Someone once told me that boredom is often repressed anger. Got me thinking.

Thanks, Greg! We really appreciated all your help. Been too long.

I’m a fan of DAFs and agree they are underutilized. Getting ppl to donate stock might be hard but I’ll chat with Mackinnon, Watsi’s ED, about it and let you know if we have any questions. Appreciate the offer to help share research!

Totally!

What you’ll hear from DAF folks is

“we have to sell everything we get in when we get it” -> not true, managed by disclosures

“Our job is managing volatility of the donated assets, so getting volatile assets would be bad for the fund, or possibly not allowed” -> not true, managed by disclosures

“DAFs are disliked because of asset stuffing, and on the down” -> true as to the first part. On and off legislative pushes centeraround getting 2-ish% a year as a mandatory donation, so you could be ahead of the curve on an ‘ethics’ basis with this as a rule.

“It’s impossible to value illiquid stock so we can’t get a proper deduction” -> not true, you can get an outside valuation, or see below on the secondaries

The scheme I’d suggest on a call would just be: find a friend who did well from your cohort, or pitch some of your VC allies that have helped on the board, see if anyone is willing to give it a try in the 10mm or so range. You’ll then need to find someone who wants this stock in the secondary market; this would be either the key partnership or the key staff you hire, and another reason to bring in the VCs here. You’d be able to accept any donor with stock that has a value in the secondary market.

One of the things we looked at was psychology on give now / give later, most founders are planning on mooning, and therefore want to give later. This lets them split the difference a little - deduction at current secondary prices, but they could hold off on selling and get more out to charity if the stock does well.

On valuation, to my mind the easiest path is finding a secondary buyer, then you’ve got an independent price.

We even ID’ed an Exec Director who wants to do this, and would be great! My contact is in my profile.

I wonder if some sort of partnership with https://forgeglobal.com/ could potentially help for syndicating to secondary buyers?

Nice idea! I didn't know about them, but yes, exactly

That’s a very long time - thank you both!

@chaseadam17 -

This is where I learned about Watsi - https://www.youtube.com/watch?v=WlT3UhC7NwQ

I attended it in person. Very inspiring!

The old Teespring office, those were the days!

Love the idea and have long wanted something like this to exist. One other twist is you could let ppl vote on where to donate the profits.

Thank you so much!

That's incredible. Monthly donors are Watsi's lifeblood - it is so impactful to be able to bet on receiving a certain amount each month - thank you!

Thank you :) Watsi is lucky to have an incredible team and medical partners, who work in some of the most challenging environments to provide care to patients.

If you assume this is true, what are the new high-status career paths out of college?