A Chicago Heir's Approach to Venture�Philanthropy - Inside Philanthropy: Fundraising Intelligence - Inside Philanthropy: o many of its disciples, though, venture philanthropy simply means taking a rigorous approach to giving away money so you're more likely to have an impact. Business investors have been refining their methodologies for decades. So why not borrow from that world?
That's how Liam Krehbiel sees things. He's an heir to the Molex electronic interconnector fortune, who, after a stint at Bain and Company, decided to apply venture investing principles to the philanthropy sector, rather than pursuing the family business. Like many new philanthropists, Krehbiel combines funding with management support to give Chicago-area nonprofits a fighting chance. “Think about what successful venture-capital firms do,” Krehbiel told Michigan Avenue Magazine. “They look for high-potential, early-stage companies and provide the financial and intellectual capital to help them grow. We do the same thing.”
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