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Does not recommend this product
Review of FounderPool
So the lessons learned from the pandemic, market crashes, and political upheavals is to repackage the same casino capital scheme that causes market crashes and political upheavals via the concentration of wealth and toxic assets (startup equity)?
Let's take 2008 for example:
A privileged cohort: Startup Founders // Wall Street
Pooling private equity: Startup Equity // Mortgage Backed Security Derivatives
Targeted predatory behavior towards: New Founders with Profitable Ideas // Low-Income Homeowners
Anticipating turnover with Insider Knowledge of Portfolio: FounderPool-backed metrics // Housing/Construction Inventory
Exploitation of Non-Privileged Cohort via Pump and Dump: Non-Founder (non-equity workers) layoffs via low profitability // Millions of (preventable) foreclosures, evictions, homeless
"Wash the Hands" Exit Plan: Utilize Private Network to concentrate new market entries otherwise not afforded to non-Founders // Utilize Public Infrastructure to concentrate new market entries otherwise not afforded to non-bailout recipients
Society's progress depends on you ... to organize labor against venture capital.
Recommended this product
Review of FounderPool
Congrats on launching a new type of launchpad for founders! Diversification and derisking are important parts of investing + entrepreneurship, I’m glad FounderPool creates this superset PLUS the potential social outlet for those who lack it from being overworked.
Some pondering questions:
- What are the plans for scaling when there are hundreds of applicants?
- How would founders be matched?
- Who will lead the cohort pools and how are the numbers/terms determined for each cohort?
- Is there a governance structure for each cohort?
Recommended this product
Review of FounderPool
If you can make more founders not give up by pooling risk, that is great. The value of the community will also be a huge factor for making this work. Best of luck on your journey.
Recommended this product
Review of FounderPool
Super cool idea. I look forward to using this for my next startup.
Recommended this product
Review of FounderPool
Very excited to see this launch, The Proof Market / MedCreds team will be joining the pools in the near future!
Recommended this product
Review of FounderPool
Was fun talking with George and Chandra today about a real deal project https://www.youtube.com/watch?v=BPXghamcLj4
Recommended this product
Review of FounderPool
Genius qualification method for building an elite network, while providing a valuable financial service.
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