Microsoft, Yahoo, Twitter, eBay, LinkedIn Co-founders Invest $25M in Change.org
by Vikas Vij
The petitions website, Change.org, empowers people globally by allowing them to create online petitions to press upon businesses and governments to act on issues that impact the society. Among the startups in Silicon Valley, Change.org commands a reputation of being a mission-driven organization, despite being a for-profit company.
A host of technology billionaires have now come together to invest $25 million in Change.org to support its expansion. This is a unique occurrence where a number of leading tech luminaries have joined hands to effectively perform the work of a traditional venture capital firm, and started a new trend in how Silicon Valley companies are financed.
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Image Credit: Flickr via Nanagyei
Vikas is a staff writer for the Sustainable Development news and editorial section on Justmeans. He is an MBA with 20 years of managerial and entrepreneurial experience and global travel. He is the author of "The Power of Money" (Scholars, 2003), a book that presents a revolutionary monetary economic theory on poverty alleviation in the developing world. Vikas is also the official writer for an international social project for developing nations "Decisions for Life" run in collaboration between the ILO, the University of Amsterdam and the Indian Institute of Management.
