Maryanna Saenko joins the podcast to discuss how venture capital works, how to fund innovation, and what the fields of investing and philanthropy could learn from each other. You can read more about Maryanna's work at https://future.ventures Timestamps: 00:00 How does venture capital work? 09:01 Failure and success for startups 13:22 Is overconfidence necessary? 19:20 Repeat entrepreneurs 24:38 Long-term investing 30:36 Feedback loops from investments 35:05 Timing investments 38:35 The hardware-software dichotomy 42:19 Innovation prizes 45:43 VC lessons for philanthropy 51:03 Creating new markets 54:01 Investing versus philanthropy 56:14 Technology preying on human frailty 1:00:55 Are good ideas getting harder to find? 1:06:17 Artificial intelligence 1:12:41 Funding ethics research 1:14:25 Is philosophy useful? Social Media Links: ➡️ WEBSITE: https://futureoflife.org ➡️ TWITTER: https://twitter.com/FLIxrisk ➡️ INSTAGRAM: https://www.instagram.com/futureoflifeinstitute/ ➡️ META: https://www.facebook.com/futureoflifeinstitute ➡️ LINKEDIN: https://www.linkedin.com/company/future-of-life-institute/