30M? I love art as much as the next guy but that is just a straight up waste of money.
Would it be better spent paying Stanford grads to make an app that can get you food in 25 minutes instead of 30?
Yes. By any moral framework.
What moral framework prioritizes loss making food delivery apps over art?
What if in order to get city dwellers (who were already able to get food, albeit having to wait 5 more minutes for it) food the app makes unreasonable demands on delivery workers (who probably won’t be employees but “associates” instead) to the point that it becomes a high-risk job, except it’s not a job so they’re on their own when they have an accident, and if they don’t, they barely make ends meet anyway? Honestly, my moral framework prefers the art.
You could support a shitload of artists with 30 million dollars.
While I agree there's a lot of value in wider distribution of arts funding, I suspect the people giving $30mm to this are also giving immeasurably more to other artists than the VCs funding the next cycle of food delivery startups are. More likely the rest of their portfolio is full of straight-up negative value stuff like more payday loan companies.