The Week (US)

Doing good, the Silicon Valley way

-

Having changed “the way we shop, search for informatio­n, connect with friends, and consume entertainm­ent,” Silicon Valley companies are now transformi­ng another sector: philanthro­py, said Alana Semuels in The Atlantic. Nonprofits in Northern California seeking support from “the millionair­es in their backyards” have learned to tailor their pitches to the Valley’s entreprene­urs. To bring in donors, nonprofits have begun “using the language and mindsets of business, and focusing on metrics, data, and effectiven­ess, rather than the language of altruism and ethics.” One philanthro­pic group had competing projects face off for donors in a Shark Tank–style event, raising $2.7 million in 45 minutes.

Newspapers in English

Newspapers from United States