Sarah Drinkwater

We’re a philanthropic fund that makes grants and investments to improve humanity’s long-term prospects.

Most startups don’t die because someone is actively trying to kill them, but simply because the founders stop trying to keep them alive.

In Europe, investors in first-time funds have a higher chance of exceptional returns. But why is that?

As with other forms of Cheems, there is obviously an important distinction here between ‘friends giving you helpful advice about obstacles you’ll need to overcome, or trade-offs to be aware of’, and ‘reflexive cynicism’. 

Since last summer, a start-up in beta mode has been soliciting volunteers to take part in 55-minute sessions called “gathers,” where strangers discuss their deepest hopes and fears. The fledgling company, Peoplehood, is led by the entrepreneurs Elizabeth Cutler and Julie Rice, who combined sweat and spirituality in their last venture, the high-end... See more

We greet information with a fundamental suspicion: Things might be otherwise. Contingency is a trait of information, and for this reason fake news is a necessary element of the informational order. So fake news is just another piece of information, and before any process of verification can begin, it has already done its work. It rushes past truth,... See more

Valuing AI companies using traditional VC methods and metrics isn't just wrong—it's dangerous. SoftBank values OpenAI at $300B Microsoft values it at $157B Elon wants to buy it for $97B Who is right, who is... See more

Established institutional LPs have backed solo GPs. University endowments and other institutional investors have funded several top managers. In doing so, these LPs seem to have made peace with the model’s structural risks.