Venture capitalists make philanthropy pledge Menlo Park, posted by Editor, The Almanac Online, on Apr 30, 2012 at 6:04 pm
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, 11:56 AM
Posted by Jim, a resident of the Menlo Park: Sharon Heights neighborhood, on Apr 30, 2012 at 6:04 pm
I am not one of those who will benefit directly from the philanthropic pledge that these folks have made, and I have absolutely no connection to any of the individuals mentioned in this article. Nonetheless, I am sincerely grateful for their lifetime pledge of generosity. There are so many displays of ostentatious wealth in our midst. I often wonder whether the holders of all that wealth grasp the power and the potential for mankind that lies within their reach. I have the utmost respect for those whose needs have been met, who then make it their business to concern themselves with the needs of others. Sincerely, thank you.