One interesting thing the last few years has been observing that there are classes of very valuable things needing very small amounts of money, and some very large pots of money seeking valuable things, and sometimes market doesn’t clear.
Worth thinking why this is true.
Worth thinking why this is true.
I wonder if part of the problem is that if you have e.g. $500k to give away and you would even consider 100X $5k grants this implies either a personally irrational amount of time investment or hiring the minimum viable foundation staff, which is probably $1M a year++.
Plus weirdly perverse incentives where the downside risk of being associated with a terrible failure or noteworthy ungood recipient for grant #63 causes you to overcorrect in having A Legible Process (TM) incorporating Charitable Best Practices (TM) with multiple specialists.
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