Public goods at Stripe

San Francisco, CA
Today we're launching Intercept: a $500M philanthropic initiative to make respiratory infections, like the common cold and flu, a thing of the past. We treat respiratory infections as a minor nuisance, but that’s really not the case. Most of us will spend 5% of our lives (!) sick from these viruses, they kill 1M people a year, cost $600B annually in productivity, and periodically threaten civilization through pandemics. So, if they’re such a big problem, why haven’t we dealt with them yet? Last year we convened ~40 leading scientists, pharma R&D leaders, biotech investors, and regulatory experts to better understand that. We heard two main reasons: (1) First, it’s just technically very challenging: respiratory viruses represent hundreds of distinct, mutating strains across several families. Fortunately, recent breakthroughs make this newly possible. (2) Second is a lack of funding: broad-spectrum solutions have historically been underfunded, in part because they’re not a great fit for most philanthropic or commercial funding (and while COVID generated a burst of activity around preventing and understanding respiratory infections through an influx of new funding, that hasn't been sustained). We think that with enough focus and funding, this might be solvable. Intercept is a $500 million philanthropic initiative that will take advantage of new tools to catalyze the development and deployment of two types of products: broad-spectrum preventatives and air cleaning technologies. This problem is undoubtedly difficult. But it’s more tractable now than it’s ever been. We think we should give it our best shot. We’re enormously grateful to our anchor funders: @stripe, @AnthropicAI, @TheFluLab, @FoundationOAI and individuals from Jane Street. And, I’m very excited to be building this with @incredutility and the rest of the team.
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Nan Ransohoff retweeted
We started cleaning our water and waterborne disease (e.g. cholera, typhoid) basically disappeared from the West. We can do the same thing for air.
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Nan Ransohoff retweeted
Very happy that since opting in to Stripe Climate, Works in Progress and our readers have now contributed $10k to carbon removal, supporting early-stage technologies across marine carbon removal, direct air capture, biomass capture, field weathering, and – my favourite – mineralization!
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Really neat idea and framing from @orbuch here.
I wrote an essay about why the next frontier for AI is the world outside the data center Nature is a system more complex than anything we've ever created AI can learn how the system fits together, so we can finally understand how to shape it How? naturalgeneralintelligence.a…
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Nan Ransohoff retweeted
On behalf of the Intercept team, I’m excited to share that we’re launching our first “Request for Candidates”! We’re looking for the best science (and teams!) in the world that could plausibly meet our target product concept. Our ultimate goal is to radically reduce the burden of respiratory viruses, and an easy-to-use, safe, and effective preventative is a critical part of that puzzle. This request for candidates will be open until at least December 31st, but proposals received by October 12 will be prioritized. interceptfund.com/apply/broa…
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I’m excited to share that Intercept just published a Request for Candidates for broad-spectrum preventatives. We’re looking for the best ideas that could meet our target product concept, the spirit of which is: safe, easy to administer, long-acting preventatives that will prevent ≥75% of symptomatic respiratory infections in as few doses as possible. We’ll prioritize proposals received by October 12 (though this call will be open until at least the end of the year). Please share with anyone who might be interested: interceptfund.com/apply/broa…
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Nan Ransohoff retweeted
Some thoughts: - As the situation around AI gets crazier over the next few years, an organization you start now could become the default institution that society delegates very important responsibilities to. METR is a good example - if the FINRA for AI thing happens, it’s likely they just tap a blade on each of METR’s shoulders and ordain it ‘the evaluator’. - It’s really important that the group which gets delegated any important problem is smart, competent, and technocratic, rather than whatever random clusterfuck the government would set up in the counterfactual without you. - But it takes time to build a new organization and develop credibility. METR/Redwood couldn’t have asked to do that Hugging Face investigation if they sprang up last month. You should do the initial conceptual MVP schlepping now, so that as smarter and smarter AIs arrive in 27 and 28, you can productively spend 100s of m of $ having them rapidly clear well-scoped problems. (I will hedge here and say a big concern I have about startomg a new org outside the labs is that the difference between the best internal and external models will increase closer to RSI. But we should try to prevent that kind of outcome anyways, where only 2 companies are in a position to understand and make important calls and contributions relevant to the development of ASI. In terms of epistemics, incentives, and governance, that’d be a terrible situation.) - If you want to start a new org to tackle AI risk, it’s not obvious that a for-profit is the right structure. For-profits are great, but make most sense when you are excited about the direct consequences of transactions clearing. If your theory of change is some side effect of doing business, you should just do that side shit directly. - Previously the reason to do a startup first was to make money to fund the pro-bono stuff. But you should take into account how much AI-risk-concerned money is gonna get dumped into the ecosystem as these IPOs happen, desperately searching for useful projects to fund. Wealth will be abundant - what will be rare are founders who can own these key problems.
