Fundrise CEO Ben Miller explains the potential market size and purpose of publicly traded venture funds like Fundrise VCX.
Opinion
Miller: Universal basic ownership of AI beats universal basic income
“I think democratic ownership is the solution to how we deal with AI. The idea that everyone wants to get, like, universal basic income, I think that's a horrible idea, but universal basic ownership, I feel like that is magic.”
Prediction Not checkable as stated
Miller: Public venture fund structures will be adopted across VC within years
“Right now we're novel in a couple of years from now it'll be obvious and everyone will be doing this.”
Prediction Not checkable as stated
Miller: Loyal will develop the most successful drug in history
“This is going to be the most successful drug in history. And then she's going to go and create the next thing. She's going to create like longevity for humans. I think too.”
Prediction Not checkable as stated
Miller: Every American will allocate 5% to public VC in 10 years
“I think that like 10 years from now, every single person in America will have five percent of their portfolio in like public venture capital. It'll be totally normal. It'll be like an ETF. It'll be just this thing that's standard and the public capital, so the…”
Prediction Not checkable as stated
Miller predicts most mega venture firms like a16z will eventually go public
“The nature of these partnerships is eventually they want to monetize and the best way to monetize is go public. This happened in all the investment banks. They've all went public. And so Yeah, I mean, they'll, most of them will eventually go public, and then t…”
Prediction Not checkable as stated
Miller predicts AI will displace 20% to 30% of white-collar jobs
“I think more than 20%, but less than 50. So like let's say 20 to 35 years, 20 to 30% of jobs are Not to, not, not just displaced, but also suppressed. So you don't make that marginal higher and that adds up to tens of millions of jobs.”