This is a special post for quick takes by Olivia Scharfman. Only they can create top-level comments. Comments here also appear on the Quick Takes page and All Posts page.
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.
1