Increasingly think it'd be fun if starting a venture fund worked similar to the taxi medallion system of yesterday.
Want to start a new firm? Gotta get the medallion from some retired GP/soon to be dead firm that is happy to let it go.
Make it a fixed cost, and over time we can still add more, just the NVCA or something can control how many new medallions are issued each year based on who applies.
for the record...this is in the spirit of controlling for the oversupply of firms, not gatekeeping or suppressing the # of people in venture
Increasingly think it'd be fun if starting a venture fund worked similar to the taxi medallion system of yesterday.
Want to start a new firm? Gotta get the medallion from some retired GP/soon to be dead firm that is happy to let it go.
Make it a fixed cost, and over time we can still add more, just the NVCA or something can control how many new medallions are issued each year based on who applies.
@mhdempsey Makes Angellist SPVs the ridesharing app of VC
@mhdempsey Won’t the uhhhh market do that?
Increasingly think it'd be fun if starting a venture fund worked similar to the taxi medallion system of yesterday.
Want to start a new firm? Gotta get the medallion from some retired GP/soon to be dead firm that is happy to let it go.
Make it a fixed cost, and over time we can still add more, just the NVCA or something can control how many new medallions are issued each year based on who applies.