Read the full Forbes article and watch the interview here:
Jane Wales, CEO of the Global Philanthropy Forum, is leading an effort to apply the Silicon Valley model of venture philanthropy and impact investing to developing markets, especially Africa and Brazil.
Wales explained, “The new generation of North American philanthropists made their wealth at a young age. They are known for their combination of risk appetite and business acumen. These knowledge-hungry change agents are often emblematic of the Silicon Valley culture, where young billionaires like Facebook’s Mark Zuckerberg, eBay’s Jeff Skoll, Paypal’s Peter Thiel have been as focused, engaged and results-oriented in their philanthropy and they were in building their tech-based businesses. Many, including eBay founder Pierre Omidyar and Google cofounder Larry Page, employ market solutions like “impact investing” to address social and environmental problems.”