Today we’re launching Project Tailwind, a call for founders to start ambitious new AI safety initiatives: coefficientgiving.org/tailwi… We’re looking for great people to engage seriously with the risks of transformative AI, and to create the research, technologies, and institutions that will help humanity navigate them. There are critical, basic problems that no one owns. Over the last several months, my team at @coeff_giving brainstormed ideas we’d be excited to fund if we could find a promising founder, and the list quickly grew to more than 200 entries. We’ve narrowed it down to our favorites, but we also expect the best founders to bring their own ideas: coefficientgiving.org/tailwi… We’re providing funding at three levels: 1️⃣ Pre-seed: $200k to $2m to develop an idea and build a team 2️⃣ Seed: $2m to $20m to launch and scale 3️⃣ Scale: $20m to $200m+ for proven teams to scale, or world-class teams to start If you’re excited about something on our list, or you have another proposal for driving the field forward, you should get involved: coefficientgiving.org/tailwi… There are more good projects than there are people to work on them. Please help us make that stop being true! Also hi, I’m Emily! This is my first tweet. I lead AI and biosecurity grantmaking at @coeff_giving.
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Coefficient Giving just issued a call for founders starting/scaling ambitious AI safety initiatives. Grants ranging from ~$200K-$200M. I especially love that they've published a list of specific initiatives they would like to see people working on. Please share with your most talented friends looking for a big, consequential problem to work on next. Screenshots of some of the initiatives they'd like to see below, more detail here: coefficientgiving.org/tailwi…. Awesome work @EmilyOehlsen @albrgr and team.
Today we’re launching Project Tailwind, a call for founders to start ambitious new AI safety initiatives: coefficientgiving.org/tailwi… We’re looking for great people to engage seriously with the risks of transformative AI, and to create the research, technologies, and institutions that will help humanity navigate them. There are critical, basic problems that no one owns. Over the last several months, my team at @coeff_giving brainstormed ideas we’d be excited to fund if we could find a promising founder, and the list quickly grew to more than 200 entries. We’ve narrowed it down to our favorites, but we also expect the best founders to bring their own ideas: coefficientgiving.org/tailwi… We’re providing funding at three levels: 1️⃣ Pre-seed: $200k to $2m to develop an idea and build a team 2️⃣ Seed: $2m to $20m to launch and scale 3️⃣ Scale: $20m to $200m+ for proven teams to scale, or world-class teams to start If you’re excited about something on our list, or you have another proposal for driving the field forward, you should get involved: coefficientgiving.org/tailwi… There are more good projects than there are people to work on them. Please help us make that stop being true! Also hi, I’m Emily! This is my first tweet. I lead AI and biosecurity grantmaking at @coeff_giving.
