Existing model of financing long-term game-changing next-big-thing companies via equity dilution with angel/venture financing is less optimal from the founders' perspective than pursuing another feature start-up.
More risk, less equity, success is uncertain, reward far away in the future - why bother with making world better?
My 2 cents :-)
P.S.: a better model might be if the founder pursuing next-big-thing commits to certain ROI for investors (2-3-5 times on capital), thus increasing this founder's potential upside and motivation to go the hard way. Critique and suggestions are welcome.
More risk, less equity, success is uncertain, reward far away in the future - why bother with making world better?
My 2 cents :-)
P.S.: a better model might be if the founder pursuing next-big-thing commits to certain ROI for investors (2-3-5 times on capital), thus increasing this founder's potential upside and motivation to go the hard way. Critique and suggestions are welcome.