Traditional companies are also scrutinized for their strategies, investments and donations by their shareholders, which I believe to be a good thing because it improves business and holds people and companies accountable.
Personally I wouldn’t start a guiding company that isn’t ethical (e.g. bad for the environment, known for underpaying, prohibiting unions, sweatshops, etc.) because I believe the profit has to be made in a good way, but that’s my personal view. Rationally, it would be better for oil companies to be guiding companies, where the profits would offset some of the harm they cause.
I believe that guiding companies need a similar investment infrastructure as traditional companies and I agree that more than one philanthropist would invest. These guiding VC’s would invest in the guiding companies who have the best shot at generating a large return on donation (ROD). In principle it’s exactly the same as traditional VC, who also invest in whatever they believe to have the highest ROI.
Traditional companies are also scrutinized for their strategies, investments and donations by their shareholders, which I believe to be a good thing because it improves business and holds people and companies accountable.
Personally I wouldn’t start a guiding company that isn’t ethical (e.g. bad for the environment, known for underpaying, prohibiting unions, sweatshops, etc.) because I believe the profit has to be made in a good way, but that’s my personal view. Rationally, it would be better for oil companies to be guiding companies, where the profits would offset some of the harm they cause.
I believe that guiding companies need a similar investment infrastructure as traditional companies and I agree that more than one philanthropist would invest. These guiding VC’s would invest in the guiding companies who have the best shot at generating a large return on donation (ROD). In principle it’s exactly the same as traditional VC, who also invest in whatever they believe to have the highest ROI.