Giving away money is stupid. With that much money I would rather fund companies that push the frontier on something. If it fails no biggie, if it succeeds it will probably end up employing people and giving them a source of income for life while simultaneously contributing to human progress.

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jmalicki 7 hours ago | parent | next [-]

You're saying charities like OpenAI that people have given money to haven't pushed the frontier on anything?

You'd rather vibecode a SaaS or start a dropshipping business because that is somehow pushing the frontier more than a charity like OpenAI people gave away money to?

	▲	6 hours ago \| parent [-]
		[deleted]

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Forgeties79 7 hours ago | parent | prev [-]

Why wouldn’t you fund nonprofits and artists?

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socalgal2 6 hours ago | parent | next [-]

Artists don’t need money. More money is poured into the arts than at any time history.

Motion picture arts, literary arts, video game arts, graphic design arts,

and also at no time has it cost less to get an audience and find supporters. YouTube , TikTok, instagram, twitch, patreon, starsubscribe, gumroad, etc…

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rayiner 7 hours ago | parent | prev | next [-]

A lot of non-profits are just jobs programs for people who run in the same educational/social circles as the wealthy people. Not all non-profits obviously. But a shocking amount when you get close to it.

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Forgeties79 7 hours ago | parent [-]

And for-profit companies are better than a quality non-profit…how?

	▲	rayiner 6 hours ago \| parent [-]
		Note my caveat: "Not all non-profits obviously." I didn't say anything about a "quality non-profit." I said that a lot of non-profits are jobs programs for people who travel in the same social circles as wealthy people. Those non-profits often make little meaningful impact. Those non-profits are worse than for-profit companies because ineffectual for-profit companies at least go out of business. By contrast, fund-raising for non-profits generally isn't based on results, it's based on social networks. Donors get the same tax write-off whether the non-profit is effective or not. And they have social reasons for donating to non-profits run by people they or their spouse went to school with, grew up with, etc.

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dyauspitr 6 hours ago | parent | prev [-]

Because you get very little value from them. I haven’t seen anything paradigm shifting come out of non profit besides OpenAI which they then promptly turned into a for profit spinoff.