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Are you saying PG/YC is in the business of being charitable? I think that behavior only emerges when the average payout is larger than what they put in..
by wakaflockafliz 11y ago
Are you saying PG/YC is in the business of being charitable? I think that behavior only emerges when the average payout is larger than what they put in..
- stingrae 11y agoHow do you explain YC investing in Non-profits like Watsi? There is more to YC than the payout. There is definitely a core goal to help good people build better products. Money just usually follows.
- wakaflockafliz 11y agoEasily explained: TAX DEDUCTIBLE! Sorry, but I am not buying into the theory that "money just follows". That's a sweet pipe dream and all, but not a reality I'm familiar with.
- landryraccoon 11y agoI don't follow. A donation is a net loss even after the tax deduction. There is no profit from funding a non-profit, even if you can take a tax write off. If you want to be cynical, good PR would be a much better explanation than something involving taxes.