Benjamin Franklin meets blockchain

Hello everyone.other A grim week. The obvious fact is that we must stop selling weapons of war to arbitrary civilians.

plain landscape

In 1727, 21-year-old Benjamin Franklin invited, like he said“My smartest acquaintance[s] Be a mutually reinforcing club. He calls his new club Junto, after the Spanish word for “join.” On Friday night, Franklin and a dozen Junto members (all male, of course) will meet at a Philadelphia bistro to discuss On topics such as morality, politics, or national philosophy, “debate in a sincere spirit of seeking truth . . . not fond of arguments or the desire to win. “

Nearly 300 years later, I joined a research group inspired by the Franklin Symposium. It consists of emerging technology founders discussing Web3. All of the virtual attendees were young, super serious, and all seemed to have done technical readings on topics like token velocity and liquidity mining design space.Even if the conference is held like the Luna stablecoin imploding, seminary students see this crisis in the crypto world as a temporary distraction. They agreed that it was important to create products that people wanted to use, rather than playing the growth game with tokens.

A sober long-term view like this might be South Park Commons, an ambitious incubator program, has been hosting this ongoing workshop and many other similar events for seven years, including fireside chats, panel discussions and demo days with tech luminaries. Despite launching more than 150 startups and investing in companies with a total value of $35 billion, SPC has had relatively little public exposure to date. The low profile matches the high profile of the project: In a tech ecosystem where ideas and seed funding co-exist almost simultaneously, the SPC focuses on laying a thoughtful foundation for its 450 members in specific areas and understanding social impact long ago. The first elevator pitch. “People come to SPC because they want to take the time to figure out what to do next,” said Samantha Whitmore, a machine learning scientist who has been reviewing Web3 workshops and is about to use that knowledge to start her own company.

The program’s creators were Aditya Agarwal and Ruchi Sanghvi, who met and married early Facebook employees—Sanghvi was News Feed’s original program manager—and later took an executive position at Dropbox. In 2015, after a short respite, Sanghvi discovered a void in the high-octane startup world—a haven for talented tech entrepreneurs to gain deeper knowledge and domain expertise when considering their next company. The couple decided to start that kind of startup incubator. They looked to the Junto alehouse meeting as one of their role models, along with Franklin’s admonition to “get quick wins”. Other incubators quickly increased founders from zero to 60. SPC focuses on the prequel realm, taking members from -1 to zero on their own time. Along the way, founders will gain knowledge that will make them better leaders, and maybe even less obsessed with being the next Travis Kalanick or Adam Neumann. If Franklin were a venture capitalist, this is what he might have built.

“In the tech industry, basically everyone jumps into the next company or starts a business and launches it within three months,” Sanghvi said. “But deep tech takes a little time. It seems like no one has the time and space to build these kinds of companies.”

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