We are inviting founders, from the startups that we have personally backed, to share 1% of their founder stock into the fund.
We expect one large exit and a couple smaller exits to come from this pool that should generate several million dollars.
Each time an exit occurs, we divide the cash equally across the founders, who will be able to make a donation in their name.
We curate a list of 5 nonprofits from our vetted selection of over 500 nonprofits and present a customized list to each member.
We hope that each founder will be able to make several meaningful donations from this pool over the next few years.
If you are a founder that we have backed and are interested in joining us, please email email@example.com.
"By pooling ownership, we reverse the VC model and take our collective minds to allocate funds to deserving institutions."
"Participating in Schox.org has been invaluable for me as I have begun developing my approach to philanthropy."