<transcript><audio_61>entities with an evolutionary structure encoded into it which is precisely what you need to optimize the surface now let's talk about uh network capital i'm running out of time so um the the key thing that i wanted to to kind of</transcript><transcript><audio_62>impart upon is that decomposition of the venture capital system as an integrated system with that composability of the structure so we'll look at um blue funds and network capital and the pieces of those and to see how how to compose something like that in um to create funding structures for public</transcript><transcript><audio_63>goods so going back to this problem we we what we want to do is create incentive structures and funding things that can be successful in that area of the of the market now there isn't good cash flow optimization there or this would have been a solve problem through vc so we</transcript><transcript><audio_64>need something else that can that we can use as a way to derive value here the good news is that there's enormous amount of funding that is deployed through to science and in charity and so on but the bad news is there aren't that many funds</transcript><caption><image_65>The image is a bar graph that shows the number of funding staircases in the United States. The graph is divided into three sections, each representing a different step in the funding process.

The first section is titled "Funding Staircases" and has a blue background with white dots scattered across it. The dots represent the amount of money that has been invested in the staircases. The second section has a green background with a photo of a man sitting at a desk with a laptop in front of him. The third section has blue bars representing the percentage of people who have invested in each step. The bars are arranged in a vertical line, with the highest bar at the bottom and the lowest at the top. The image also has a white banner on the right side that reads "Founding the Commons".</caption> entities with an evolutionary structure encoded into it which is precisely what you need to optimize the surface now let's talk about uh network capital i'm running out of time so um the the key thing that i wanted to to kind of impart upon is that decomposition of the venture capital system as an integrated system with that composability of the structure so we'll look at um blue funds and network capital and the pieces of those and to see how how to compose something like that in um to create funding structures for public goods so going back to this problem we we what we want to do is create incentive structures and funding things that can be successful in that area of the of the market now there isn't good cash flow optimization there or this would have been a solve problem through vc so we need something else that can that we can use as a way to derive value here the good news is that there's enormous amount of funding that is deployed through to science and in charity and so on but the bad news is there aren't that many funds
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