Tyler Cowen: prediction

Transcript context

…Speaking of founder energy, if we’re thinking about it in terms of starting a company or venture capital or whatever, I think one thing that worries me about it — maybe it’s too early in it, but I don’t see people dropping everything to join us, and they don’t have the skin in the game. So far — maybe I’m wrong — but so far, none of the big professors or whatever have revoked tenure and said, “I’m full-time University of Austin.” Is that a concern? I don’t know. I think the first thing I said is, we’re very close to T sub zero in the planning horizon. It’s just so, so early in the game. I’m not sure they will succeed by getting well-known people to join. That strategy itself might be a mistake. Most well-known people are somewhat older. Nothing against that, but it could be they revolutionize the world by getting a few 23-year-old YouTubers on board, right? Right. Maybe they should read your forthcoming book on how to spot talent and use that to recruit new professors, or nonprofessors, as the case may be.…

Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.