Status affiliation, feeling even better about donating, creating an “event” which can be linked to and discussed, providing encouragement to others, and likely other reasons I’m not thinking of right now.
I’m betting Peter Thiel also used it to judge popular support for the idea when he ran a $400,000 challenge in 2007. IIRC, they didn’t even make it halfway by the deadline, which likely reduced his subsequent donations.
Status affiliation, feeling even better about donating, creating an “event” which can be linked to and discussed, providing encouragement to others, and likely other reasons I’m not thinking of right now.
I’m betting Peter Thiel also used it to judge popular support for the idea when he ran a $400,000 challenge in 2007. IIRC, they didn’t even make it halfway by the deadline, which likely reduced his subsequent donations.
They made more like $270K IIRC,