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Venkatesh Rao ☀️ Profile picture
@vgr
Nov 7, 2021 • 1 tweets • 1 min read • Read on X
Gonna make a thread of my ongoing slow journey (emigration? perhaps…) to Web3, along with my covered wagon full of Web1 and Web2 stuff. Including NFTs, DAOs etc. So if those topics annoy you, you can mute this thread.

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More from @vgr

Venkatesh Rao ☀️ Profile picture
Mar 6, 2023
1/ 20, I am pleased to officially announce the Summer of Protocols (SoP) program, along with a draft of the pilot study that led to it, The Unreasonable Sufficiency of Protocols (TUSoP), which I've been working on with a bunch of collaborators for the last 3 months.
2/ The program will be primarily virtual, and run for 18 weeks from May-August. It will fund a set of full-time Core Researchers and part-time Affiliate Researchers (primarily in the second half) to think broadly and creatively about protocols. summerofprotocols.com
3/ The goal of the program is to catalyze conversation and experimentation around all kinds of protocols, including cultural, social and political ones. We want to get the world thinking in "protocol-first" ways and foster what we call protocol literacy.
Read 20 tweets
Venkatesh Rao ☀️ Profile picture
Nov 9, 2022
The larger the pile of money the dumber it is

If you have only $10 it is probably really smart money because you’re going to think hard and object level about spending it

If you have $10B, it’s being deployed mostly in > $250m chunks via org charts with 7 levels of bs theories
The largest object level thing you might ever buy even as a billionaire is probably like a car. Anything bigger, you’re actually buying a theory of ownership with multiple levels of abstraction each with assumptions.
For eg. buying a refurbished aircraft carrier — probably biggest “existing thing” that is ever bought — means buying training, maintenance, technology transfer, etc. Above that, retrofit/upgrade roadmaps, aircraft options, fuel futures… it looks like a “thing” but is not.
Read 20 tweets
Venkatesh Rao ☀️ Profile picture
Oct 23, 2022
Over the last 3 years with the @yak_collective I’ve really come to appreciate the power of committing a small amount of weekly time over a long period. If you have 10 hours to spare for me, I’ll pretty much always pick an hour a week for 10 weeks over 10 hours in 1 day .
Lifestyles tend to be stable for 3-5y at a time. If you commit 1 hour/wk indefinitely, that’s implicitly 150-250 hours if it sticks. Equal to 4-6 weeks of full-time, but that’s harder to use 🤔

An hour is optimal. Can’t do much with 15-30min, but >1h calls for too much org/prep.
It *sounds* powerful to get 4-6 weeks full-time commitment from a talented person (especially skilled ones who can code or design etc) but it’s actually useless because 4-6 weeks means you can create something complex enough to need maintenance/follow through.
Read 32 tweets
Venkatesh Rao ☀️ Profile picture
Nov 17, 2019
Thinking about my thread this morning on why independent research is hard, and what it would take to make it possible, and whether it’s within the reach of private investors who ALL complain endlessly about how they have far too much capital and don’t know where to put it.
On one extreme you can think UBI, which is roughly ~ early grad student level $.

On the other extreme, you could think of early career faculty grants.

An NSF CAREER grant is 100k/year for 5 yrs, and in 2018, about 150 million was disbursed or about 300.
A subset of ~20 get PECASE awards which push up the 100k to 500k/yr, sp that’s another 40 million. This 190 million basically supports 300 new faculty every year which I think is approximately ALL new faculty in say the top 25-30 universities.
Read 32 tweets
Venkatesh Rao ☀️ Profile picture
Nov 16, 2019
I was briefly calling myself an independent researcher: somebody who self-funds spec R&D on their own ideas. In theory it’s something like indie-research : academic research :: blogging/self-publishing : traditional publishing.

But the idea doesn’t really work.
Unlike the market for general interest writing, the market for R&D is almost entirely institutional, and they don’t really “buy” indie R&D. It’s 99.9% crackpot inventors, 0.1% black swan stuff.
Most “research” indie consultants sell institutions is in the market-research class, not academic research
Read 34 tweets

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