“I thought — what kind of legacy do I want to leave as a human being? It was an easy decision for me to give back to the community, and to donate to MassChallenge, an organisation that has helped me and my business so much.” Nicola Gammon, Founder of Shoot
Through Founders Pledge, a charity that was spun out of Founders Forum, entrepreneurs leverage their success and give back to society, committing to donate at least 2% of their personal proceeds (not equity) from a liquidity event to a social cause of their choice.
As of March 2, Founders Pledge has had 329 pledges across 249 businesses with $18.2b in aggregate valuations, making the total value of pledges around $70 million. Founders Pledge charges nothing, allowing pledgers complete control in selecting the recipients of their donation, and brings together their community with regular events.
Pledges have been signed already by a number of MassChallenge alumni, including Nicola Gammon (founder and CEO at Shoot) and James Roy Poulter (co-founder and CEO at Pronto), David Hellard at Zipcube.com and Danilo Leao at BovControl.
Brent Hoberman, co-founder of Lastminute.com, MADE.com, and Founders Forum, also supported the announcement today and stressed the importance of giving and connecting the tech community to opportunities to give at all stages of their life cycles.
When you have 80 people together in a room who have ‘made’ it, there is not as much energy. Getting together with younger entrepreneurs and using our influence collectively for good with Founders Pledge, we can accomplish so much.” — Brent Hoberman, Founder of MADE.com