By Daniel S. Katz

Venture capitalists work under the concept of investing small amounts in lots of startup companies, some of which will fail, some of which will make a little money, and a few of which will make a lot of money.

This is similar to the "Miracle Machine" argument Eric Lander makes for funding basic science research.

In venture film production (transcript), the producer spends small amounts of money making large numbers of movies, some of which will lose money, some of which will make a little money, and a few of which will make a lot of money. There are a set of rules, which basically boil down to: 1) keep costs down by not doing expensive things; 2) if you need to do expensive things, pay for them through profit share rather than up front costs; and 3) don't spend more than you plan.

Is there a venture reproducibility equivalent for reproducibility? Can we use the idea that reproducibility will often either fail or succeed to a small extent, and a few times will succeed to a large extent? How do we make reproducibility as low cost (low effort) as possible for the researcher? And, how do we build "profit share" for the researcher so that if their research is reproduced (or perhaps even reused), they gain?

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Authors

Daniel S. Katz

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Zenodo.322653

Published: 24 Feb, 2017

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