The AI unicorn, recently valued at $86 billion, helps 7 investors onto Midas overall. They include early backer Vinod Khosla of Khosla Ventures, who moves up a whopping 76 slots to No. 9 on this year’s list. (And that doesn’t count fellow billionaires No. 8 Reid Hoffman, who invested in OpenAI through his foundation, or No. 36 Marc Andreessen, whose firm has also purchased shares.)
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Acquired by: Net Health.
Powell jobs and Jobs ended up seated next to each other. COLLEGE-CHARITY/ REUTERS/Beck Diefenbach/File Photo.
Another thing that we noticed is that that money, rather than being diverted, as we might have thought, through checking and savings, really looks like it's coming out of spending money. So this is money that would have been spent on coffee or on Amazon or just discretionary stuff, and because Robinhood has the experience that you might get from buying a physical product or something on Amazon, it sort of feels like spending in a way that's very positive and very engaging, but people end up building a portfolio over time.
An increasing number of social entrepreneurs and investors are realizing that social enterprises of all sorts, including many organizations regarded as charitable nonprofits, can generate returns acceptable to the financial markets. The key is to view the funding of social enterprises as a problem of financial structuring.
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