I wonder if people will soon start applying to this SIAI program just as a means to get into the Silicon Valley job market?
This brings up an interesting point in my mind. There are so many smart people surrounding the discussion of existential risk that there must be a better way for them to cohesively raise money than just asking for donations. Starting an ‘inner circle’ to help people land high paying jobs is a start, but maybe it could be taken to the next level. What if we actively funded startups, ala Y Combinator, but in a more selective fashion, really picking out the brightest stars?
You have to work out internal rates of return for both sorts of project, taking into account available data, overconfidence and other biases, etc. If you spend $50,000 on VC investments, what annual return do you expect? 30% return on investment, up there with the greatest VCs around? Then consider research or other projects (like the Singularity Summit) that could mobilize additional brainpower and financial resources to work on the problem. How plausible is it that you can get a return of more than 50% there?
There is a reasonably efficient capital market, but there isn’t an efficient charitable market. However, on the entrepreneurship front, check out Rolf Nelson.
You have to compare the internal rate of return on VC investment (after selection effects, overconfidence, etc) versus the internal rate of return on projects launchable now (including projects that are likely to mobilize additional brainpower and resources). With regard to startups, some are following that route.
This brings up an interesting point in my mind. There are so many smart people surrounding the discussion of existential risk that there must be a better way for them to cohesively raise money than just asking for donations. Starting an ‘inner circle’ to help people land high paying jobs is a start, but maybe it could be taken to the next level. What if we actively funded startups, ala Y Combinator, but in a more selective fashion, really picking out the brightest stars?
You have to work out internal rates of return for both sorts of project, taking into account available data, overconfidence and other biases, etc. If you spend $50,000 on VC investments, what annual return do you expect? 30% return on investment, up there with the greatest VCs around? Then consider research or other projects (like the Singularity Summit) that could mobilize additional brainpower and financial resources to work on the problem. How plausible is it that you can get a return of more than 50% there?
There is a reasonably efficient capital market, but there isn’t an efficient charitable market. However, on the entrepreneurship front, check out Rolf Nelson.
You have to compare the internal rate of return on VC investment (after selection effects, overconfidence, etc) versus the internal rate of return on projects launchable now (including projects that are likely to mobilize additional brainpower and resources). With regard to startups, some are following that route.