How do you unlock the equity that young people have in the form of their future sweat and ingenuity?
Currently, old people with large balance sheets have the power !
Why???
Because what one can manage one can measure
Some relevant questions…..
- Why does a balance sheet not account for the equity or value of its people…. And yet the value of an organisation is all about its people?
- Why does a bank not look at an organisation’s biggest asset when giving a loan?
- How do you value the value of a person ?
- How do you value the culture of an organisation that has the ability to recruit , train and retain the right people ?
Imagine being able to back a future “superstar”early in their careers in return for a percentage of future earnings?
The model
Sam Lessin’s Slow Ventures is looking to back stars - not the projects - giving the stars a balance sheet to leverage their skillset s to become superstars !
In return for an investment, you get a percentage of all of the money the star makes annually for 50 years and a percentage of the IP and property that is created or invested in .
Similar to the VC model…. Backers will take a portfolio approach where the superstars will carry the cost of capital for everyone.
I suppose it’s like an investor backing a “fund” vs a “project”
The stars that are investable will be
- Those that have a clear vision, mission and plan
- Those that have the CD ability to communicate that plan
- Those that ate passionate about their success
- Those that are trustworthy
Issues to work out
- How to you value a stars ⭐️ future income?
- How can you enforce the payment ?
- Can the investment be done in a blockchain?
What do you think of the concept ?
Inspired By Sam Lessin a General Partner at Slow Ventures and an intern at The Information
Photo: Art by Mike Sullivan
Thanks Niki Skevak for the share
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