







We're funding too many unsustainable companies.
The Race to Allocate One Trillion Dollars in Philanthropic Capital
Frontier Lab IPOs are coming, and philanthropy isn’t ready

louisgray.com: The Myth of the Billion Dollar Startup
According to the Wall Street Journal, there are now as many as thirty companies who consider themselves startups valued at a billion dollars or more , based on how much money they’ve raised through pr

A Trillion-Dollar Industry Deserves a Better Engine — Renaissance Philanthropy – A brighter future for all through science, technology, and innovation
With a new wave of philanthropic capital on the horizon, the most pressing binding constraint on that capital won't be the will to give it away; it will be the operational capacity to do so well.

News — Improbable
Stay up to date with the latest from Improbable — company milestones, venture launches, thought leadership, and industry insights. Explore how we’re backing and building the next generation of ventures.
The Beginning of the End of Big Tech
From politicians to VC firms, everyone is falling out of love with the massive, money-oriented, global technology titans. In their place, we have the chance to build something open and trustworthy.

We used to get excited about technology. What happened?
Innovation that truly serves us all is in scarce supply. That’s a problem.

Company as a Commons
What if excess wealth derived from business couldn't be privatized? Through the levers of steward-ownership, companies can protect their purpose-oriented long term mission from the maligned incentives of absentee stakeholders.

Pivot to People: It’s Time to Build the New Economy
Today’s calls for ethical, humane, responsible, regulated and beneficial technology, compounded with venture capital’s virtue signaling in…

Scientific Publishing: Enough is Enough
Why we're no longer funding journal publications

Scientific Publishing: Enough is Enough
Why we're no longer funding journal publications

How to Build a Billion-Dollar Company: Don't Build a Billion-Dollar Business
The better goal? Keep your head down, make a great product, and build a successful business. Silicon Valley prays at the altar of the billion-dollar

Coopting Disruption
Our economy is dominated by five aging tech giants – Alphabet, Amazon, Apple, Meta, and Microsoft. In the last twenty years, no company has commercialized a new

Is America Encouraging the Wrong Kind of Entrepreneurship?
In a 1990 paper, “Entrepreneurship: Productive, Unproductive, and Destructive,” late economist William Baumol argued that not all entrepreneurs are equal: there are both “productive” and “unproductive” endeavors. Most people think of all entrepreneurship to be what Baumol referred to as the “productive” kind, where the companies that founders launch commercialize something new or better, benefiting society and themselves in the process. Baumol was worried, however, by a very different sort of entrepreneur, the “unproductive” ones who exploit special relationships with the government to construct regulatory moats, secure public spending for their own benefit, or bend specific rules to their will — in the process, stifling competition to create advantage for their firms. Two recent trends indicate that this may be happening in the U.S. today: rising profits, especially those earned by the largest businesses in the economy, and suggestive evidence of an increase in efforts to shape the rules of the game. Baumol may have been ahead of his time. If the U.S. is going to tackle its many problems, we are going to have to find ways to encourage would-be entrepreneurs to start innovative, productive businesses, rather than dedicating their efforts to co-opting government in order to secure economic advantage.
Founders Hub | Transform Finance