Reasonable answer, but this part:
> Why not build something super minimal that requires less management and operating costs? That doesn't have the market risk at the center of it all? That doesn't have more points for fraud and abuse?
could still be usefully addressed.
The best long-term protection from fraud and abuse are aligned incentives through skin in the game. That’s why we legally require all people in governance to be Members ($1000+/year donation). This is an important topic, and here you can find more context on this: https://kvinogradov.com/osendowment/
“super minimal that requires less management and operating costs” - that’s exactly our current setup, and always will be the target!
Now OSE has no paid employees - the team is 100% volunteers. Its Board Directors and the Executive Director are required to personally donate $1000+/year. Operating costs are close to zero.
As organization evolves there might be higher operating costs, but our commitment to keep them as low as possible.