All of buggy's Comments + Replies

I do like the idea of creating a decision market to value those metrics (although the inherent bias of e.g. a rich Stanford alum believing a Stanford degree is worth an extra $10M and wanting to lend "too much" money on that basis only helps the business get seeded).

Unlike a Human Capital Contract, we're presupposing the lender knows the value of the goal, and unlike a loan, the triggers aren't to protect an interest ((re)payment milestones) so much as mold a desirable outcome (achievement milestones), and again, while student loans are the obvio... (read more)

For those asking how this is different from a loan, the important difference is that you don't get money just for saying you want to take money from your future self, you get money for achieving metrics that you and the lenders have decided will get you to a pre-selected goal. That goal can be as much about what the lenders want, as what you want (hopefully there will be an intersection between the two sets). And you don't get the money based on creditworthiness, but rather the expected gain in future earnings/benefit that getting the loan (and reaching th... (read more)

I am willing to put some time into this idea (mostly from the www design and hosting end ... the thought of starting another business makes me very sleepy) ... see my previous post on how far I'd go with an idea.

I think the way to start this would be to ask the people who are ponying up the money what they want to achieve and what they're willing to lend to see that happen, what they think the ROI of borrowers getting that money for that purpose would be, what they think are the specific steps/incentives the borrowers need to reach that goal ... and just p... (read more)

I'm looking for, but can't find that post ... is there an expand-all function to the threaded discussions? I thought I read all the initial ideas (but not all responses) before posting. In any case, "not really" is my presumed answer, since I think the distinguish features from a generic student loan would be:

• there would be a specific schedule of milestones for a set list of goals (which could be set by individual lenders, if this was done Kiva-style). The goal is to get the otherwise-dropout to finish school, etc. This provides a societal bene

I can see this expanding into news-like arenas, e.g.:

Friend of a friend had their dog pulled out of their car and tossed into traffic (you may remember the story). So friend starts a site to gather info on the suspect, and eventually they have enough of a profile and info that they handed the bolus to a private detective who busted the guy. (I have another friend with a stolen -- not lost -- pet, who would like to accrete info on the thief).

Or, a person was shot and killed in my neighborhood, and since people don't talk much 'round here, that crime will ne... (read more)

Second, my concept ... essentially, borrowing money from your future self for something with a postive ROI expectation value.

Economists can (OK, do) roughly value certain life milestones, such as the increase in lifetime earnings for finishing high school (for the sake of this discussion, let's use $500K for that number). They also believe that certain goals (e.g. passing grades for a semester) can be cash-incentivized. So you let an individual borrow a portion of their future benefit (10%? $50K buys a lot of incentive from a HS student) in the present, wi... (read more)

First, a meta-discussion ... I think when a lot of people hear the word "startup" they think two things: long hours in an under-funded environment, and the hope of a short-term payoff (or at least an exit strategy). This may be incompatible with the idea of pulling a bunch of hours away from a bunch of bright people already involved in other things. It may also be counter-productive to the goal of benefiting people: one of the shortcomings of established corporations is the focus on near-term gains, even at the cost of long-term viability or bene... (read more)