Philanthropies of Scale
The problem with charities is that they have no motivation to become more efficient. The question is not how to create a chain of soup kitchens, but how to develop leadership that creates intrinsic incentives for the staff.
MIDLAND, TEXAS – Since starting my own nonprofit organization, I look at other nonprofits with new eyes. There are far more of them than I ever realized. As an angel investor, I did not normally engage with them. Now I worry that they are terribly inefficient.