@SexyLikeMeiosis - We need the equivalent of a SAFE for philanthropic
whimsy lohan (in SF)✓@SexyLikeMeiosis
2026-05-20We need the equivalent of a SAFE for philanthropic investments/donations. If you might want to work on this, come talk to me.
Art Min@artmin2026-05-20While the operational gap Nan reference is real, there's a bigger one underneath, the framing gap on what philanthropy is allowed to fund. Context: I've spent the past decade working closely with billionaires on setting up and running their foundations and tech-for-good initiatives, and launched a number of mission-led for-profits and nonprofits along the way. Philanthropic capital doesn't have to fund only nonprofits. Private foundations CAN make investments into startups. DAFs CAN back public benefit corporations. Government matched funding CAN underwrite commercial ventures. While controversial, @OpenAI itself began as a nonprofit. The problem is that it's kind of a hassle to process these transactions. Yes, I agree with the need for a YC for nonprofits. But, I'd add that the scope should cover both nonprofits AND mission-led for-profits. If we default to 501(c)(3) grants because that's how philanthropy has always operated, half the deployment surface area to achieve real impact gets left out. Thoughts?