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What is the best thing billionaires can do with their money? The common view is that if they give to charity, this is great. But if they just did nothing, that would leave the resources for the rest of us to use. Is it better for them to choose the use? Not clear.
To be the "angel investors" of nonprofits. Big donors are super bureaucratic and never want to take risks on new nonprofits. But the best new nonprofits are great, just as the best new for-profits are. So by funding new nonprofits, you can increase the efficiency of big donors.
Strong pitch for @Charity_Ep!
As a founder who has a past in running NGOs (and trying to get funding from big/small donors) - could not agree more.
you should follow what @Ashoka is doing... financing social entrepreneurs directly. Highly efficient model.
exactly my feeling when talking to @teamameelio. So much talent flowing into new nonprofits, the $ will surely follow.
I would change this to say "new mission driven organizations". Being non-profit isn't a necessary pre- at all, right. Just innovative and mission driven.
"Innovative and mission driven" sounds good on paper but profitable business always have their final responsibility towards revenue. A hotly debated argument of 'more revenue - more economic growth' can be made though. But more importantly, taxes.
Insightful. What core metric do you think nonprofits should be measured by to determine efficacy?
In a sense there is. YC funds nonprofits too, and they present at Demo Day along with the for-profit startups. (It's an audience full of fairly rich people after all.)
How do you measure success here?
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