Founders Pledge
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Founders Pledge
Founders Pledge is a London-based charitable initiative, where entrepreneurs commit to donate a portion of their personal proceeds to charity when they sell their business. Inspired by effective altruism, the mission of Founders Pledge is to "empower entrepreneurs to do immense good". By May 2023, 1,776 entrepreneurs across 30 countries have signed up to Founders Pledge. Collectively, they have pledged to donate $9.3 billion in share value (of which $891 million in donations have been completed to date). History Founders Pledge was initially launched in 2015 by the Founders Forum for Good, which focuses on helping social entrepreneurs build and scale businesses. David Goldberg, co-founder and CEO of Founders Pledge, has stated that the ideas of effective altruism, and the work of 80,000 Hours in particular, have influenced the trajectory of the organization. Founders Pledge was named one of the New Radicals 2016, which are "innovative projects chosen by The Observer and Nesta a ...
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London
London is the capital and largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a major settlement for two millennia. The City of London, its ancient core and financial centre, was founded by the Romans as '' Londinium'' and retains its medieval boundaries.See also: Independent city § National capitals The City of Westminster, to the west of the City of London, has for centuries hosted the national government and parliament. Since the 19th century, the name "London" has also referred to the metropolis around this core, historically split between the counties of Middlesex, Essex, Surrey, Kent, and Hertfordshire, which largely comprises Greater London, governed by the Greater London Authority.The Greater London Authority consists of the Mayor of London and the London Assembly. The London Mayor is distinguished fr ...
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Mustafa Suleyman
Mustafa Suleyman (born August 1984) is the co-founder and former head of applied AI at DeepMind, an artificial intelligence company acquired by Google and now owned by Alphabet. His current venture is Inflection AI. Early life Suleyman's father is a Syrian-born taxi driver and his mother is an English nurse. He grew up off Caledonian Road in the London Borough of Islington, where he lived with his parents and his two younger brothers. Suleyman went to Thornhill Primary School (a state school in Islington) followed by Queen Elizabeth's School, a boys' grammar school in Barnet. Around that time, he met his DeepMind co-founder, Demis Hassabis, through his best friend, Demis's younger brother. Suleyman said that he and Hassabis would discuss ways to make the world a better place: "Demis and I had conversations about how to impact the world, and he'd argue that we need to build these grand simulations that one day will model all the complex dynamics of our financial systems and ...
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Altruism
Altruism is the principle and moral practice of concern for the welfare and/or happiness of other human beings or animals, resulting in a quality of life both material and spiritual. It is a traditional virtue in many cultures and a core aspect of various religious and secular worldviews. However, the object(s) of concern vary among cultures and religions. In an extreme case, altruism may become a synonym of selflessness, which is the opposite of selfishness. The word "altruism" was popularized (and possibly coined) by the French philosopher Auguste Comte in French, as ''altruisme'', for an antonym of egoism. He derived it from the Italian ''altrui'', which in turn was derived from Latin ''alteri'', meaning " other people" or "somebody else". Altruism in biological observations in field populations of the day organisms is an individual performing an action which is at a cost to themselves (e.g., pleasure and quality of life, time, probability of survival or reproduction), ...
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Raising For Effective Giving
Raising for Effective Giving (REG) is a charity fundraising nonprofit. Its members consist mostly of professional poker players and financial investors who pledge to donate a percentage of their income to selected charities. Philosophy REG was founded based on the view that in order to reduce suffering in the developing world, people in the developed world should donate to particularly effective charity organizations. REG donates to, and recommends, selected charities based on their cost-effectiveness. One criterion in the cost-effectiveness evaluations is how much money the charity requires to save a life. REG's outreach focuses on professional poker players, because it believes that they have strong quantitative skills, making them better suited for REG's messages about cost-effectiveness. In addition, poker is a large industry with substantial monetary prizes. Activities There are 87 members of REG, who have each pledged to donate at least 2% of their income. Recipients ...
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Giving What We Can
Giving What We Can (GWWC) is an effective altruism-associated organisation whose members pledge to give at least 10% of their income to effective charities. It was founded at Oxford University in 2009 by the philosopher Toby Ord, physician-in-training Bernadette Young (Ord's wife), and fellow philosopher William MacAskill. History Giving What We Can was founded as a giving society in 2009 by Toby Ord, an ethics researcher at Oxford, his wife Bernadette Young, a physician in training at the time, and fellow ethicist William MacAskill with the goal of encouraging people to give 10% of their income on a regular basis to alleviate world poverty. This is similar to zakat in Islam and '' Ma'aser kesafim'' (giving 10% of income) in Jewish tradition but Ord said there was no religious motivation behind it. Ord cited writings from Peter Singer and Thomas Pogge about one's moral duty to give to the poor as inspiration for starting the organisation, and personally planned to give away ev ...
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Earning To Give
Earning to give involves deliberately pursuing a high-earning career for the purpose of donating a significant portion of earned income, typically because of a desire to do effective altruism. Advocates of earning to give contend that maximizing the amount one can donate to charity is an important consideration for individuals when deciding what career to pursue. Proponents In the 1996 book '' Living High and Letting Die'', the philosopher Peter Unger wrote that it was morally praiseworthy and perhaps even morally required for people in academia who could earn substantially greater salaries in the business world to leave academia, earn the greater salaries, and donate most of the extra money to charity. Moral philosopher Peter Singer laid the foundations for effective altruism and earning to give in his 1971 essay " Famine, Affluence and Morality" and since advocated for donating considerable amounts of one's income to effective charitable organizations. Singer is a public proponent ...
