Venture Capital Meets Philanthropy
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A venture capital approach to philanthropy focuses on funding unconventional, high-risk/high-reward initiatives rather than traditional charitable giving. Here's how it works based on Sean Parker's approach.
Core Philosophy
- Take VC approach to philanthropy instead of traditional donations
- Look for unconventional solutions that others won't fund
- Focus on projects with potential for massive impact
- Fund initiatives that are "too crazy" or unproven for traditional funding
Key Elements
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Target areas:
- Cancer research
- Innovative medical treatments
- High-risk, high-reward scientific initiatives
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Investment Strategy:
- Find researchers/projects that struggle to get traditional funding
- Back unconventional approaches that could be breakthrough solutions
- Provide significant funding to enable real progress
- Take bigger risks than traditional philanthropic organizations
Mindset Shift
- Move from "safe" charitable giving to calculated risk-taking
- Focus on potential impact rather than proven approaches
- Willing to fail on multiple projects to find one breakthrough
- Apply startup/VC mentality to charitable giving
Example Quote
"I'm gonna find the people that are trying to cure cancer in the most interesting ways and then nobody will fund them because it's too crazy, it's too unproven, they have to convince the whole world that their crazy approach is gonna work... that's exactly what happens in the startup world"
Key Differentiators from Traditional Philanthropy
- Higher risk tolerance
- Focus on unconventional solutions
- Emphasis on breakthrough potential
- Willingness to back unproven approaches
- Looking for exponential rather than incremental impact
29:58 - 30:38
Full video: 57:35SP
Shaan Puri
Host of MFM
Shaan Puri is the Chairman and Co-Founder of The Milk Road. He previously worked at Twitch as a Senior Director of Product, Mobile Gaming, and Emerging Markets. He also attended Duke University.