To be, or not to be (the next Alphabet), that is the question…
Which is why this article is titled Our Alpha Bet Process.
"Our" signifies possession or association in a group context.
"Alpha" refers to a strategy or investment's ability to beat the market, or its "excess return."
”Bet” refers to ****risking something, usually a sum of money, against someone else's on the basis of the outcome of a future event, such as the result of a race or game.
”Process” is a series of actions, steps, or operations undertaken in a systematic way to achieve a specific result or produce a particular outcome.
Alphabet’s current valuation of 1.86T is 93,000x more than Persist Ventures today.
Obviously this can be considered a moonshot, but one way to look at it is if we have higher than a 0.00001075268 in 1 chance then its a positive bet.
When we attain Alphabet’s valuation (not financial advice*)
$1,000 of Persist today will = 93 Million Dollars
$2,500 of Persist today will = 232.5 Million Dollars
$5,000 of Persist today will = 465 Million Dollars
$10,752 of Persist today will = A Billion Dollars
Many hands make light work, which is why I am taking “our” to the extreme and giving a piece of this pie to the many legendary folks I have met who can help see to the fruition of this moonshot.
Let’s get into the process through which I see Persist having a decent shot at making this a reality, or at least beating the 1 in 0.00001075268 odds which, to the degree that you see we are above those odds, would warrant seeing a bet on our alpha being worth it.
Persist Ventures business model can be summarized as “Automating the science of turning a profitable idea into a profitable venture.”
Persist Ventures, if given a most direct name would be called “Startups Ai”. The system we are building is research and development through the entire process of startup creation, to their ultimate success. Creating internal tooling to automate the process from founding team creation, launch, marketing, to Exit/IPO.
In a world where disruption is increasing, finding genius youth and getting them out of college to work on exponential ideas is increasingly powered. One such example Thiel Fellowship started in 2011 has given 100k to students to drop out of college and follow there dreams. To date, companies created by Thiel Fellows are together valued at more than $46.8 billion, excluding Ethereum which is valued at $450 billion.
Thiel Fellowship receives thousands of applicants each year and each year only 20 are selected. We created automations on top of India’s largest talent websites which allows us to accrue thousands of applicants for new listings like “Ai Founder”. Then to truly test their potential we put all applicants against each other in creating the best products the fastest. From there we select the best of the best.
In order to maximize our ecosystem benefit and value accrual, while enticing and incentivizing candidates, we offer a top 1% level salary for freshers, as well as ownership for the founders.
We understand that all venture capital is de-risking the path to innovation, and also recognize that the lowest risk way to do that is the same way companies maximize profit from output from employees.
When I was in high-school with recruiters flying out to watch my games, I was saddened by a lack of any recruiters for my brain and ideas, which ultimately were higher on the order of important to me than football. This is when this idea to fill this schism in the market first came to mind.
Any new business goes through much of the same processes, makes the same mistakes, and needs the same connections. Which is why an umbrella studio which helps each of its portfolio companies through the process has many benefits.