The Scaife Viewer is a reading environment for pre-modern text collections in both their original languages and in translation. It is the first phase of work towards the next version of the Perseus Digital Library, Perseus 5.0.
I use the word arbitrage because we're not talking about different markets in different geographies. We're talking about different markets that exist in different people's minds. If I can fundamentally understand, and believe in, a market more clearly than any other investors then my equation can change in ways that give me an advantage.
Second, because VCs are investing earlier, they are taking far more risk on the ability to scale up these technologies, even if they can be proven to work.
Founders Fund recently hosted a panel on defense: a conversation at the intersection of the U.S. government and the technology industry, or D.C. vs. Silicon Valley. Moderated by Dan Primack, and featuring Chris Lynch, Heather Podesta, and Trae Stephens.
One of the biggest challenges for nuclear fission is economic: New plants take years to build and cost billions of dollars. A number of factors contribute to nuclear fission’s economic challenges, which have only increased over the past few decades. In addition to the obvious capital costs, onerous regulations stretch out the development times for... See more
Of course most funds hope that not all but one company they invest in has an exit, so the GPs must then make some assumptions around the percentage of companies that go to zero, return 1x capital, return a modest 3x capital, return a healthy 25x capital and return more than 100x capital. Making assumptions around graduation rates can help GPs... See more