100%. Just got out of a meeting where the non-profit leader had the same frustration. SV’s apathy towards social causes (regardless of their ‘we are changing the world’ slogans) is really unfortunate.https://twitter.com/kimmaicutler/status/1050854861493825536 …
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Hmmm. The signaling is more secure if you are known to be early employee & equity holder at high flying co. Year to year variance of performance and stability in hedge funds means signaling via philanthropy is more important
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I am speaking at a fundraiser today in Seattle, for The Citizen’s Foundation, that has setup 1500 schools in Pakistan. Setting up a school costs $350k (incl 5 yr operating costs). Just met two people who donated a school each. Annual pay + bonus for them = <$300k each. No equity.
End of conversation
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