Introducing Deadweight Loss as a Service
I’m excited to announce our fintech startup Deadweight Loss as a Service is popping out of stealth after receiving $8M in seed funding from Emergent Ventures and Thiel Capital. Our platform makes charitable giving extra environment friendly utilizing the most recent AI and blockchain expertise. Our platform has two main improvements:
- OmniMatch™️ will match any funding by way of our platform as much as fifty cents on the greenback.
- Antidollars™️ take away $1 of funding from a company of your selecting.
Pissed off that the one avenues for disagreement with a company’s choices or worldview are ineffective and inefficient protests, petitions, boycotts, and social media campaigns? Bored with cardboard protest indicators losing invaluable financial sources, then being decreased to litter on the street? The Antidollar™️ is for you. Patent-pending and solely accessible by way of Deadweight Loss as a Service, every Antidollar™️ donation both annihilates a greenback donated to your goal or donates a greenback to its antithesis.
Right here’s the way it works: We’ve recognized a whole lot of pairs of organizations which straight oppose one another (e.g. Clear Air Activity Drive / American Coalition for Clear Coal Electrical energy, Digital Frontier Basis / Heat Initiative). For every pair, we’ve created a sensible contract offering a “market” for this pair. Every market has a steadiness which begins at $0 and may develop into both damaging or optimistic. Every January 1st at 00:00, absolutely the worth of the steadiness is donated to one of many organizations. If the steadiness is damaging, it’s donated to the primary within the pair; if optimistic, it’s donated to the second.
On our platform, you may ship cash (plus an OmniMatch™️ subsidy) to a supported group of your selecting. Behind the scenes, this works by growing or reducing the related market’s steadiness. If $1 is shipped to the primary group, the steadiness decreases by a greenback; if the second, the steadiness will increase by a greenback. The Antidollar™️ does the precise reverse: sending an Antidollar™️ to the primary group will increase the steadiness by a greenback, and sending an Antidollar™️ to the second decreases the steadiness by a greenback. If the steadiness at the moment favors the group despatched an Antidollar™️, the Antidollar™️ will merely subtract $1 from the quantity donated; if not, the Antidollar™️ is shipped to the opposing group, which, for well-chosen markets, ought to have an identical impact. Sending {dollars} or Antidollars™️ on our platform is totally free.
If Antidollars™️ aren’t motivation sufficient to make use of our platform, OmniMatch™️ will likely be. $0.20 per Antidollar™️ bought is directed in the direction of an OmniMatch™️ pool. This pool is used to match a fraction of every greenback or Antidollar™️ directed in the direction of a company on our platform. Our proprietary OmniMatch™️ algorithm determines this fraction utilizing elements similar to market exercise. We assure these OmniMatch™️ subsidies won’t ever go under 10 cents per greenback. Funding organizations by way of our platform is a no brainer: your donation will likely be value 10%-50% extra for free of charge.
Because of OmniMatch™️, in our closed beta lasting only some months, a number of of our markets have already seen greater than $10,000 in quantity:
- Cato Institute / Democratic Socialists of America (present steadiness -$12)
- Brady Marketing campaign / Nationwide Rifle Affiliation (present steadiness +$536)
- Deliberate Parenthood Federation of America / Nationwide Proper to Life Committee (present steadiness -$4165)
- United States Treasury / Democratic Folks’s Republic of Korea Central Planning Committee (present steadiness -$3484)
- Folks for the Moral Remedy of Animals / Nationwide Cattlemen’s Beef Affiliation (present steadiness $6645)
- Biden for President / Donald J Trump for President (present steadiness -$8392)
Bored with political quarrels on the Thanksgiving desk? Purchase anti-gift playing cards for the entire household! Can’t make it to a (counter-)protest? Whether or not you’d have been at Deliberate Parenthood or on Wall Road, Deadweight Loss as a Service has bought you lined. …. This startup … is … good.
— WIRED Magazine, “Neglect Political Activism. ‘Deactivism’ Is Sweeping Silicon Valley”
[The] Hatch-Waxman [Act] was our wakeup name at Eli Lilly to begin making connections contained in the Beltway. They’ve been value each penny, however had been beginning to impression our picture. We partnered with Deadweight Loss as a Service to redirect our lobbying spend in the direction of [Patients For Affordable Drugs Now] Antidollars™. It’s far more environment friendly, and our ESG scores have by no means been higher.— David A. Ricks, CEO of Eli Lilly and Firm
Keep tuned for a future replace to the platform, Professional Mode™. For energy customers, Professional Mode™ additional will increase liquidity on our markets utilizing superior AI expertise. We embed the mission statements of hundreds of humanitarian assist teams, spiritual organizations, PACs, and extra right into a high-dimensional “cause-space” which precisely represents divergence in targets between any two supported organizations. The Professional Mode™ good contract unifies Antidollar™ markets, changing many distinct costs with a single Praxis Vector™ inside cause-space. On the finish of the yr, the Professional Mode™ contract allocates its funds proportionally to every charity’s cause-space distance from the ultimate Praxis Vector™.
In Professional Mode™ with patent-pending Praxis Vector™ expertise, each greenback pushes the market’s Praxis Vector™ in the direction of your individual PPV (Private Praxis Vector™), set manually or inferred with state-of-the-art LLMs. With Professional Mode™, you may be assured your funds improve the cosine similarity of your and the market’s Praxis Vectors™ as effectively as attainable, with out losing an Anticent™️ on causes actually and figuratively orthogonal to your beliefs. And better of all, Professional Mode™ comes at no extra price.
Our “PvP mode” experiment was extraordinarily profitable in closed alpha. We’ll go GA as quickly as a lawyer stays lengthy sufficient to log off on it.
In the long run, you may anticipate much more from us. A sure seed investor has inspired us to broaden into the vote swapping market with the assistance of Dr. Bryan Caplan. In the meantime, Dr. Robin Hanson has been instrumental within the design of the Jury Nullification Market Beta—early adopters can be a part of the waitlist beginning right now!
We don’t anticipate to go public any time quickly, however what’s a number of unregistered securities between associates: spend money on Deadweight Loss as a Service by sending Antidollars™ to our enemies.