Comment by mmrasheed | Hacker News Reader

Comment by mmrasheed | Hacker News Reader

My two cents... Open your startup in the third world, developing countries. Or, at least lead some people in those regions to grow their own problem solving skills with IT and engineering. Or, travel to those regions with your targeted donation savings and see the suffering of humans.

If charity means donating the money we think we no longer need, then we should go for any of the charity foundations mentioned in other comments. But the real charity would be to take our butts off our comfort zones, travel to the targeted countries, experience the real suffering of humans, and to find out how we can contribute with our top notch expertise in IT and engineering. Even discovering hidden prospects in those regions and nurturing them for local socio-economic development would be cool charitable work. Even, opening our startups and employing local people would contribute more significantly in those regions than millions of dollars in donations to those named charity foundations. It will not only improve our skill in practical problem solving, it will also enhance our spirituality.

I think that startups where the users are principally people in poor countries is a very promising area for socially minded people to work in.

Startups usually (but not always) generate value for their users in the form of consumer surplus. Because of diminishing marginal utility of money, $1 of consumer surplus in poor countries is worth 10x or more than $1 of consumer surplus in rich countries.

Some examples: Wave (YC alum) is making sending remittances cheaper (taking only 3% rather than 10% like Western Union). $0.4 trillion in remittances are sent every year. Segovia is making benefit payments in India more efficient, so that only 10% in lost in transactions rather than 50% as is currently the case. Both of these in my view have massive social value (and are run by people in the effective altruism community).

* Technical experts won't necessarily be good at teaching people to use technology, or helping to set up infrastructure in third world countries.

* Other people (eg. teachers) will be better-placed to teach technical expertise to people in the third world.

* Technology isn't necessarily the most valuable thing to people in the third world - often they need simple things like corrugated steel roofs, anti-parasitics drugs and malaria nets.

* Technical experts are the best people at creating technology (tautologically) and they'll be more productive at that than they would be at any other task (and more productive any anyone else would be at creating technology).

So the elegant, effective solution is to have technical experts apply their technical expertise where it's most needed, get paid as much as possible (while doing useful work) and donate a significant portion of their earnings to fund education and development experts (who would otherwise be doing something less valuable) to go to where they're needed and help poor people in whatever way they need help.

Sending technologists to the third world will do about as much good as sending academics to the farms. May it would be spiritually enriching for the technologists, but a lot of technology will go unbuilt and a lot of poor people will miss out on deworming pills because that money went to fund plane tickets.

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