> "far more value has been created from open source than captured. Many open source projects didn’t benefit anyone; they benefited everyone."
Great point. If you follow this line of thinking, it suggests that the way to have invested around the open source theme over the past few decades wasn't to pick a basket of open source companies, but rather just to buy VOO or QQQ. The value that didn't stay in the open source companies leaked into every other enterprise in the developed world.
Maybe we will see something similar in LLMs -- if the value from AI mostly leaks out as broad based surplus, then maybe we should sit out most venture deals in AI apps and instead just buy the S&P 500.
> "far more value has been created from open source than captured. Many open source projects didn’t benefit anyone; they benefited everyone."
Great point. If you follow this line of thinking, it suggests that the way to have invested around the open source theme over the past few decades wasn't to pick a basket of open source companies, but rather just to buy VOO or QQQ. The value that didn't stay in the open source companies leaked into every other enterprise in the developed world.
Maybe we will see something similar in LLMs -- if the value from AI mostly leaks out as broad based surplus, then maybe we should sit out most venture deals in AI apps and instead just buy the S&P 500.
Very interesting point, and I think that’d be a wise strategy for 99+% of people.