Philanthropy has a low ROI.
They should rather put their money in a VC fund, and invest it in promising ventures, lead by visionaries.
See Peter Thiel’-s “-Audacious Optimism”- event. Posted in Business | Tagged Bill Gates, billionaires, capital, Fortune, giving, Giving Pledge, investing, investments, millionaires, Money, Philanthropy, Warren Buffett, wealth |
I wrote that I disaprove Bill Gates and Warren Buffett’-s Giving Pledge operation, because I rather favor billionaires investing in young startups lead by visionaries. Well, just after the publication of that post, I stumbled on the “-Audacious Optimism”- event, which satisfies my request. The Thiel Foundation is encouraging philanthropists to donate more money to scientific pursuits that could lead to big breakthroughs in medicine, artificial intelligence, and nanotechnology, among other fields.
Note that Peter Thiel draws a distinction between “extensive” technologies, which “take things that are working and replicate them”-, and “intensive” technologies, which try to “take the things that are best in the world and make them qualitatively and dramatically better”-.
Posted in Entrepreneurship | Tagged Bill Gates, billionaires, capital, Chris Wood, Christine Peterson, enterprise, entrepreneurs, Entrepreneurship, entreprises, extensive technologies, Foresight Institute, Fortune, funders, funding, giving, Giving Pledge, innovation, innovators, intensive technologies, inventions, investing, investments, Mike Kope, millionaires, Money, Neil Jacobstein, Patri Friedman, Peter Diamandis, Peter Thiel, Philanthropy, Ray Kurzweil, Santa Fe Institute, Seasteading Institute, SENS Foundation, Singularity University, startups, Thiel Foundation, Warren Buffett, wealth, X PRIZE Foundation | Posted in Business | Tagged America, assett bubbles, Barack Obama, Bill Gates, capitalism, Founding Fathers, gold standard, jobs, paper money, Peter Schiff, public debt, Ron Paul, US bailouts, US dollar, US dollar carry trade, US economy, US jobs, US politics, US public debt, US Senate, US student loans, US tax credits, US Treasury bonds, Wall Street, Warren Buffett | Hilarious. Right-click on the image to open the link in another tab. Enjoy. Read the previous blog posts by Chris F. Masse: Eliot Spitzer has simply demonstrated once again that those who rise to the top of organizations are very often the most demented, conflicted individuals in any group. Business Risks & Prediction Markets Brand-new BetFair bet-matching logic proves to be very controversial with some event derivative traders. Jimmy Wales accused of editing Wikipedia for donations. What the prediction market experts said on Predictify Are you a MSR addict like Mike Giberson? Have nothing to do this week-end? Wanna trade on a play-money prediction exchange instead of watching cable TV? Wanna win an i-Phone? The secret Google document that Bo Cowgill doesn’t want you to see