Town Square

Post a New Topic

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.


If you were a member and logged in you could track comments from this story.

Post a comment

Posting an item on Town Square is simple and requires no registration. Just complete this form and hit "submit" and your topic will appear online. Please be respectful and truthful in your postings so Town Square will continue to be a thoughtful gathering place for sharing community information and opinion. All postings are subject to our TERMS OF USE, and may be deleted if deemed inappropriate by our staff.

We prefer that you use your real name, but you may use any "member" name you wish.

Name: *

Select your neighborhood or school community: * Not sure?

Comment: *

Verification code: *
Enter the verification code exactly as shown, using capital and lowercase letters, in the multi-colored box.

*Required Fields

Touring the Southern California “Ivies:” Pomona and Cal Tech
By John Raftrey and Lori McCormick | 5 comments | 2,971 views

Chai Brisket
By Laura Stec | 5 comments | 2,129 views

Couples: Parallel Play or Interactive Play?
By Chandrama Anderson | 0 comments | 1,289 views

Just say no
By Jessica T | 6 comments | 1,187 views

Questions for Council Candidates--Housing
By Steve Levy | 10 comments | 508 views