Articles on leadership and mental models for understanding the world. All articles are written by Wojciech Gryc.
by Wojciech Gryc
What would it take to launch an investment fund that has a 230-year horizon? Imagine an investment fund with one sole purpose: to bet on the positive, promotional evolution of civilization… One that takes an active role in developing humanity by investing in, or starting, companies that are most likely to help humanity achieve its full potential.
I’m proposing a Decentralized Autonomous Organization (DAO) that manages a treasury which can invest in basic research, start its own companies, and invest in other investment vehicles. It will have one mission: to find the ideas, projects, people, companies, and institutions that are most likely to impact humanity’s progress and maximize its potential by 2250.
Mutual funds, venture capital funds, and other investment managers typically limit their investments to a short time frame — one that focuses on a few years to maybe one or two decades. This is a key part of their business model — generate returns, pay out your limited partners, and conclude the fund successfully. What we need is a fund that will manage and curate humanity’s research and development, will scout out the biggest and boldest ideas, and invest in them.
This will be an investment vehicle that is community-owned and managed, and the community will represent those who want to positively engage in problem solving around the world’s biggest problems. We will be a decentralized group of “fund managers” who looks for non-consensus ideas that could address big problems and opportunities, and will patiently cultivate them to grow, solve problems, and change the world.
First and foremost, we want to bring a community of people together who abide by a few important principles. These include, but are not limited to:
A decentralized organization with the ability to vote, self-regulate, and manage itself in a distributed public ledger is critical here… Hence, the DAO.
The DAO will manage a treasury and will also issue its own token. This token will be used to generate liquidity for investors, volunteers, and community members who want to receive a return on their efforts and investments prior to 2250 — this is what will ultimately enable a long-term investment horizon while still enabling people to profit generously in the short run.
The specific details of the governance and tokenomics will be explored in the near future.
There is much to do. This includes working on the tokenomics of the treasury and DAO, coming up with a framework for finding problems and solutions, coordinating community members and initial staff, and much more.
If you are interested in contributing to any of this, please reach out on Twitter @wojciech.