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Wanted: New Instruments to Fund BBNs

Wanted: New Instruments to Fund BBNs

1 comments

·June 20, 2025
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mtlynch

This is so jargony that it's painful to read.

They don't explain what a BBN is until paragraph 7, and even then, they're describing it in terms of how it's different from "FROs," another jargon term I've never heard of.

To avoid a shallow dismissal, I'll try to summarize:

- BBNs are research-heavy consulting firms (named for Bolt, Beranek, & Newman, the firm that developed ARPAnet).

- OP is trying to think of funding instruments (partially inspired by YC's SAFE note) that make it attractive for investors to provide capital that helps BBNs operate.

- OP doesn't really propose anything but is soliciting ideas from would-be founders of a BBN-type firm.