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This reminds me of ycombinator. Exploit young people into entering a lottery where the only winner is the diversified investor.
Anyone who can get into YC can easily find a well-paying job elsewhere, which is not true for a teenage dropout whose only skill is basketball
https://archive.md/KdsDY
Man this website is wonderful
It's fun read:
> How is the archive funded?
> It is privately funded; there are no complex finances behind it. It may look more or less reliable compared to startup-style funding or a university project, depending on which risks are taken into account.
but doesn't seem to be very up to date
> Will advertising appear on the archive one day ?
> I cannot make a promise that it will not. With the current growth rate I am able to keep the archive free of ads. Well, I can promise it will have no ads at least till the end of 2014.
although true.
This reminds me of ycombinator. Exploit young people into entering a lottery where the only winner is the diversified investor.
If they get cash up front the time value of money and compounding interest will set them up for a lifetime of higher wage earnings than college -- assuming they don't blow all of it immediately.
It would be better to set up a fund that they can’t touch for 30 years with a small wage on the side but that would be pointless because there would be nothing stopping them from taking out early loans against the fund.
This reminds me of ycombinator. Exploit young people into entering a lottery where the only winner is the diversified investor.
Sounds exactly like the plight of the inner city kid trying to escape poverty with hoop dreams.
This reminds me of ycombinator. Exploit young people into entering a lottery where the only winner is the diversified investor.
Anyone who can get into YC can easily find a well-paying job elsewhere, which is not true for a teenage dropout whose only skill is basketball
Condescending. I'm sure playing basketball at a high level requires an extraordinary level of diverse talents that are transferable.
Earlier quoted context omitted.
Anyone who can get into YC can easily find a well-paying job elsewhere, which is not true for a teenage dropout whose only skill is basketball
> whose only skill is basketball Condescending. I'm sure playing basketball at a high level requires an extraordinary level of diverse talents that are transferable.
Such as?
Earlier quoted context omitted.
> whose only skill is basketball Condescending. I'm sure playing basketball at a high level requires an extraordinary level of diverse talents that are transferable.
> I'm sure playing basketball at a high level requires an extraordinary level of diverse talents that are transferable. Such as?
They'll also be working a very high level of discipline and dedication, meeting critical deadlines and delivering results under massive pressure.
This reminds me of ycombinator. Exploit young people into entering a lottery where the only winner is the diversified investor.
Anyone who can get into YC can easily find a well-paying job elsewhere, which is not true for a teenage dropout whose only skill is basketball
Life doesn't have to end because you dropped out of highschool, especially if you now have the finances to support your future choices.
Earlier quoted context omitted.
Anyone who can get into YC can easily find a well-paying job elsewhere, which is not true for a teenage dropout whose only skill is basketball
Truly elite level basketball players are likely smart and hard working. Why wouldn’t they find a job easily?
Earlier quoted context omitted.
It’s not difficult to get a 7-figure loss-of-value insurance policy at this level of talent.
Let's say every one of these players is in the top 100 high school prospects (which I doubt). Less than 1/3 of them will even make it to the NBA, let alone make big money there (source https://pudding.cool/2019/03/hype/ ). Why would anyone insure them?
There are only 36 roster spots currently in the Overtime Elite league the article references. They are almost certainly all Top 50/100 prospects who can leverage recruitment from the likes of Duke, Kansas and Kentucky to get a call from Overtime.
The Ignite team in NBA G League is more exclusive with the latest player signing a 2-year $1M deal.
AFAIK only one of 4 HS players to-date from the Ignite team went undrafted after playing.
Nonetheless odds of being drafted should affect premium and payout, not decision to insure. People get all kinds of novel stuff insured all the time.