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E135: Wagner rebels, SCOTUS ends AA, AI M&A, startups gone bad, spacetime warps & more
All-In with Chamath, Jason, Sacks & Friedberg
The Problem With Endowments at Harvard University
The profit motive of these universities is really to be shadow organizations for their endowments. The people that work there very much want to get paid and behave like profit-generating organizations. I think the problem with that is that that's not how the endowment at Harvard works. They wouldn't necessarily make risk-seeking investments in things like private equity and hedge funds or venture capital.
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