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Our society is awash with capital, but would you invest $4000 in exchange for 2% of some kid's "company" (unincorporated) for him to lease more hardware to complete his mission with the project? Of course not. "I'd need to hear a lot more" is the response here. There isn't "a lot more" (powerpoints, prospectus, business plan, market research, social proof, etc) unless the kid starts producing it - instead of working on his project. If he chooses coding his project versus producing bullshit for you, the same kid has to go work at a grocery store or something and do some coding in his spare time. If he were serious about raising money, on the other hand, he basically couldn't work on his project at all while he does. Which is the same as raising money with no idea. It's awash with money, but not to the people who have any immediate use for it to generate return. You will invest in a kid's powerpoint, his "team", his business "plan", no code, no project, but you wouldn't invest in a project, no powerpoint. So "our society is awash with capital" to whoever learns to say the right things to get it - which is pretty much the opposite skill of doing something that actually requires any. Hence the importance of "super-angels", who go against this grain, who will invest in and mentor the kid while letting him actually code instead of making him refine bullshit instead! Every day we hear of teams who have raised $50-$200k, where neither of the cofounders is capable of producing anything but bullshit. They literally can't make anything. When was the last time you heard of a kid who made a project and scaled it by continuing to work on it instead of learning to spew bullshit? Honestly, there is almost no money for anyone who is working on something, unless they quadruple their investment of time and personal risk to bring the project failure rate up to 95% as they jeapordize working on it it in order to 'raise money' instead. Our society - and, specifically - you, reward people who say what you want to hear to get money, and finding out what you want to hear takes a lot of time and has nothing to do with working on anything else. |