Thursday Mar 16, 2023
Lighting the Paper Belt On Fire: a Discussion on the Failure of Traditional Institutions with 1517 Fund’s Michael Patrick Gibson
On today’s episode of Category Visionaries podcast, we speak with Michael Patrick Gibson, co-founder and General Partner of 1517 Fund. In the interview, we cover a wide range of topics, including the recent collapse of Silicon Valley Bank, the failure of paper-based institutions, and the future of science and technology in solving society's biggest challenges.
Key topics discussed:
- The collapse of Silicon Valley Bank
- The current state of banking policy and potential moral hazards created by government bailouts
- The failure of paper-based institutions, including the "paper belt" on the East Coast, and the need for experts to authenticate and validate their value
- Peter Thiel's management style and the importance of hiring people who can defend strange ideas in a room full of disagreement
- The outstanding problems that science and technology can solve, such as energy creation and water scarcity
- 1517 Fund's investment philosophy, which prioritizes technical know-how and entrepreneurial skills over traditional degrees
- The importance of emotional intelligence and commitment as motivators for success, over fame and fortune
- Plans to develop talent through summer programs and apprenticeships, getting teenagers exposed to frontier technology
- How to pitch ideas to 1517 Fund if you fit their thesis of not having a college degree
Additional Resources:
https://twitter.com/William_Blake
Paper Belt on Fire: How Renegade Investors Sparked a Revolt Against the University
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