I would need to think about this more, but one argument for thinking we have a comparative advantage is that we’ve already demonstrated a surprising amount of headway in getting HNW people, particularly in Silicon Valley, on board. Plus there are some notable people in that group who weren’t recruited in any meaningful sense but who have strikingly similar goals, e.g. BIll Gates. Prima facie I think it’s plausible that very large donors tend to give more time to the question of where they should donate and do it on less personal grounds.
Neither of these is a knockdown argument, but the ‘crowded market’ claim has its own nuances. For instance, presumably the reason that the market is so crowded is because charities find it relatively easier to raise money from HNW’s despite the crowdedness (or at least not significantly harder).
I would need to think about this more, but one argument for thinking we have a comparative advantage is that we’ve already demonstrated a surprising amount of headway in getting HNW people, particularly in Silicon Valley, on board. Plus there are some notable people in that group who weren’t recruited in any meaningful sense but who have strikingly similar goals, e.g. BIll Gates. Prima facie I think it’s plausible that very large donors tend to give more time to the question of where they should donate and do it on less personal grounds.
Neither of these is a knockdown argument, but the ‘crowded market’ claim has its own nuances. For instance, presumably the reason that the market is so crowded is because charities find it relatively easier to raise money from HNW’s despite the crowdedness (or at least not significantly harder).