That'll be expensive. On the order of 100's of millions per year at that scale. 15,000 * 1000 = 15 M / month for an amount that would move the needle, but still not enough to live off.
You're right and maybe its more about providing the YC participants with a vested interest in the overall success of all the YC companies than providing them with a guaranteed income for life.
You'd want to size it to provide enough equity to turn the 15,000 participants into active evangelists of the larger network of YC companies than just their own individual startup.
And yes it is expensive. There are definitely significant parallels in that sense to the larger UBI discussion :)
> You'd want to size it to provide enough equity to turn the 15,000 people into active evangelists of the larger network of YC companies than just their own individual startup.
They already do this, for free. The YC alumni network is a vast resource and a substantial force behind the recruitment of new start-ups.
Roughly, yes YClist has 1280 of them, and every half year there are more. And at 10 FTE / company average the GGGP's 15,000 FTE total is believable. It could easily be more than that.
I'm reminded of an amusing projection of telephone switchboard operator jobs (from the early 1900s) soon occupying half the US population, but can't find it right now.
