Hot or Not? Give ten percent of everything away....Hot!

By Tom Foremski - November 18, 2005

Ten-Solution.jpgJames Hong, one of the founders of Hot or Not (absolutely brilliant idea) asked me if I could draw attention to a new project, an old idea, but made new.

What this also shows is that the new generation of young Silicon Valley entrepreneurs are not as tight with their money as the old lot of Silicon Valley entrepreneurs, who have given this region a reputation for stinginess while they made out like bandits (John Doerr et al)

Yes, big grants to endow seats of learning in your name are all very well, but it ain't nothing as a percentage of your wealth. Let's see our Valley elite step up to the plate on this scale:

From James's Blog:

"10 Over 100 has launched!

I'd recently been wondering how much I should be giving to charity. What's too much, what's too little? Not belonging to a religion that tells me how much to tithe, it's a big question.

JamesHotorNot.jpgJosh and I started a website called 10 over 100 where we make the promise to give 10% of whatever we make over $100k to charity. So like if I make $150k a year, I would give 10% of $50k, which is $5,000 (pretax, so it really amounts more to being out of pocket maybe $3k)

ANYONE can make the promise no matter how much you make (if you don't make $100k yet, you are promising to start it once you DO make over $100k, and hopefully you will give whatever you can in the meantime). So all you princes and princesses out there, make the promise now!!

The hope is that by creating a rule about how much to give, it will become standard practice and will increase overall giving.. kind of how we have rules for how much to tip in the US. If those rules of social etiquette didn't exist, there would be a lot less tipping going on!"


Do it for Thanksgiving:

http://www.10over100.org/


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November 18, 2005 | Permalink | Comment | Category: | Subscribe to SVW

Comments (1)

Wonderful project! Hopefully many many people participate. My 10% go to Jeffrey Sachs' Millennium Promise which is eradicating extreme poverty one village at a time using a very convincing science-based approach. I encourage everyone to join.


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