I’m not claiming that any of the above will necessarily lead to better capital allocation than the current structure, but it seems plausible that they might.
I don’t know enough yet to say that an alternative structure would necessarily be better.
I intend to think about this more, and it seems good to do some of that thinking in public fora so that other people can contribute when they’re interested + have comparative advantage.
Strongly upvoted. I don’t have anything else to add right now then I now understand why you’re asking this question as you have, and that I agree it makes sense as a first step with the background assumptions you’re coming in with.
From the OP:
I don’t know enough yet to say that an alternative structure would necessarily be better.
I intend to think about this more, and it seems good to do some of that thinking in public fora so that other people can contribute when they’re interested + have comparative advantage.
Strongly upvoted. I don’t have anything else to add right now then I now understand why you’re asking this question as you have, and that I agree it makes sense as a first step with the background assumptions you’re coming in with.