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by stingrae 3989 days ago
How do you explain YC investing in Non-profits like Watsi? There is more to YC than the payout. There is definitely a core goal to help good people build better products. Money just usually follows.
1 comments

Easily explained: TAX DEDUCTIBLE!

Sorry, but I am not buying into the theory that "money just follows". That's a sweet pipe dream and all, but not a reality I'm familiar with.

I don't follow. A donation is a net loss even after the tax deduction. There is no profit from funding a non-profit, even if you can take a tax write off.

If you want to be cynical, good PR would be a much better explanation than something involving taxes.