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verdvermyesterday at 6:19 PM1 replyview on HN

Putting capitalists in the middle doesn't seem new, more like another place they can extract a slice of the pie.


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whit537yesterday at 6:24 PM

Let's back up: The way an endowment works is that donors donate money, which goes into a more-or-less permanent investment fund. The interest from the investment fund is then used to a) fund mission-aligned programs (in our case, OSS), b) stay ahead of inflation, and c) pay operating costs.

Where are you seeing capitalists "extract a slice of the pie" here?

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