The new influx of philanthropic capital that Nan Ransohoff wrote of (possibly ~$37–100B per year) invites us to think about an important Q: how do you get philanthropic incentives to be closer to market efficient?
Entrepreneurs are often making a big bet that success=generational wealth, failure=not much. Can philanthropy replicate this with prizes? Weird structures of equity in hedge funds that depend on the future going well? Would love to hear people’s incentive structure ideas.
@Ape in the coat’s arguments about mutual exclusivity have me fairly close to 50⁄50.