Venture Capital Journal（二）.docVIP

Venture Capital Journal November 2007 Philanthropy 2.0: Leveraging the venture capital model By Sean Foote, Labrador Ventures This incredibly long presidential election cycle will eventually end with one presidents farewell address and anothers Oath of Office. This brings to mind the famous farewell address of Dwight Eisenhower, where he warned of the military-industrial complex, saying we must never let the weight of this combination endanger our liberties or democracy. Eisenhower never anticipated the latest industrial complex-the venture capital-entrepreneurial complex. But this complex is different. Rather than threatening the world, the venture capital-entrepreneurial complex is creating business models to save the world. Welcome to Philanthropy 2.0. In the world of Philanthropy 2.0, its not just about giving back. Its about maximizing that impact in whatever innovative way possible. Take advantage of Silicon Valleys social networks and business acumen. Reinvent business models. One challenge of philanthropy is reaching scale. Traditional philanthropic models start small and work hard to become large, just like traditional companies like Ford or GM in the 1920s. But todays startups sidestep one part of that by outsourcing their work, leveraging the skill sets and assets of other companies to achieve their objectives. Entrepreneurs Foundation (EF) is an example of utilizing leverage for maximizing impact. EFs goal is simple-to increase individual and corporate commitment to community involvement. The innovation? Leverage hundreds of companies and thousands of their employees to impact communities. The community cause celebre? Whatever the company wants it to be. EF, started nine years ago by Gib Myers of Mayfield Fund, works with companies of all sizes (particularly emerging companies) to design, create and manage corporate foundations and community programs. Recognizing cash is not readily available at these young companies, EF uses another currency to hel