, who cares, but in return you get capital that you can invest in yourself as you wish...
It's a really nuanced ethical question, would be curious to know what thinkers like @naval think about it, and do reply with your opinion! The funniest part, prepare for it.. Is that it's called HUMANISM *mic drop* Source: humanism.is/
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Oleksii Sidorov

@acecreamu

CEO @slise_xyz. Co-founder @ Suggestr (@YCombinator W22). Ex-@MetaAI, ex-@UniofOxford. @AllianceDAO. My insights and coolstories on startup building and VC 🫡