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Viliam comments on Taking Effective Altruism Seriously - Less Wrong Discussion
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Would it be a more or less convenient world, if helping humanity involved giving money to rich and smart people living in the Bay Area? (Which is what your solution seems to suggest.)
My intuition is that if you want to see more good stuff happen, then maybe we should be giving some resources to the kinds of people who have made good stuff happen historically, and make sure we are getting a return on investment. I do not think all these people are located in the Bay Area, and my previous post does suggest trying to find poor people who are likely to be highly productive.