82 karma · joined June 27, 2008
Could you learn as much taking a free course online (MIT OpenCourseware or Stanford's free courses)? No grades, no need to hand in assignments, no mandatory exams.
I'm trying it as an experiment right now. Any bets on whether I finish the course and/or learn anything?
China, Saudi Arabia, and Japan have political considerations, as well as financial, so they are more likely than an impartial investor to take unnecessary risk or allocate funds poorly.
All Ponzi schemes are the same.
All of these are definitely low value activities; the goal would simply be to reduce administrative overhead (time, not money). That way, contributors would spend more time doing the high value work and less time on BS. The goal would also be to foster a sense of community and make it easier for new members to join and get caught up on the big-picture goals of the project.
I just think that having any plan for the future would make developers more likely to invest their scarce time.
I guess 100% is the best way to structure it. Possibly even with a disclaimer saying the founder would not create any company out of the source code - but could be hired by anyone who does. The founder's role would then, simply, be an evangelist for the project(s).
I think the last four people would participate in the hopes of entering the top six, but a more open plan would probably encourage more participation. I think the last four would participate with the goal of entering the top 6, just like the dozens of applicants for the winner-take-all Ansari X-Prize.
It's meant to be tongue-in-cheek, but some employers didn't quite get it.
I've had people tell me that setting up the SVN, moderating discussions in a mailing list, twittering project updates, and orchestrating the cultural/public facing side of the organization are the most productive early tasks.
My question is: will people start working on a project without even a line of code, or will there be paralysis until there is something to work off of?
If these companies are still straddled with the nightmare of these obligations, no amount of government money will save them in the long run.
Government run "innovation initiatives" are fraught with the same problems as a government owned company (moral hazard, non-market competitive landscape, distorted incentives) and should be considered equally inefficient. Nothing can match the innovation that could be achieved by allowing these companies to be broken apart (a process that began 30 years ago when Toyota started achieving success using standard, outsourced, intermediate goods). Breaking these companies up would create a competitive framework for smaller players to enter. Think about what could happen if you could start a car company without having to hire a single assembly-line worker? It would be like giving the car business a set of APIs.
That was an awful rickroll
You would still need a crazy team of lawyers to avoid trouble, but it's certainly a loophole worth looking into and a very efficient system for allocating capital.