Social Venture pump and dump? How, as a venture capitalist, can you inflate and dump (on unsuspecting buyers) a worthless startup, in which you are maybe the majority investor? And how can you do this with tax-deductible money? Via.
Philanthropy is a feel good business. It is along with patenting the human genome, and owning the food supply, or privatizing the water supply, one of the last things for capitalism to exploit and corrupt. Yet against that observation, capitalism, venture investing, mission aligned investing, honesty, solidarity, sustainability, and love can be well-aligned too. We just have to be careful and look at these deals with open eyes. They are subject to financial and tax abuses. They are also subject to the abuse of our trust and good will. As abuses abound, regulation will follow, causing unintended harms in their turn. For now it might be better if we use public opinion to ferret out and shame those who use double bottom line rhetoric to pick our pockets.