n. Philanthropy that uses the principles and techniques of venture capitalism.
1999
Now, Myers, a general partner in the Mayfield Fund, a venture capital firm, is planning to do the same for charity—invest millions in people and concepts with potential, refine their strategies, link them to elite professional networks, and, he hopes, make them wildly successful.
His new line of work is called venture philanthropy.
His new line of work is called venture philanthropy.
1972 (earliest)
Rockefeller Family Fund on Oct 21 says grants totaling $814,950 were made during '70 and '71 in what fund's pres D Rockefeller Jr terms 'venture philanthropy.'