The radical plan to get tech founders to give away more money
Philanthropy may be rising in Australia, but it’s not keeping pace with wealth and is well behind comparable countries. Daniel Petre, Antonia Ruffell and Peter Winneke have plans to change that.
Daniel Petre says he knows exactly what many old, rich men in Australia – his words – think of him. “They reckon I’ve given up on venture capital because I got too old, or it got too hard,” he says. “They think this is some kind of weird little thing I’m playing at . . . they just don’t get that I’m as passionate and energetic about this as any job I’ve ever had.”
Petre, a former executive for Bill Gates at Microsoft and then for Kerry Packer, last year scaled back his role at Airtree Ventures, the venture capital fund he co-founded in 2014. And the weird little thing he’s playing at? His long-running campaign to boost the amount that wealthy Australians give away to charity – sometimes by cajoling and sometimes outright shaming, crunching the numbers to show how the growth in philanthropy in this country is not keeping pace with the growth in wealth.
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