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Nan Ransohoff retweeted
Ahead of the coming "third wave of philanthropy," we want to give hundreds of millions of dollars to "general managers" to lead targeted funds tackling big problems in global health and wellbeing (h/t @nanransohoff for the frame). Apply by October 2: coefficientgiving.org/funds/…
News! @coeff_giving is significantly accelerating our global health and wellbeing giving in 2026-27! Increasing our @GiveWell support to $1B was the first step. Today we're taking another: Launchpad Funds, an RFP to seed new funds to take on big, underfunded problems in GHW. 🧵
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Nan Ransohoff retweeted
News! @coeff_giving is significantly accelerating our global health and wellbeing giving in 2026-27! Increasing our @GiveWell support to $1B was the first step. Today we're taking another: Launchpad Funds, an RFP to seed new funds to take on big, underfunded problems in GHW. 🧵
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Nan Ransohoff retweeted
We're hiring. Think: Sr partner at a venture incubator, but the outputs are Focused Research Organizations Form the thesis, find the founders, build the boards, launch the org AI resilience: bioresilience, cyber-physical systems, epistemic infrastructure, compute governance
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Nan Ransohoff retweeted
We are building a team to help define the future of the OpenAI Foundation. This is our first major hiring round, and what we are able to accomplish as an institution will be shaped by who joins now. openaifoundation.org/careers Thread on roles and areas:
The OpenAI Foundation is hiring people to help turn AI’s capabilities into benefits people can feel. Doing that takes more than advances in AI itself. It takes new scientific infrastructure, stronger institutions, and organizations that can turn new capabilities into real-world impact. We’re hiring talented and passionate people to help us advance our mission: openaifoundation.org/news/co…
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We're looking for an entrepreneurial netizen to lead communications for our Public Goods work (today, that's Frontier and Intercept). This is a (IMO hugely exciting) full-stack comms role, encompassing everything from strategy and narrative shaping, to tactics and execution. This person will be instrumental in our efforts to remove CO2 in the atmosphere, end respiratory infections, and whatever else comes next. Please send the most outstanding folks you know our way! stripe.com/careers/listing/c…
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Had so much fun talking with @jacksondahl about philanthropy, public goods, and some squishier life topics towards the end.
Dialectic 51: Nan Ransohoff! @nanransohoff thinks more of the world's most impressive people should work in philanthropy. And that they needn't sacrifice ambition or upside to do so. Nan leads public goods at @stripe. That includes Frontier (carbon removal) and Intercept (respiratory illness). She's also written about how we need more "general managers" (read: more 'Nan's) and how philanthropy is about to undergo explosive growth thanks to AI money. I talked to Nan about: - GMs and identifying orphaned problems to own end-to-end - coordinating the market to spend billions to suck carbon from the sky and end the common cold - how vision is in short supply - what philanthropy can learn from startups and VCs - the third wave of American philanthropy (driven by billions in OAI/Anthropic philanthropic dollars that will need to be spent) - how many things we may want (good, beauty, meaning) may be harder to quantify and thus require a different philanthropic approach - getting off the "gold star" established path and choosing a life and ambition of her own making Timestamps: 0:00 - Opening Highlights 1:15 - Intro to Nan 4:53 - Start: What is a Nan? Nerd-Sniped by Orphaned Problems 12:39 - GMs, Seeing the Chessboard, and Working Backwards from Outcomes 18:55 - Good Taste in Problems, Vision, and Good Finish Lines 35:43 - Advance Market Commitments Tactically Solving Carbon Removal 41:35 - Focus and Sketching Out or Slicing Up Messy Problems 49:39 - Legibility, Public Rallying, and Ambition in Philanthropy 54:38 - Third Wave Philanthropy and Hard to Quantify Problems 1:06:50 - Risk Tolerance in Philanthropy and Scarcity of Funders and Allocators 1:15:22 - The $40B Tidal Wave of New AI-Money and Why Start Now 1:19:53 - Amount of Capital, Government Philanthropy, and Making Philanthropic Founders Rich 1:31:44 - Nan's Mid-Career Inflection Point and Getting Off the Obvious Path 1:39:47 - Grab-bag: Why Stripe Funds Public Goods, Making Things with Friends, Creative Partnership, Iceland Drone, and Scone Heads 1:49:39 - Syllabi for the Squishy Topics & Study vs. Experience 1:57:01 - Inputs & Outputs and GLPs for Attention 2:04:38 - Closing: Interviewing Parents and Imagining an Obituary @DialecticPod 51: Nan Ransohoff - Power Laws for Philanthropy - is out now below and on all platforms.
