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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.