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Upside Foods
Upside Foods (formerly known as Memphis Meats) is a food technology company headquartered in Berkeley, California, aiming to grow sustainable cultured meat. The company was founded in 2015 by Uma Valeti (CEO), Nicholas Genovese ( CSO), and Will Clem. Valeti was a cardiologist and a professor at the University of Minnesota. The company plans to produce various meat products using biotechnology to induce stem cells to differentiate into muscle tissue, and to manufacture the meat products in bioreactors. History In February 2016, Memphis Meats published a video of a cultured meatball and in March 2017, they published a video of cultured chicken and duck dishes. In February 2017, the company indicated its goal was to produce at 60 euros per kilogram and enter the market by 2020. In August 2017, Memphis Meats announced that it had raised a $17 million Series A funding round. The round was led by DFJ and also included investment from Bill Gates, Richard Branson, Suzy and Jack Welc ...
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SoundCloud
SoundCloud is an online audio distribution platform and music sharing website that enables its users to upload, promote, and share audio. Founded in 2007 by Alexander Ljung and Eric Wahlforss, SoundCloud is one of the largest music streaming services in the world and is available in 190 countries and territories. The service has more than 76 million active monthly users as of November 2021. SoundCloud offers both free and paid memberships on the platform, available for mobile, desktop and Xbox devices. SoundCloud has evolved from a traditional online streaming platform to an entertainment company. History SoundCloud was established in Berlin on August 27, 2007, by Swedish sound designer Alexander Ljung and Swedish electronic musician Eric Wahlforss, and the website was launched on October 17, 2008. It was originally intended to allow musicians to collaborate by facilitating the sharing and discussion of recordings, but later transformed into a publishing tool for music distribu ...
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Shazam (application)
Shazam is an application that can identify music, movies, advertising, and television shows, based on a short sample played and using the microphone on the device. It was created by London-based Shazam Entertainment, and has been owned by Apple Inc. since 2018. The software is available for Android, macOS, iOS, Wear OS, watchOS and as a Google Chrome extension. The original UK developer of the app, Shazam Entertainment Limited, was founded in 1999 by Chris Barton, Philip Inghelbrecht, Avery Wang, and Dhiraj Mukherjee. On September 24, 2018, the company was acquired by Apple for a reported $400 million. Overview Shazam identifies songs using an audio fingerprint based on a time-frequency graph called a spectrogram. It uses a smartphone or computer's built-in microphone to gather a brief sample of audio being played. Shazam stores a catalogue of audio fingerprints in a database. The user tags a song for 10 seconds and the application creates an audio fingerprint. Shazam wor ...
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Norrsken Foundation
Norrsken Foundation is a non-profit, non-religious and non-partisan foundation dedicated to helping entrepreneurs solve the world’s greatest challenges, such as poverty, famine, mental health, pollution and climate change. It has raised several venture capital funds, manages an accelerator program for early-stage startups and operates co-working spaces in Stockholm, Sweden and Kigali, Rwanda. Norrsken was created by Niklas Adalberth, one of the founders of the fintech company Klarna. History Norrsken Foundation was created in June 2016 by Klarna founder Niklas Adalberth, who contributed $20 million to the launch. In December 2017 Adalberth committed an additional $62 million to Norrsken Foundation. That same year, a co-working space of 2400 square meters named Norrsken House was opened in a repurposed tram depot in Stockholm. In 2020 Norrsken House hosted more than 450 entrepreneurs from over 130 companies. Investments Direct investments After the initial launch in 2016, ...
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Klarna
Klarna Bank AB, commonly referred to as Klarna, is a Swedish fintech company that provides online financial services such as payments for online storefronts and direct payments along with post-purchase payments. The company has more than 4,000 employees, most of them working at the headquarters in Stockholm and Berlin. In 2021, the company handled about US$80 billion in online sales. As of 2011, about 40% of all e-commerce sales in Sweden went through Klarna. In 2021, the company was Europe's most valuable private tech company, at a $45.6 billion valuation, however this crashed to $6.7 billion in 2022. Klarna's core service is to provide payment processing services for the e-commerce industry, managing store claims and customer payments. It has become known as a "Buy now, pay later" (BNPL) service provider, offering customers credit on their purchases as part of the checkout process. History The three founders Sebastian Siemiatkowski, Niklas Adalberth and Victor Jacobsson pa ...
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Bloomberg Beta
Bloomberg Beta is an early stage venture capital firm with $375M under management, capitalized solely by Bloomberg. The fund exists to expand Bloomberg’s horizons by investing in companies built by extraordinary founders that are creating profound change in the way business operates, with a focus on machine intelligence and the future of work. Bloomberg Beta was recognized by VC review site CB Insights as the #2 investor in AI. Led by Roy Bahat, the firm has an unconventional investing model where anyone on the team can independently say yes to a deal. The fund's operating manual is publicly available online. Bloomberg Beta launched in June 2013 with $75 million of funding from Bloomberg L.P. A second fund of $75 million was announced in July 2016. In October 2019, they announced a third fund of $75 million. In June of 2022, they announced a fourth fund of $75 million and their first opportunity fund, also of $75 million. Bloomberg Beta is headquartered in San Francisco, Cali ...
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