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Midway through the year and happy to report that the Frontier portfolio has removed 30,600 tons – already more than all of last year. These early deliveries require grit and hustle. Companies face delays for many reasons: securing site access, getting the right permits (often in new regulatory territory), sourcing feedstocks, navigating new and dynamic protocols to ensure registration is possible, and more. And yet, deliveries to Frontier buyers have doubled every year since 2024. We expect total deliveries this year to exceed 50,000 tons. Deliveries this half came from 11 companies: Alt Carbon, CarbonRun, Charm Industrial, CREW Carbon, Graphyte, InPlanet, Lithos Carbon, NULIFE GreenTech, Planetary, Terradot, and Vaulted Deep. You can always track progress on our dashboard: frontierclimate.com/progress
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Nan Ransohoff retweeted
I’m proud OpenAI Foundation is backing Intercept because it focuses on many pathogen-agnostic countermeasures: defenses that can work across many respiratory threats, not just the one we saw last. Broad-spectrum preventatives, clean air, and far-UVC are core to bio-resilience.
The OpenAI Foundation is joining Intercept as a founding partner through our AI resilience program. As AI accelerates advances in biology and medicine, we also need to prepare for the risks of misuse, including the potential for engineered outbreaks. Intercept Health Fund is working to end respiratory pandemics through a pathogen-agnostic approach, investing in broad-spectrum preventatives and non-pharmaceutical interventions that can protect against a wide range of threats and strengthen a new layer of resilience for humanity. blog.interceptfund.com/p/end…
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Nan Ransohoff retweeted
"The Art of Solving Problems Nobody Claimed", an enjoyably inspiring interview with @nanransohoff — she leads Stripe's carbon removal (more of!) and respiratory virus (less of!) efforts. piped.video/watch?v=ZNN7n3EO…
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Nan Ransohoff retweeted
OpenAI, Anthropic, Stripe and Bill Gates are putting $500 million in funding into a new organization called Intercept. Intercept's goal is to prevent the common cold and the flu, and eventually eliminate all respiratory viruses completely.
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Nan Ransohoff retweeted
I (and a bunch of my colleagues) donated to this. I think it is a really excellent initiative. TLDR: - Equity investments in broad spectrum preventatives that are ready to get to phase 2 within 4 years - Grants for basic research that isn't yet ready for commercial viability - Prove out air cleaning tech (like far-uvc), and make it extremely obvious whether it should be adopted in schools, workplaces etc.
Today we're launching Intercept: a $500M philanthropic initiative to make respiratory infections, like the common cold and flu, a thing of the past. We treat respiratory infections as a minor nuisance, but that’s really not the case. Most of us will spend 5% of our lives (!) sick from these viruses, they kill 1M people a year, cost $600B annually in productivity, and periodically threaten civilization through pandemics. So, if they’re such a big problem, why haven’t we dealt with them yet? Last year we convened ~40 leading scientists, pharma R&D leaders, biotech investors, and regulatory experts to better understand that. We heard two main reasons: (1) First, it’s just technically very challenging: respiratory viruses represent hundreds of distinct, mutating strains across several families. Fortunately, recent breakthroughs make this newly possible. (2) Second is a lack of funding: broad-spectrum solutions have historically been underfunded, in part because they’re not a great fit for most philanthropic or commercial funding (and while COVID generated a burst of activity around preventing and understanding respiratory infections through an influx of new funding, that hasn't been sustained). We think that with enough focus and funding, this might be solvable. Intercept is a $500 million philanthropic initiative that will take advantage of new tools to catalyze the development and deployment of two types of products: broad-spectrum preventatives and air cleaning technologies. This problem is undoubtedly difficult. But it’s more tractable now than it’s ever been. We think we should give it our best shot. We’re enormously grateful to our anchor funders: @stripe, @AnthropicAI, @TheFluLab, @FoundationOAI and individuals from Jane Street. And, I’m very excited to be building this with @incredutility and the rest of the team.
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