The fuck around and find out economy

The second path is to create an idea, mechanism, feature, or whatever that is so novel and unique that it survives and eventually sifts down on the back of another product, even if the company that created it fails.

There should be Retroactive Public Goods Funding for those founders crazy enough to try something truly new that failed as a business but succeeded in creating useful mutations, maybe even ticker tape parades, and certainly not derision.

Venture capital actually does a pretty great job here (the beauty of the model is a subject for a future piece, ... See more

The best example of this alternative product is Indie.VC, run by Bryce Roberts. Over the course of 6 years, Indie invested in 40 companies. It held the two key components of limited fund size and gave equity optionality through redemption clauses or equity buybacks. The results are encouraging, with a 51% IRR and 4.3x TVPI, while 87% of the compani... See more

The idea to split us all into mini-Medicis through platforms like Patreon, if anything, has only further diluted the actual value. It's not just about the fact that they financially support you (that's called a customer, or a customer who tips generously), but that they actually help grow your potential by using their status and name and resources ... See more