Could AngelList help generate soon, in the next few years, a mini-boom in quantum computer angel investment? Maybe, and I sure hope so.
For a long time, I’ve been using this blog to advocate for more private investment into quantum computing.
I’ve argued that the answer to that trick question “how long will it be before we have (gate model) quantum computers” depends to a high degree on how much the private and public sectors are willing to invest in quantum computing right now to achieve that goal. I gave as an example the Manhattan Project where the US government went full out, no holds barred, and, in just 6 years, went from almost zero nuclear technology to two different A bomb models.
I’ve also never hidden from the readers of this blog the fact that I myself would like to start a smallish company writing software for quantum computers. But Academia and old fashioned VC firms have failed me.
Academia alone would take forever to achieve a gate model QC, because those guys have very little incentive to move fast. Why should they. They have their cushy tenured jobs and their old boys network/mutual adulation clubs to assure them stellar evaluations and almost permanent government funding, whether they perform well or not.
Old fashioned venture capitalists like those funding D-Wave, have, IMO, also failed all of quantum computing. They have fixated on their favorite, D-Wave, to the exclusion of all other companies. They have failed to fund any gate model QC hardware or software companies, in any significant way that I am aware of, even in light of certain omens (see references below) that should at least give pause to any prudent investor.(I’m not talking about funding giant multifaceted companies like Microsoft or IBM, I’m talking about funding companies dedicated almost exclusively to QC pursuits)
But maybe now what are commonly and aptly described as “investor/startup social networks”, or “investor/startup matchmakers”, might change all that. The most famous of these seems to be AngelList, a brat, merely 4 years old, but already putting on quite a show. I’ve recently joined AngelList and I bet other QC entrepreneurs will soon be joining too. It seems that AngelList is the new sheriff in San Fran town and it is hell bent (and from the looks of it, succeeding beyond anyone’s wildest dreams) in revolutionizing how angels invest in new companies. AngelList is no doubt putting fear in the hearts of old fashioned VC firms who all of a sudden have had their cozy buyer’s market turned into a seller’s market. It reminds me of MOOCs. As I’ve commented elsewhere in this blog, MOOCs are also forcing a dinosaur, i.e. the present day American University, to change or go extinct.
Ta-Tan, behold World my AngelList link:
Dying to hear from you, Larry Page, Larry Ellison and Mark Zuckerberg
References (in fine Wikipedia style)
References on AngelList
- Wikipedia entry for AngelList.com
- AngelList, the Social Network for Startups,
(by Brad Stone, January 16, 2014 , Bloomberg Businessweek)
Very authoritative references on D-Wave