telospolis

I got my first job from twitter. I learn from the smartest people in SV sitting 1000s of miles away. Your twitter is an echo chamber. Mine isn't.

is there any community, you know of, that helps other people in different phases of journey?

really need one!

"by the time you're concerned about 8% equity, you've basically already 'made it' in the sense that you have likely have enough capital to start "

Nope! haven't made it.

"This project seems to be clearly aiming people who have ambition and competence, but minimal to no current resources or connections; the goal being to get them to where that is no longer the case -- helping them to reach their potential"

hi, that's me!

"It's hard to call anything at all exploitative if it succeeds in getting people from that critical nothing to something point"

i see the value of taking people from nothing to critical mass i.e - YC. in case of pioneers - i might be nothing now but highly unlikely - i will be nothing for the next 8 years!

imho, this 5 + 3% won't select for the best of people! I would totally judge a person who lock herself in this 8 year contract! that's just me

"We expect a fraction of Pioneers to start companies. In exchange for the investment and benefits below, Pioneer will retain 3% of any company you found over the next eight years. Pioneer will also have the option of investing an additional $20,000 for 5% in any of those companies. These conditions apply if you already have an incorporated company."

yeah, as an outsider looking for entry into startup - it just doesn't seem right! i get the fact that you guys have to fund the company some way! but it just seems too costly. i would be short selling myself.

I agree. that's why i think you should not settle for suboptimal people.

I would work on my own rather than compromising