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Wanted: New Instruments to Fund BBNs
A guest post by Alex Obadia
I quickly shared a summary of Tom Kalil’s thoughts on the four biggest financial hurdles great BBN founders would need to deal with, and, with that, told Alex I’d be happy to hand over the reins to FreakTakes for the day. Whether this has been because a founder did not wish to put personal assets at risk or there did not exist a lender technically savvy enough to price the deal appropriately, these instruments have simply not yet been an enabler of new BBNs thus far. Given a BBN’s goal to both pursue ambitious work and substantially offset their costs in the process, low or no-interest loans from philanthropic entities might be a natural, capital-efficient instrument to catalyze new BBNs.
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