✳flâneur — a map of the web's best reading

Manifund

manifund.org · 867 words · saved by 1 readers

One way to give or receive funding for projects on Manifund is through impact certificates. The impact certificate ecosystem is like Kickstarter meets the stock market, for charity! For donors: “In an impact market, you (as the final oracular funder) only need to figure out which projects did work, which is much easier: for example, penicillin obviously worked, and flying cars obviously didn't. Then you buy the shares of those projects, and your job is done. Private investors still have to do the prediction behind the scenes, but they're only risking their own money, not charitable dollars, and they're properly incentivized to get the right answers.” —ACX For investors: If you have a good eye for what projects and founders are likely to be successful, you can now earn profits off of your skill — while helping early-stage projects get off the ground. For founders: Manifund is like a Common App for charitable funding: instead of applying one-by-one to a bunch of different grantmakers, y

Manifund Impact certificates One way to give or receive funding for projects on Manifund is through impact certificates . The impact certificate ecosystem is like Kickstarter meets the stock market, for charity! How do impact certificates work on Manifund? Founders create a proposal for a charitable project, with a minimum funding goal. Accredited investors initially offer to fund the proposed project through an auction. At a predetermined date, the auction will resolve: if the total amount bid meets the minimum funding goal, the project will be funded and top bidders by valuation will receive

Explore this link on the map →

related reading