<caption><image_6>The image is a screenshot of a webpage titled "Priorities for Public Goods Builders in 2022". The webpage has a blue background with white text. On the right side of the page, there is a photo of a young man sitting at a desk with a laptop in front of him. He is wearing a black t-shirt and appears to be working on a project. 

Below the photo, there are three bullet points that explain the priorities for public goods builders in 2022:

- Capital allocation as a distributed optimization problem
- The success of Venture Capital (Green Fund)
- Performance Education
- Carried Interest - Impact Certificates
- Application Open Source, Science, B&D, Decarbonization
- Networked grant programs
- Funding the Commons

The title of the webpage is written in bold white letters at the top of the image.</caption><transcript><audio_7>or like these teal in-between funds so the structure of talk is this uh where we'll go through capital allocation as a is a distributed optimization problem and and why um capitalism works really well and why venture capital specifically works well</transcript><transcript><audio_8>um we'll dive into the detail of uh what makes venture capital work well and then we'll try to back into what must network capital look like how must it operate what are the components that we need to build into these systems to make them work so</transcript><caption><image_9>The image is a screenshot of a presentation slide from a website called "Funding the Commons". The slide has a title "Capital Allocation - distributed optimization". Below the title, there is an image of a 3D model of a waveform with different colors representing different levels of data. The colors are blue, green, yellow, and red, representing the different levels. The waveform is arranged in a grid-like pattern, with the blue representing the highest level and the green representing the lowest level.

On the right side of the slide, there are two images - one of a man working on a laptop and the other of a computer screen. The man is wearing a black shirt and appears to be focused on the task at hand. The background is white, and the text on the slide is in black.</caption><transcript><audio_10>what's going on in the in the infinitely dimensional um but maybe sparsely populated space of variables to optimize at any given moment in time and maybe what humans care about is a much smaller</transcript><transcript><audio_11>space than that but still extremely dynamic extremely large extremely difficult to measure um and extremely difficult to make predictions about uh and so what's going on in our broader coordination problems and broader coordination systems and this affects us every</transcript><transcript><audio_12>from the local scale of like how you're operating right now as a human to how the entirety of our species is operating at a grand scale um it's all about optimization systems all right disconnecting great specific flickering</transcript> or like these teal in-between funds so the structure of talk is this uh where we'll go through capital allocation as a is a distributed optimization problem and and why um capitalism works really well and why venture capital specifically works well um we'll dive into the detail of uh what makes venture capital work well and then we'll try to back into what must network capital look like how must it operate what are the components that we need to build into these systems to make them work so what's going on in the in the infinitely dimensional um but maybe sparsely populated space of variables to optimize at any given moment in time and maybe what humans care about is a much smaller space than that but still extremely dynamic extremely large extremely difficult to measure um and extremely difficult to make predictions about uh and so what's going on in our broader coordination problems and broader coordination systems and this affects us every from the local scale of like how you're operating right now as a human to how the entirety of our species is operating at a grand scale um it's all about optimization systems all right disconnecting great specific flickering
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