I can't disagree more. Yet another accelerator that takes a large ownership stake in a startup for a few months of "mentorship" isn't going to have anywhere near the impact of a well-run non-profit like say the Gates Foundation.
We need more Bill Gates who use their wealth and influence to do things eradicate Polio, reduce infant mortality in the third world, and get to basic sanitation to the half of the world's population that doesn't have it.
Blindly donating to charity is the worst thing you can do. There is literally a war going inside every charity on how to best steal the $.
My first job, was at an agency, that was created because a charity was stealing so much and doing so little, so they created their own agency cause most of the money was going advertising/stealing instead of doing actual work.
I have long held that a place like Costco has done more good for the world than a bunch of conceited snooty egomaniacs sitting around a boardroom table at the Rockefeller Foundation.
We need more Bill Gates who use their wealth and influence to do things eradicate Polio, reduce infant mortality in the third world, and get to basic sanitation to the half of the world's population that doesn't have it.