Post

Log inSign up

jack on X: "I’m moving $1B of my Square equity (~28% of my wealth) to #startsmall LLC to fund global COVID-19 relief. After we disarm this pandemic, the focus will shift to girl’s health and education, and UBI. It will operate transparently, all flows tracked here: https://t.co/hVkUczDQmz"

  • user avatar
    jack
    Square
    @jack
    I’m moving $1B of my Square equity (~28% of my wealth) to #startsmall LLC to fund global COVID-19 relief. After we disarm this pandemic, the focus will shift to girl’s health and education, and UBI. It will operate transparently, all flows tracked here:
    docs.google.com
    #startsmall tracker
    8:04 PM · Apr 7, 2020
  • user avatar
    jack
    Square
    @jack
    Apr 7, 2020
    Why UBI and girl’s health and education? I believe they represent the best long-term solutions to the existential problems facing the world. UBI is a great idea needing experimentation. Girl’s health and education is critical to balance:
    An image of a person standing on the edge of a cliff with mountains in the background and a text overlay that reads 'Drawdown Explorer'
    Drawdown Explorer™
    From drawdown.org
    user avatar
    jack
    Square
    @jack
    Apr 7, 2020
    Why is #startsmall a LLC? This segments and dedicates my shares to these causes, and provides flexibility. Grants will be made from Start Small Foundation or the LLC directly based on the beneficiary org. All transfers, sales, and grants will be made public in tracking sheet.
    user avatar
    jack
    Square
    @jack
    Apr 7, 2020
    Why the transparency? It’s important to show my work so I and others can learn. I’ve discovered and funded ($40mm) many orgs with proven impact and efficiency in the past, mostly anonymously. Going forward, all grants will be public. Suggestions welcome. Drop your cash app ;)
    user avatar
    jack
    Square
    @jack
    Apr 7, 2020
    Why pull just from Square and not Twitter? Simply: I own a lot more Square. And I’ll need to pace the sales over some time. The impact this money will have should benefit both companies over the long-term because it’s helping the people we want to serve.
    user avatar
    jack
    Square
    @jack
    Apr 7, 2020
    Why now? The needs are increasingly urgent, and I want to see the impact in my lifetime. I hope this inspires others to do something similar. Life is too short, so let’s do everything we can today to help people now. ✌🏼