The United States government should create an independent investment fund to finance the early-stage entrepreneurs filling the void of the “friends and family rounds”. Most entrepreneurs don’t have the startup capital to experiment with their business ideas. When the net worth of the family and friends is below zero and no one else willing to
When the VC firms were starting a few decades ago, the investment team comprised some of the most successful entrepreneurs who had created thousands of jobs, benefited the world with their products/services, made money for themselves, and also made money for the people who had invested in them. They knew their business and industry very well.
In the Startup world, every other guy these days wants to become an advisor or accelerator. If you don’t have anything to do in life or if you are unable to do anything, just become an incubator. You have not built an enterprise, but you want to help others build an enterprise. This is well