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A comment on Pearsons, Who Pledged $100M to UChicago, Want Their Money Back.

Re:Pearsons, Who Pledged $100M to UChicago, Want Their Money... by mortenjorck on Monday March 05, 2018 @08:48PM (#16526266)
This reads to me a little like an investor lawsuit transposed into the world of academia. In this case the Pearsons have the role of a philanthropic VC fund, and the Pearson Institute was a startup whose product would be groundbreaking research. And now the Pearsons have filed suit alleging that UChicago misled investors.
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Re:Pearsons, Who Pledged $100M to UChicago, Want Their Money... by caminante on Tuesday March 06, 2018 @02:17AM (#16527407)
>This reads to me a little like an investor lawsuit transposed [...] the Pearsons have the role of a philanthropic VC fund

In case you weren't aware, "Venture Philanthropy" is a real, concrete term used since the 1960's and apropos![0] "Philanthropic VC [Fund]" is an oxymoron, though, I'm sure it's been used jokingly.

[0] https://www.investopedia.com/terms/v/venture-philanthropy.as...

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Re:Pearsons, Who Pledged $100M to UChicago, Want Their Money... by fnordsensei on Tuesday March 06, 2018 @06:26AM (#16528163)
If the money comes with conditions, the recipient should comply or say "no thanks". There's no reason why this shouldn't apply to a philanthropic context.
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