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.
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Replying to @jonatanpallesen
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.
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Replying to @EMMETT_HW @jonatanpallesen
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.)
8:31 AM - 16 Dec 2020
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