pjeby comments on Who Wants To Start An Important Startup? - Less Wrong

41 Post author: ShannonFriedman 16 August 2012 08:02PM

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Comment author: woodside 22 August 2012 12:11:59PM *  6 points [-]

Rough Idea: Send brilliant, destitute kids to great schools from an early age in exchange for a percentage of their lifetime earnings.

Depending on the study you read there are up to hundreds of millions of children in the developing world that are in the primary/middle school age range that will never get the chance to attend a school. Some of these children have the genetic potential to be top tier in terms of intelligence and productivity but will never realize this potential.

Develop a cost-effective selection mechanism for finding these diamonds in the rough and present them with a deal. They are moved to a top-level boarding school in a developed country (This could be a partnership with existing schools or a school developed specifically for this program, maybe there is a year long english prep trial school they go to first, there are many details to consider). In exchange they commit to paying some percentage (10% feels about right as a gut-check) of their income to the company for the rest of their lives (maybe there is an option to buy out of the contract for kids that end up sufficiently wealthy, again, many details to consider).

Biggest issues I see:

  • The program will take many years, potentially 2 decades, to start generating revenue.
  • A host of legal hurdles
  • Social/litigious blowback from groups that don't like the idea of plucking third world children from their families and signing them up for what may be interpreted as indentured servitude
  • Reliably selecting the right kids may turn out to be prohibitively expensive
Comment author: pjeby 10 September 2012 08:34:57PM 1 point [-]

Rough Idea: Send brilliant, destitute kids to great schools from an early age in exchange for a percentage of their lifetime earnings.

Have you read The Unincorporated Man for some fictional evidence of how this idea turns out? ;-)

Comment author: woodside 10 September 2012 09:08:44PM 0 points [-]

I haven't but I'll check it out, I'm about to go on a 20 hour plane trip.