Comment by verdverm
1 day ago
There are many existing projects like this, I'm not going to pick the one started by a former VC
Ask if those have not changed things, why would a VC run thing make things better? The last 2 decades have shown us what VC centeredness has brought us
Can you point out some existing ones with traction? I'm looking more at the list of people who are on board with it ("Trusted by open source creators" section) than who is actually running it, which I think is more important to get buy in than whoever is pulling admin strings in the back.
> Can you point out some existing ones with traction?
That's kind of the point, there are none. The question is why? If people cannot even click a button to support when it's right there...
I don't think people coming out of the VC world are going to fix it, call me cynical if you like
You said: "There are many existing projects like this", directly followed by "That's kind of the point, there are none." when asked for an example. Which one is it?
It's seems like a pretty thankless fundraising job but one where having connections to companies, banks and experience with distributing funds comes in handy. What's in it for a VC? I'd assume incoming deal flow and connections to new open source companies.
Seems more promising to me than a technical open source maintainer stepping up to do it on the side. But time will tell.
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Former VC!?
KV ... you gonna take that lying down? :P
> There are many existing projects like this
Also please link, we're not aware of any other endowments exclusively focused on Open Source.
Look at OP's profile: https://news.ycombinator.com/user?id=kvinogradov
https://runacap.com/
Not the former VC, but an active venture capitalist: https://kvinogradov.com. I earn money by investing in open source / AI / infra software startups, and I spend money by donating to nonprofit open source projects :-)
Also, it is not a VC who run things, but the team which consists of people with diverse backgrounds (founders/executives/devs x OSS/nonprofit) and the donor community (which everybody can join): https://endowment.dev/community/
It's the VC "class", similar to the Epstein Class, nowhere near as bad or vile, but have definitely been one of the primary reasons the wealth gap and inequality have risen and continue to rise
With your strong feelings against VC, I hope you are aware that HN is the message board of one of the leading VC firms?
> but have definitely been one of the primary reasons the wealth gap and inequality have risen and continue to rise
That's a pretty big leap you are doing there.
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