Monday, March 10, 2008

CEO carved path for tech philanthropy

CEO carved path for tech philanthropy: "With that in mind, Bock teamed with John Thornton, general partner at Austin Ventures, to launch the Entrepreneurs Foundation of Central Texas.

For the past nine years, startups have been donating stock options to the foundation. When the companies are acquired or go public, the foundation cashes in the options and distributes the money to charities chosen by the company."

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