I challenge you to find a group of rich folks who will fund such a thing - and will not simply demand the same profits as current structures do.
I just tried this with ~30 wealthy individuals/family funds that I have great relationships with and literally everyone said some form of the following:
“I am not going to liquidate my current investments that are on IPO trajectory for something that by definition will not IPO, and my investments are to ensure my kids go to private school/colllege fund/etc…”
You need to convince people, who currently think that the goal of making/having money is to insulate them and their families from reality, to instead choose to make/have slightly less money so that somebody else can have an easier/better experience in a way that is still concomitant with commercial transactions.
This is really the ideal use case for nonprofit funding, but unfortunately, real-world wealthy donors tend to give to university football programs and getting their names on hospital buildings. Sadly, SMU near me just made a deal with the ACC to forego ten years of television revenue in exchange for being allowed into the conference in order to get an automatic playoff berth if they can win the conference. Boosters will fully fund the athletic department to make up for the shortfall of not receiving and television revenue. All that money could have gone to good, but rich people care more about their alma mater having a 1% chance rather than a 0% chance at a national championship.
I challenge you to find a group of rich folks who will fund such a thing - and will not simply demand the same profits as current structures do.
I just tried this with ~30 wealthy individuals/family funds that I have great relationships with and literally everyone said some form of the following:
“I am not going to liquidate my current investments that are on IPO trajectory for something that by definition will not IPO, and my investments are to ensure my kids go to private school/colllege fund/etc…”
You need to convince people, who currently think that the goal of making/having money is to insulate them and their families from reality, to instead choose to make/have slightly less money so that somebody else can have an easier/better experience in a way that is still concomitant with commercial transactions.