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Pivotal Ventures focuses on advancing social progress in the United States by investing in and incubating initiatives that address societal challenges. The company identifies areas where progress has stalled, such as gender equality and aging, and partners with organizations to create momentum for change. Pivotal Ventures not only provides funding but also offers mentorship and resources to help develop these initiatives. This approach allows them to generate revenue through investments while also creating social impact. Their goal is to remove barriers to social advancement and foster sustainable solutions that benefit communities.
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Melinda French Gates, right, and Gates Foundation CEO Mark Suzman. (Gates Foundation Photo)As the Gates Foundation today announced that the 25-year-old global philanthropy will sunset in another two decades, co-founder Melinda French Gates weighed in on the influential organizationâs legacy. âI like to think that right now, the foundationâs work is contributing to a child getting a vaccine or a woman opening her first bank account â and that decades from now, their families and communities are going to continue to look different,â she told the Associated Press, âbecause of what that child and that woman unlocked for the people around them.âFrench Gates resigned as co-chair of the foundation in June, roughly three years after announcing her divorce from Bill Gates. The organization has granted more than $100 billion to global health, womenâs initiatives, agriculture, education and other causes. âItâs easy for people to forget â or maybe they didnât ever know â how hopeless the situation seemed around the year 2000, when malaria, tuberculosis and HIV were totally out of control,â she told the AP. âSince then, efforts funded, in large part, by development aid have saved more than 65 million lives from those diseases alone.âAlso today, Bill Gates shared that he will give 99% of his fortune â roughly $200 billion â to the philanthropy to disperse by 2045, when it will cease operations
Melinda French Gatesâ new book, âThe Next Day,â describes major challenges the philanthropist has confronted over the course of six decades. (Photo of Gates by Jason Bell)Yes, Melinda French Gates has an estimated net worth of nearly $30 billion, runs an organization with ambitious goals to improve the lives of women globally, and formerly co-led the worldâs largest private philanthropy â the Gates Foundation â with her now ex-husband Bill Gates.And no, most of our lives look almost nothing like hers at first glance.But French Gatesâ new book, titled âThe Next Day,â feels surprisingly relatable as she describes major challenges she has confronted over the course of six decades, providing her insights and self-reflections on how she navigated the experiences and what she learned from them.The book, which comes out today, reads like a long conversation with a good friend who gives some gently offered advice that you might just want to consider if facing your own insecurities, parenting self-doubts, the slowly unfolding death of a loved one, and denial about an unraveling relationship.âThe Next Dayâ is not a tell-all â there are no sordid details about her divorce and its fallout â but instead discloses her emotional struggle to accept the inner voice telling her that Gates âhad betrayed not only our marriage but also my values.â She recounts an ugly cry, alone in the car, listening to Willie Nelson, after delivering her decision to leave the marriage.In a GeekWire interview ahead of the bookâs release, French Gates said she felt compelled to write the slim volume after giving the commencement address at her youngest daughter Phoebeâs graduation from Stanford University last June, where she foreshadowed the bookâs themes of how to handle transitions and the importance of your actions after that moment of inflection.French Gates, who grew up Catholic, throughout the book incorporates ideas and writings from wide-ranging poets, authors and religious leaders to whom she has turned for grounding and guidance. She practices meditation, promotes therapy, and urges readers to not rigidly pursue goals or strive for perfection.One of French Gatesâ own ânext dayâ realities was leaving the Gates Foundation last May and shifting her professional focus to Pivotal Ventures, a company that she founded in 2015. Pivotal works to support nonprofits, leaders, policies and startups striving to promote social progress.Itâs French Gatesâ first sole leadership role of a multi-billion dollar organization after nearly 25 years of jointly leading the foundation.âI feel like Iâm walking and talking my values ⌠Iâve said this for a long time, that a woman should have her full voice, her full decision-making authority, and her full resources that she can put to use in any way she wants,â she told GeekWire. âAnd so Iâm now doing that.âIâm speaking my truth in society fully. Iâm using every tool in my toolbox â investments, advocacy, philanthropic dollars â in ways that I think will advance society and make it better for all of us as families, and so that feels good,â she continued
Tech-enabled maternity clinic company Millie announced that it raised $12 million in Series A funding co-led by TMV and Foreground Capital, with significant participation from Pivotal Ventures and the March of Dimes Innovation Fund.
Melinda French Gates. (Jason Bell Photo). Melinda French Gates is giving $150 million to a variety of groups to help remove barriers for women in the workplace, including in the tech industry and the rapidly growing field of artificial intelligence.The announcement Wednesday from French Gatesâ Seattle-based Pivotal Ventures is part of the billionaire philanthropistâs prior commitment to grant $1 billion to programs and people working on womenâs and family issues.In a video on the Pivotal website, French Gates said that while womenâs representation in the workforce has increased substantially over the last few years, significant barriers â such as lack of caregiving and ongoing discrimination â continue to hold women back from truly thriving at work.âAs it stands, the modern workplace simply wasnât built with women in mind. And itâs time for that to change,â she said.AI and tech innovation are a key focus of the change that French Gates believes is needed.According to Axios, $45 million will go toward increasing womenâs representation in AI and tech through groups such as the Center for Inclusive Computing, Rewriting the Code and Break Through Tech AI.âAI will continue to have a growing and disproportionate impact on society, and we want to build the pipeline of women leaders shaping AI and ensure companies deploying AI are maximizing its benefits and minimizing its harms,â Dr. Renee Wittemyer, vice president of Program Strategy for Pivotal, said in an interview published on the website.Wittemyer added that there are opportunities to leverage AI to remove workplace barriers for women as it is integrated into HR systems and other practices.The Aspen Institute will get $75 million to establish a workplace innovation council, according to Axios, and other groups will share $30 million, including Lift Our Voices, Management Leadership for Tomorrow, National Partnership for Women Families, Responsible Innovation Labs, and Women and Public Policy Program at Harvard Kennedy School.Hereâs the transcript of Gatesâ video announcement on Wednesday:. âWomenâs representation in the workforce has increased substantially over the last few years
Get ready for TechCrunch Disrupt 2024, our signature event for startups of all stages, taking place at Moscone West in San Francisco from October 28-30. This year, weâre expecting a massive turnout of 10,000+ leaders from the startup, VC, and broader tech community.As part of the program, weâre thrilled to unveil the complete agenda for the Disrupt Stage, with some of the big names in tech that have dominated â and continue to dominate â the news cycle this year. Hear from the CEOs of General Motors, Databricks, and Wiz; investors Vinod Khosla, Ashton Kutcher, Tony Fadell, and Erin and Sara Foster; and former NFL player and founder Colin Kaepernick. The Disrupt Stage is the culmination of months of hard work and is just one of six stages featured at this yearâs jam-packed event.No TechCrunch Disrupt is complete without the return of the legendary Startup Battlefield. This yearâs hand-picked Startup Battlefield 200 will not disappoint. Head to the Expo Hall for the finest display of early-stage startup innovation youâll ever find under one roof
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Industries
Venture Capital
Social Impact
Company Size
51-200
Company Stage
N/A
Total Funding
N/A
Headquarters
Seattle, Washington
Founded
2015
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