I believe that incentivized prizing is the best solution to help unlock the answers to the some of the profound problems that plague our planet.
My father was a civil servant in northern India where I was born. As a boy I saw the dire effects of poverty and illiteracy, especially on women and children. It often seemed that the only thing separating me from them was luck.
Philanthropy without scale and sustainability is like any other bad business that will simply wither and die on the vine.
Great entrepreneurs focus intensely on an opportunity where others see nothing. This focus and intensity helps to eliminate wasted effort and distractions. Most companies die from indigestion rather than starvation, i.e., companies suffer from doing too many things at the same time rather than doing too few things very well.