I think you misunderstand what Germany's Sovereign Tech Fund is trying to do. They take no stake in Igalia, which also isn't a German company, so best case the tax money goes to Spain.
They are trying to build digital sovereignty through open source software. Thinking about the commission from the Sovereign Tech Fund as a VC investment is a bit of a misunderstanding. You're right that VC is all but dead, due to AI, so this is exactly why we need some one thinking about the future or our joint digital infrastructure, rather than profit, to invest in projects like Servo.
It's far from all they can do, but it seems like they are focused on some important and achievable goals. These then feed into adoption which will bring other investment because Servo will be viable for more use cases. I see this investment more at the level of basic science research.
Which VC is going to be interested in implementing accessibility in this situation? The Sovereign Tech Fund is an organization that values this. It's too long term and uncertain of a project for most entrepreneurs to be involved in too.
Why would I focus towards being an entrepreneur if the state is just going to step in and steal from me after taking all the risk, after giving up time with my family, after taking on all the stress for the extremely small chance of success and if by amazing odds I manage to hit that success the government will knock at my door and scalp the actual payoff for my risk, talent, and years of time despite contributing nothing other than paying a teacher who isn't an entrepreneur and has never run a business to pretend to teach and graduate me on the matter.
Can you expand on why you think that overnight billionaires are self-made deserving of praise and lower taxes?
You think that making millions isn't enough, they should simply not be taxed? Just because they've invested a few years on an idea rather than invest on their career at a real company? They still benefited from the free education and social safety net and various funds whilst gambling on their idea, though, right? And that safety net catches the 99 failures for every 1 unicorn born, right?
The post asked a hypothetical question about human motivation. "Why would I..." It came as a question but presumed that the answer was so obvious that the point would be clear without an explicit answer: with such a policy, people won't bother creating the products that lead to unicorns.
I think you misunderstand what Germany's Sovereign Tech Fund is trying to do. They take no stake in Igalia, which also isn't a German company, so best case the tax money goes to Spain.
They are trying to build digital sovereignty through open source software. Thinking about the commission from the Sovereign Tech Fund as a VC investment is a bit of a misunderstanding. You're right that VC is all but dead, due to AI, so this is exactly why we need some one thinking about the future or our joint digital infrastructure, rather than profit, to invest in projects like Servo.
It's far from all they can do, but it seems like they are focused on some important and achievable goals. These then feed into adoption which will bring other investment because Servo will be viable for more use cases. I see this investment more at the level of basic science research.
Which VC is going to be interested in implementing accessibility in this situation? The Sovereign Tech Fund is an organization that values this. It's too long term and uncertain of a project for most entrepreneurs to be involved in too.
It is possible to do more than one thing.
> tax unicorns
> graduate more entrepreneurs
Why would I focus towards being an entrepreneur if the state is just going to step in and steal from me after taking all the risk, after giving up time with my family, after taking on all the stress for the extremely small chance of success and if by amazing odds I manage to hit that success the government will knock at my door and scalp the actual payoff for my risk, talent, and years of time despite contributing nothing other than paying a teacher who isn't an entrepreneur and has never run a business to pretend to teach and graduate me on the matter.
Can you expand on why you think that overnight billionaires are self-made deserving of praise and lower taxes?
You think that making millions isn't enough, they should simply not be taxed? Just because they've invested a few years on an idea rather than invest on their career at a real company? They still benefited from the free education and social safety net and various funds whilst gambling on their idea, though, right? And that safety net catches the 99 failures for every 1 unicorn born, right?
These words aren't apparent in the post.
The post asked a hypothetical question about human motivation. "Why would I..." It came as a question but presumed that the answer was so obvious that the point would be clear without an explicit answer: with such a policy, people won't bother creating the products that lead to unicorns.