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This is the nub of the matter. I could have saved myself a decade. The only thing from YC that survived our relationship was the incorporation of the company.

I still think there's a massive gap in the market for an ergodic startup community where the young ambitious people tell the Gen-X's to go fuck themselves with a police baton and instead enjoy the benefits of pooling the risks & sharing the rewards.

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I imagine the problem is how do you pool the risk without being able to assess with confidence who will succeed and who will fail? And how do you prevent freeloaders who don't expect to succeed wanting a share?

And if you could make that determination accurately, why wouldn't you use it to avoid pooling risk among all but an extremely small pool?

The point you're missing entirely is that risk is an independent variable which is not related to any factor under control of the participants.

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