@Marcus Abramovitch 🔸 we should absolutely do what you say in your last paragraph, and we also call that PFG. We just have to make sure this is locked in governance (e.g. foundation owned, steward-ownership). I would love to buy existing businesses and turn them PFG, or invest more in existing PFG’s (e.g. I think a philanthropist should give Humanitix dozens of millions to try and dominate the American ticketing market).
There’s pretty good evidence on foundation-owned businesses outperforming their competitors (I don’t want to seem like I will pick and choose evidence, so start by looking at peer-reviewed data on foundation owned businesses yourself). That’s somewhat amazing considering PFG’s are mostly not allowed to exist, so I didn’t expect this evidence to even be able to exist. Philanthropists and investors have always deprived PFG’s of necessary capital, sometimes intentional, but often unintentional. That Rolex, Bosch, Newman’s Own, Carl Zeiss, Patagonia, AFAS, Rituals and Humanitix have all outperformed in their industries is a very encouraging sign. It’s a shame it’s so far missed by philanthropists. I invite everyone to find as much evidence against PFG’s as possible, and I agree Glo hasn’t been able to be successful.
@Marcus Abramovitch 🔸 we should absolutely do what you say in your last paragraph, and we also call that PFG. We just have to make sure this is locked in governance (e.g. foundation owned, steward-ownership). I would love to buy existing businesses and turn them PFG, or invest more in existing PFG’s (e.g. I think a philanthropist should give Humanitix dozens of millions to try and dominate the American ticketing market).
There’s pretty good evidence on foundation-owned businesses outperforming their competitors (I don’t want to seem like I will pick and choose evidence, so start by looking at peer-reviewed data on foundation owned businesses yourself). That’s somewhat amazing considering PFG’s are mostly not allowed to exist, so I didn’t expect this evidence to even be able to exist. Philanthropists and investors have always deprived PFG’s of necessary capital, sometimes intentional, but often unintentional. That Rolex, Bosch, Newman’s Own, Carl Zeiss, Patagonia, AFAS, Rituals and Humanitix have all outperformed in their industries is a very encouraging sign. It’s a shame it’s so far missed by philanthropists. I invite everyone to find as much evidence against PFG’s as possible, and I agree Glo hasn’t been able to be successful.