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We're back with another edition of the Federalist Radio Hour. I'm Emily Gisinski,

culture editor here at the Federalist. As always, you can email the show at radioatthefederalist.com,

follow us on Twitter at FDR LST. Make sure to subscribe wherever you download your podcasts as well.

Today we're joined by author Michael Gibson. He's the co-founder of the venture capital fund

1517 and author of the new book Paper Belt on Fire that is out on November 29th. Michael,

thank you so much for joining the show. Hey, thanks for having me on. Happy to be here.

Yeah, of course. I mentioned 1517 just a few seconds ago and the book really tells the story of

what you're doing. You have blurbs that are fantastic blurbs, by the way, from Peter Tiel,

from Mark Andreessen and from Tyler Cowan. Can you tell us before we dive into the book in particular

about 1517? Just a basic overview of what you're doing. Yeah, those are great blurbs and definitely

check those out. Basically, Peter Tiel started his fellowship program, which I think a lot of

people have heard of. We started that in 2010. That was a grant-making program that had two newsworthy

conditions. The first was that we were giving $100,000 to 20 people a year and they had to be 19

...