The most surprising thing I've learned from being involved with nonprofits is that they are a magnet for sociopaths. One's naive reaction is "Why would nonprofits attract them? Nonprofits do good!" But the defining quality of nonprofits is to make no profit, not to do good.
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1/ I'm working through holidays & weekends for my NGO. 2/ We just got a VC wanting to invest in our tech. We're not even trying. 3/ If we fail to deliver, we can be sure to be blacklisted internationally. No more donors.
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Just realized I treated my NGO like a start-up
Probably that's the reason a VC came to us, LOL.
Anyway we're very grateful, and will continue to try to do good
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Easy or abundant money anywhere increases chances of fraud, be it startups or non-profits. Continued funding of non-profits requires compliance to strong monitoring requirements much more than angels ask. In fact, for overconfident narcissists, it’s easier to raise VC money.
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Easy for a while, and then suddenly much harder.
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I think this probably depends on the sector of the nonprofit. Some attract credulous donors, and that probably includes many of the long tail kinds of nonprofits that valley people are likely to go into.
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I'm not sure why you think sociopaths are lazy. I have worked for at least two different semi famous sociopaths (I can send you the NYT articles when their respective houses of cards collapsed). They were both extreme workaholics.
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Sociopaths can be hard workers and investors (even sophisticated ones) can be fooled, as the Theranos debacle showed. Many other examples, although the blow-up phase tends to occur earlier.
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That’s when it’s time for a technology pivot!
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The funadamental drawback of a startup is that its defined by money and not all things should be defined by money
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This is fundamentally underrated. Non-psychopaths are concerned about blowing up. Psychopaths aren’t. That’s why they end up blowing up so much.
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