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Town Square

Venture capitalists make 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, 11:56 AM

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Posted by Jim
a resident of Menlo Park: Sharon Heights
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.


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Posted by Bravo
a resident of another community
on May 2, 2012 at 1:35 pm

I think it is wonderful of these Republican philanthropists to show such thoughtful caring without showing any favoritism and making this a political platform.
I think.