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#5 Product of the DayAugust 09, 2018

Apply to Pioneer with any type of project you need help with. It could be a company, physics research or art. Play the tournament. Become a Pioneer.

Pioneers receive a $5,000 investment with an option for a $20,000 follow-on, a ticket to San Francisco and much more.

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Daniel GrossMaker@danicgross
Hi PH! A friend and I launched AI Grant last year ( The idea was to give out money to promising AI researchers around the world. To date, we've funded 50 researchers, from high school students in Hawaii to aspiring researchers in Africa. We’ve been inspired by the fellows we’ve funded all over the word. I’m following it with a new project called Pioneer. Pioneer funds ambitious people around the world working on interesting projects. Unlike a startup accelerator, this is focused on small projects, not companies. A project could be anything -- open source work, research in physics or biology, or creating art. If one does start a company, Pioneer gets 3% of equity in it in return for the network, community and guidance it provides. But it's by no means a requirement or a goal. We're merely hoping the small fraction of companies help us fund this experiment in perpetuity. I think the largest gift we'll give our Pioneers isn't money. It'll be non-intuitive things like a network of friends (other Pioneers), a forcing function to get that thing done and mentorship from inspiring individuals. Unlike other grant programs, we’re trying to do most of the screening in software. Becoming a Pioneer requires winning the Pioneer Tournament -- a (hopefully) fun and interactive application process. More on that on the site. I'm passionate about this work because I'm the benefactor of a similar system. I wrote about my story here, if you're curious:
M. Sibanda@msibanda6
@danicgross I have the best StartUp of 2018. I have something that would be a hit, something that will turn into a unicorn in 6 months. I believe i’m the next Mark Zuckerberg. I want to know how I can contact you privately Daniel Gross and show you my startup website and lay down my project idea. I live in Montreal, Canada.
This is great, specially for people living in countries where the access to opportunity is almost null. I wish the best for this endeavor. 💪
Ryan HooverPro@rrhoover · Founder, Product Hunt
Love this and generally a big fan of anything that supports entrepreneurs and makers. From the NYT article: Silicon Valley has created a model for identifying and nurturing high-potential young companies. The Pioneer Fund hopes to do much the same thing for high-potential people. What's the business model, @danicgross?
Daniel GrossMaker@danicgross
@rrhoover We think that extremely successful people in many lines of work make the world better, but that extremely successful entrepreneurs have a comparative advantage at making a lot of money while doing it. We hope that a small stake in their companies can fund future generations of Pioneers. Pioneers are under no obligation to start a company. If they do, Pioneer retains 3% of it in exchange for the investment, mentorship and network it provides. Pioneer will also have the option of investing an additional $20,000 for 5% in any of those companies. These conditions apply if you already have an incorporated company. Many of our best Pioneers will be researchers, painters or musicians. We're hoping that the fraction of entrepreneurs will help us support the rest.
Mathieu Gosselin@matgosselin · Mad Captain
@rrhoover @danicgross I was interested in the venture until I saw the terms. investment of $20,000 for 5% ?? Seriously? That's not investment. That's piggybacking on the dreams of others.
Mane Gharibyan@mane_gharibyan · PR Specialist, Growth Hacker
This is a great idea!
Svyat Gordeev@svyat_gordeev
мы неправильно используем iq