Subject: Re: offering pre-purchases
From: Don Marti <dmarti@zgp.org>
Date: Mon, 15 Oct 2007 09:29:06 -0700

begin Stephen J. Turnbull quotation of Fri, Oct 12, 2007 at 06:19:43PM +0900:
> Don Marti writes:

>  > A researcher who needs living expenses or money to
>  > cover research costs could form an LLC with silent
>  > partners who would share in the trading gains if any,
>  > and agree to pay the researcher a salary and/or cover
>  > the lab budget.
> 
> Hey, if they're willing to pay Tom a salary, *he* wouldn't need to be
> in either the prepurchase market or the prediction market.  It's
> precisely because they are *not* willing that this thread happened.

They're less likely to be willing now because
their current options for getting a return on their
investment depend on risks other than the research
risk.  They can't make a bet on whether or not Tom
will invent something -- they have to bet on whether
Tom will put together a whole team to actually make a
product, get a patent and license it, or get a patent
and sell it to a troll.

Many investors want to split up and reaggregate
investments.

-- 
Don Marti                    
http://zgp.org/~dmarti/
dmarti@zgp.org