Perhaps a trusted certificate system (similar to https) might work for proving legitimacy?
subarctictundra
It's from all that soy milk
That's a good point - even just making your grant money go further (with partially repayable loans) is very valuable compared to using it all on a one time grant which might fail
Yep. You're essentially looking for someone willing to buy debt with a substantial chance of non-repayment. Perhaps if these business loans were bundled then you would at least be able to predict with some certainty what percentage of the money you were likely to get back.
One source of inspiration that springs to mind are UK Student Loans, where incomplete repayment is expected (repayment is income-contingent and the loan defaults (with no consequences) after a fixed period of time). You'd think it would be hard to sell debt of which a substantial portion wasn't going to get repaid. But in the case of British student loans, pension funds seemed to be interested in buying the debt, I assume because the long term predictabiloty of the repayments made up for the incomplete returns [aren't normal loans predoctable too thouh?]. Anyway I'm getting side-tracked, this might not be all that applicable to startup funding.
Look at all the things that are the result of humans direct action. Now understand how many jobs occurred for the person that finally "did the thing" you're looking at.
Hmm, this is actually a great perspective to look at this from. I'll try this out
The intersectional jobs aee also a great tip. I'll start digging
Do I understand correctly that he argues that people pay for convenience, which means that by eg. charging for the convenience of using NuGet (and donating some of that to the developers) they'd be willing to pay you even though the software itself is free already?
Credit unions are a good idea and I don't understand why they aren't more widespread. Would the infinite growth pressure of publicly traded banks (which I assume CUs don't have) be enough to incentivize them to push all the CUs off the market?
Ah, very good point.
If your startup fails, you don't have to pay it back, they take on the risk with you. However, if you succeed, they own you forever.
I see now. I suppose small business loans favor a more tempered approach whereas venture capital better incentivizes a more frantic approach of throwing things at the wall and seeing what sticks. And with a bank loan-based business, a lot of the other incentives get corrected too (no pressure for constant growth => no need to enshittify once genuine growth stops).
I suppose the flaw of the bank loan model is that there's no certainty that the research will pay off, so as the researcher (ie. prospective business owner), you don't want to be the one paying for that inevitable risk...
I don't think federation per se would help dissolve disinfo bubbles. Just look at the bubble the tankies at Grad have created for themselves.
Would it make sense to have bought it in the past just for leverage now? (not asking about 1 stock but if a ton of ppl did)
So essentially throwing a ton of things at the wall and seeing what sticks (when you don't know what thing (eg. job) you actually want to aim for)? Hmm I can imagine that being the best approach at times
Hmm, I see. Surely wouldn't that be enough if they proclaimed they would only sign real photographs though?