Upside Foundation: Shares for Charity
Gerry Pond, one of the region’s leading tech investors, has been named to the board of directors of a national foundation that encourages startups to donate some of their equity to charities.
The Upside Foundation is a new philanthropic body that asks startups to commit options to national charities, so that when the company exits, society as a whole will benefit from the company’s success.
“Good entrepreneurs and venture capitalists have always given back to the community,” Pond, a co-founder of East Valley Ventures in Saint John, said in an interview. He added the Upside Foundation