Collectivizing Finance

Zooming out, this is where capitalists and socialists should finally find common ground. In this new world, everyone becomes an investor. We go from thousands of people with financial upside in companies, to millions. We go from 1% capital to 99% capital. On any given platform, labor becomes capital. The ethos of a co-op merged with the efficiency ... See more

Fred: Jesse, do you have intuitions around other ways multiplayer investing or “investing as a team sport” might evolve?

VCs focus more on thought leadership than ever before, because their access to capital is less valuable than their social capital. Dave Portnoy can become one of the biggest names in finance, raise tens of millions for businesses hurt by the pandemic and move stock prices without having billions under management or a long investing track record let... See more