<transcript><audio_0>really excited to see all of the funds that are coming together to talk about what they're doing to talk about how to build structures for better funding mechanisms and not just funding but optimization mechanisms so this is a crucial difference that i think is</transcript><caption><image_1>The image is a screenshot of a website called "Network Funds". The website has a blue and green color scheme with a white background. On the left side of the image, there is a map of a city with blue dots representing network funds. The map is divided into different sections, each representing a different network fund. 

On the top right corner, there are two images. The first image is of a 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 the laptop. The second image is an aerial view of the city with tall buildings and skyscrapers. The sky is blue and there are a few clouds in the background.

At the bottom of the page, there has a banner that reads "Funding the Commons" in white text.</caption><transcript><audio_2>tremendously overlooked in our macro system worldwide nation-state based grant funding oriented structures which is primarily a funding system with no good feedback mechanism and no good feedback loop and therefore it cannot</transcript><transcript><audio_3>optimize well so what i hope to do in this talk is to talk about why we need optimization to be much better what do the feedback loops represent i'll use venture capital as an example to kind of learn lessons from and then i'm going to talk about a bunch of the work that</transcript><transcript><audio_4>we're doing to build these things that we're calling network funds or blue funds um the blue and green dichotomy you'll you'll get a sense that whole like gradient that you see at the top that i use in a bunch of talks has a meaning we're going from the science-oriented</transcript><transcript><audio_5>part the early long-term development of knowledge to translate all of that science into technology that we can put in products and we can use and so on so green funds work really well venture capital funds work really well we need better structures for blue funds</transcript> really excited to see all of the funds that are coming together to talk about what they're doing to talk about how to build structures for better funding mechanisms and not just funding but optimization mechanisms so this is a crucial difference that i think is tremendously overlooked in our macro system worldwide nation-state based grant funding oriented structures which is primarily a funding system with no good feedback mechanism and no good feedback loop and therefore it cannot optimize well so what i hope to do in this talk is to talk about why we need optimization to be much better what do the feedback loops represent i'll use venture capital as an example to kind of learn lessons from and then i'm going to talk about a bunch of the work that we're doing to build these things that we're calling network funds or blue funds um the blue and green dichotomy you'll you'll get a sense that whole like gradient that you see at the top that i use in a bunch of talks has a meaning we're going from the science-oriented part the early long-term development of knowledge to translate all of that science into technology that we can put in products and we can use and so on so green funds work really well venture capital funds work really well we need better structures for blue funds
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