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Venture capitalists make lifetime philanthropy pledge

Original post made on Apr 30, 2012

The six partners of the Menlo Park venture capital firm Andreessen Horowitz will give a $1 million "group donation" to six local nonprofits, the firm announced. The gift is part of a longer-term pledge by the six to donate at least half their venture capital income to philanthropy during their lifetimes.

Read the full story here Web Link posted Monday, April 30, 2012, 10:21 AM

Comments (3)

Posted by gcoladon, a resident of North Whisman
on Apr 30, 2012 at 2:19 pm

gcoladon is a registered user.

Excellent! It is always great to see people supporting organizations whose missions they believe in. When the support comes with a huge check, that's even better. :)

Posted by Martin Omander, a resident of Rex Manor
on Apr 30, 2012 at 4:38 pm

Well done, VC guys! Seems like they picked a good collection of charities too.

Let this be an inspiration for all of us to give a little more. Most of us can't pony up $1M but even quite small donations can make a big difference for local charities.

Posted by Hardin, a resident of Cuesta Park
on Apr 30, 2012 at 10:29 pm

What's interesting is that local VC firms like Andreessen Horowitz serve as incubators for the next generation of innovation, by funding businesses in a competitive process.

We benefit not only from their success through charities, but through the innovation that is fostered and ultimately realized in new companies that thrive here in the valley, and bring jobs and tax dollars with them.

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