I continue to be amazed at American capital allocation. $17M for an idea to improve Git? For a fraction of that money Ukrainian housewives build anti-drone air defence systems in their garage that protect their country. For that kind of money you could build an apartment block to ease the housing shortage. You could invest in electricity resilience and build mini nuclear power plants or a small wind farm. Soviet capi…
What’s the problem?
Do you think less money should be going into VC?
Just some numbers ~1.5M housing units are built in the US with an approx cost of $300k - $400k. That is $450B to $600B going into housing units construction every year.
On the other hand VC has maybe $1T AUM in the US. Maybe 10%-20% of that is deployed every year? So $100b to $200B.
What is wrong with that ratio? Could there be better solutions to make more housing cheaper? (lower regulations, efficient permitting, etc)
Money moving from VC to housing seems without a first principled approach on what problem your solving and how is silly.