Hacker News new | ask | show | jobs
by gutitout 1542 days ago
Is the gates foundation known for investing in things that don’t drive revenue for them?
2 comments
wcoenen 1542 days ago
It's a non-profit set up to spend their fortune on charity...
link
to1y 1542 days ago
Are they known for the opposite?
link
gutitout 1542 days ago
“The No. 1 objective is preservation of capital,”

https://www.aljazeera.com/amp/economy/2021/6/21/bill-and-mel...

Perhaps the marketing is good

link
FateOfNations 1542 days ago
That's typical for foundations that operate along the lines of an endowment. The idea is that they want to be able to continue the sustain and grow their philanthropy forever and they can't do that if they run out of money.
link
gutitout 1541 days ago
They invest in things that drive revenue for them. Including Crispr, WHO, farm land, fake meat, vaccines, etc.
link