Millennial founders are becoming more involved with tech philanthropy.
Usually startup founders will commit to giving after an exit, but new efforts are underway to start earlier.
Initiatives like Epic Foundation, Founders Pledge, and 1% Pledge are bringing millennial founders to the table.
Tech billionaires have long been into philanthropy.
Microsoft s Bill Gates, Salesforce s Marc Benioff, and Jeff Bezos, billionaires with seemingly limitless wealth, all back a variety of personal or external philanthropic efforts.
Now new groups targeted at charitable techies are competing for the attentions of the wealthy or soon to be wealthy.
In recent years, the Founders Pledge, the Giving Pledge, the Pledge 1%, and Epic Foundation have emerged as key avenues for socially conscious entrepreneurs to give back.
Hedge fund manager Robert Citrone (Getty)
As an emerging markets specialist, hedge funder Robert Citrone is used to eyeing distant shores for his next investment.
His bet on Compass and by extension the U.S. housing market hits a lot closer to home.
Citrone’s Discovery Capital Management is Compass’ second-largest shareholder, with a 9.2 percent stake, according to Compass’ S-1, filed this week ahead of its impending public offering.
Discovery’s investment was not previously reported, and the size of its stake is second only to SoftBank’s, which owns nearly 35 percent of the brokerage. The next biggest shareholders are co-founder Ori Allon, CEO Robert Reffkin and CTO Joseph Sirosh.
Satya Nadella’s Microsoft has been a kinder, gentler company than it was in the past, and that might have to do with the CEO’s more accommodating approach.
In simpler times, environmentalists and Big Business were on opposite poles. While Greens blamed capitalism for destroying the planet, industry leaders credited the free market system with providing jobs and prosperity. It seems those days are gone.
San Francisco s dream of the future is eternal - but it s time to move on
The author of Tech Chronicle signs off.
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Farewell, and thanks for all the fish treats
I wasn’t generally given to vandalism as a child growing up in the Virginia suburbs of Washington, but when I was 7 or so, I took a marker and defaced our game of “Monopoly.” The instructions on one square said “Go to jail.” I crossed that out and wrote “Go to San Francisco.”
I never stopped dreaming that it was possible to roll the dice and transport yourself to a place where you could rewrite the rules. After college, I followed my own direction and moved to California. It was 1995, when San Francisco and the internet were having their first collision.