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The founder of Craigslist has given away half a billion dollars

independent.co.uk

191–200 of 341 posts

Re: The founder of Craigslist has given away half a billion dollars

#191

Earlier quoted context omitted.

I once wanted to build an alternative to Craig’s list. There were SO MANY things I had ideas to improve. Then I realized I had literally no idea how Craig’s list makes money. None. They did not charge for ads and they didn’t have advertising. ¯\_(ツ)_/¯

IIRC, he said the bulk of revenue comes from job listings.

You misspelled "ads for prostitution." Which they eventually stopped doing, only after considerable public pressure and state AGs threatening criminal prosecution.

https://www.pbs.org/newshour/show/craigslist-drops-adult-ser...

Everyone need stop making out Craig and James out to be super moralistic dudes. They both profited, enormously, off sexual exploitation and human trafficking around the world by (knowingly) serving as a directory for pimps.

Re: The founder of Craigslist has given away half a billion dollars

#192
post #143

Earlier quoted context omitted.

This is a common refrain of many people, but I believe it is rooted in a fundamental misunderstanding of philanthropy and charities in general. They don't really exist to "fix" problems, they are mostly a band-aid over the structural issues that lead to social problems. The long-term solutions to most of these problems involve policy changes rather than "spot fixes" Like, funding a homeless shelter or the Trevor Proj…

> They don't really exist to "fix" problems, they are mostly a band-aid over the structural issues that lead to social problems. The long-term solutions to most of these problems involve policy changes rather than "spot fixes" Non-profits are 12% of GDP, over $3.5 trillion. Excluding hospitals, universities, and churches, leaves over $2 trillion in non-profit expenditures. Of that, about $300 billion comes from the g…

> That is more than enough money to solve structural issues.

But that's the thing, the money is not helpful when it comes to policy issues. As the Gates Foundation MO and your dad's experience probably shows, lasting change comes down to political will. I can only surmise that the reason more US non-profits don't achieve lasting change is because they are not able to or they are not trying to.

This is not to say they are deliberately being ineffective, e.g. consider that inner city infant mortality rates have socioeconomic and racial factors, so solving that would require "solving" poverty and racism. Offhand, I really can't see how non-profits would be able to address these with even billions of dollars.

Of note, a sibling comment mentions the book "Winner Takes All" and links its wikipedia page which has this quote:

> The Aspen Consensus, in a nutshell, is this: the winners of our age must be challenged to do more good. But never, ever tell them to do less harm. The Aspen Consensus holds that capitalism's rough edges must be sanded and its surplus fruit shared, but the underlying system must never be questioned. The Aspen Consensus says, "Give back," which is of course a compassionate and noble thing. But, amid the $20 million second homes and $4,000 parkas of Aspen, it is gauche to observe that giving back is also a Band-Aid that winners stick onto the system that has privileged them, in the conscious or subconscious hope that it will forestall major surgery to that system – surgery that might threaten their privileges. The Aspen Consensus, I believe, tries to market the idea of generosity as a substitute for the idea of justice."

Not saying I agree entirely, but that is the kind of thing that could lead to billions in spending without achieving lasting structural changes.

Re: The founder of Craigslist has given away half a billion dollars

#193

Earlier quoted context omitted.

Looks cozy and nice. Pretty humble/modest for a guy like that.

6 million house is not "modest", cmon.

Have you checked real estate prices in Manhattan? Today for these prices you can likely buy an appartment.

Its just area itself is expensive. Not like owns mansion with a zoo and 100 servants.

Re: The founder of Craigslist has given away half a billion dollars

#194
post #16

We are almost two decades into the age of billionaire philanthropy and what’s results has it produced? Can you point to any area where it’s really changed the world? I think a fundamental problem is that the non-profit/NGO sector doesn’t have the same caliber of people as the private sector. There’s no Jeff Bezos equivalent working on inner city education. Bill Gates is really the only one who has tackled this, by in…

>We are almost two decades into the age of billionaire philanthropy

10 decades, Rockefeller was the first billionaire 100 yrs ago, and also a philanthropist.

Re: The founder of Craigslist has given away half a billion dollars

#196

Earlier quoted context omitted.

That's a very naive, but common, viewpoint of wealth. "Worth" 1.3 billion does not mean "has 1.3 billion lying around in liquid cash". Net worth is tied up usually in many bank accounts across multiple banks, securities, real estate, trusts, etc. And that's all excluding capital tied up in corporations/orgs. Freeing up and giving away half of a billion dollar net worth is a difficult and time consuming thing, one whi…

Well when you say it like that, he’s basically just one of us!

No, he's not. Unless, of course, you've founded a company of comparable size.

Re: The founder of Craigslist has given away half a billion dollars

#197
post #147

Sadly, I think Craig might have done MORE for society by simply improving Craig's List and removing/reducing the amount of spam and junk posts it allows. I can't claim the changes would be easy to implement, but if they made a FEW small changes the result would be 1000x better. For example if you want to sell something on Craig's List they do some "you can't make this post because it looks too similar to a previous p…

If you're going to talk about societal impact then you need to also look at how much they enabled sexual exploitation and human trafficking, worldwide, by serving as an ad site for pimps.

Craig and James knew damn well where most of their revenue was coming from, and pimps were able to get increasingly bold with their slang, moving from "model" to "escort" to just outright saying "prostitute" because Craigslist didn't care.

They only did something about it in 2010 when public outrage grew and prosecutors - around the world - started investigating.

Craig and James belong in jail cells, not having their di...er, egos, stroked for giving away their money to organizations that help veterans - the most lazy, non-controversial target for a non-profit.

Re: The founder of Craigslist has given away half a billion dollars

#198

Earlier quoted context omitted.

IIRC, he said the bulk of revenue comes from job listings.

You misspelled "ads for prostitution." Which they eventually stopped doing, only after considerable public pressure and state AGs threatening criminal prosecution. https://www.pbs.org/newshour/show/craigslist-drops-adult-ser... Everyone need stop making out Craig and James out to be super moralistic dudes. They both profited, enormously, off sexual exploitation and human trafficking around the world by (knowingly) se…

Its not a private business fault that US did not create a legal framework protecting sex workers and instead continue facilitate exploitation and traffiking by keeping it illegal.

US have legal porn industry and its strictly regulated and mostly safe for those wofking in it. Imagine how it would look like if it was illegal too.

Re: The founder of Craigslist has given away half a billion dollars

#199

Earlier quoted context omitted.

it was an intentional choice to not go big. I can seriously respect that. I feel like all these "big tech leaders" like Zuck or Musk have some pretty blatant mental health issues, its a path with significant drawbacks because that level of absurd wealth causes issues.

As if casually having the ability to give away half a billion dollars is not absurd wealth?

[deleted]

Re: The founder of Craigslist has given away half a billion dollars

#200
post #130

Earlier quoted context omitted.

Just the Wall or including the defense-in-depth?

If you mean watchtowers with armed guards, then no those don't exist anymore.

I meant what I wrote about the defense in depth. But no, the guards wouldn't be necessary.
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