There is Compound Interest in Altruism
By Biz Stone
Isaac “Biz” Stone is the co-founder of Twitter and has published two books about social media. Here are some interesting insights from one of the world’s most successful entrepreneurs. In this blog, Biz advises individuals and companies interested in helping others to start early – he and his wife began volunteering even when they were in debt. “Whether it’s tied to an entrepreneurial vision or simply made part of your everyday life, giving pays back in ways you might not anticipate.”
Startups have a unique opportunity to build the concept of “giving back” into the company culture from the very beginning. This is core to Twitter and other startups I’m involved with such as Trazzler and Square where I am a director and investor, respectively.
Entrepreneurs are realizing that they don’t need to wait until they have big piles of money to start helping others in need. In fact, the earlier you align your company with social causes, the better. With an early start, the results can have more impact over time.
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