It has a title ARPAS, FROs, and Quick Grants, Oh My! The host is the wonderful Tammy Winter, and the other guests are Patrick Hsu and Adam Marblestone, and yours truly.
Here is the link, with the transcript. Quote:
Tyler Cowen: In almost all institutions, we should take more opportunities for young people, give them more authority, in general. My background is very different from all of you in this meeting. I spent most of my career studying the financing of the creative arts, the economics of the arts. That is my constant touchstone. When I hear about Focused Research Organizations that expire when the project is over, I think of Hollywood movies. We have been doing that for a long time.
You can almost always find similarities in art, which makes you more optimistic about what you can do. Fast funding was a big thing during the Renaissance, and it worked very well. I knew when we started Fast Grants, “Oh, we can do this” because of the historical examples.
And if you think about young people running things – well, who ran the Beatles? There was George Martin and Brian Epstein, but the Beatles ran the Beatles. Paul McCartney had to find a recording studio. We don’t call that science, but that was a very difficult science project that had never been done before. And this guy, who didn’t go to college, at the age of 23 starts thinking and becomes a champion. When you see those things happen in art – often, they do – you become more hopeful. “How many people can do this? How can we measure it? Can young adults contribute? Can all this work?”
You don’t say it’s easy – many projects in the arts fail too – but you think, “Yes, yes, yes, we can do this.” And you do it, or you try to do it.
Recommended, interesting throughout. We’re very excited to tap this at Stripe headquarters.
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