> something similar, but aiming at growing cooperatives, non profits, externally checked for alignment organisations striving to benefit humanity as a whole
replyThere are a lot of investment funds like this, usually called something like "ESG" (environmental, social, and governance) funds.
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replysounds like a non-profit service project, not an investment.
replyHow is that incompatible?
replyI think making money usually helps people. But it does affect every decision you make. When you’re investing you look at financial criteria. When you’re donating you look at social criteria.
replyThe whole “VC in non-profit” thing was a trend from 2012 to 2017 or so and it did not work out for this reason.
How do you distinguish social from financial here? Isn't finance just a loose way to quantify social considerations?
replyI think there are plenty of interesting non-profits that won’t make you any money. I donate to some!
replyThere is a radical version of capitalism where you would say only things that make money (what people pay for) are providing social value, but I don’t think that’s what you’re getting at.