Andreessen Horowitz to give half their earnings to charity

#1

Post by jsm386 » Wed, Apr 25, 2012, 8:57 PM UTC

Andreessen Horowitz to give half their earnings to charity
finance.fortune.cnn.com

Re: Andreessen Horowitz to give half their earnings to charity

#2

Post by igorsyl » Wed, Apr 25, 2012, 9:13 PM UTC

Should there be a charity helping struggling entrepreneurs?

Re: Andreessen Horowitz to give half their earnings to charity

#3

Post by scottilee » Wed, Apr 25, 2012, 9:17 PM UTC

igorsyl wrote: post #2

Should there be a charity helping struggling entrepreneurs?

I hope this is a joke.

Re: Andreessen Horowitz to give half their earnings to charity

#4

Post by scottilee » Wed, Apr 25, 2012, 9:19 PM UTC

This is great news. Another idea would be to put aside funds for philanthropic startups.

Re: Andreessen Horowitz to give half their earnings to charity

#5

Post by sethbannon » Wed, Apr 25, 2012, 9:31 PM UTC

A stellar example of living your values. I hope this swings more deals their way (it would certainly affect our choice of VC) and creates pressure for the entire industry to adopt similar pledges.

Re: Andreessen Horowitz to give half their earnings to charity

#6

Post by [deleted] » Wed, Apr 25, 2012, 9:34 PM UTC

scottilee wrote: post #3

igorsyl wrote: post #2

Should there be a charity helping struggling entrepreneurs?

I hope this is a joke.

[deleted]

Re: Andreessen Horowitz to give half their earnings to charity

#7

Post by baddox » Wed, Apr 25, 2012, 9:34 PM UTC

igorsyl wrote: post #2

Should there be a charity helping struggling entrepreneurs?

That's the other half.

Re: Andreessen Horowitz to give half their earnings to charity

#8

Post by jgmmo » Wed, Apr 25, 2012, 9:37 PM UTC

Bah! Entrepreneurs should reinvest their profits into more businesses. Profits are the reward you get for serving society effectively. Society would probably be better served if Bill Gates, etc. reinvested their cash instead of donating to charities. If charities actually cost-effectively served society than they would be a business instead!

Re: Andreessen Horowitz to give half their earnings to charity

#9

Post by [deleted] » Wed, Apr 25, 2012, 9:41 PM UTC

[deleted]

Re: Andreessen Horowitz to give half their earnings to charity

#10

Post by jcampbell1 » Wed, Apr 25, 2012, 9:41 PM UTC

I am frankly a bit saddened by this. These guys are some of the best in the world at deploying capital. Humanity would be better served if they continued to invest their own money. Now these guys half-work for some charity, and when the charity doesn't deliver great results, they will feel like they are half-working for little results.

It is a mistake for the best capital allocators to pledge future earnings. They should pledge their future wealth, not earnings. This way, the harder they work and the more earnings they successfully redeploy, the greater the contribution to charity.