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July 8, 2012 03:25 pm GMT
Tmura, an Israeli non-profit, is closing on its 10-year anniversary. In a decade's worth of work it has contributed a whopping $6.3M+ to educational programs. The extraordinary amount isn't the result of efficient fundraising, rather, of having been allotted small amounts of options by early-stage startups. Tmura then exercises these options when the startups see a liquidation event. Out of a portfolio of 240 companies, 40 saw exits, the most recent of which XtremIO's acquisition by EMC netted Tmura $450,000.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/aKVyY4MEmbs/
Tmura: The Non-Profit that Uses Israeli Startup Exits to Do Good
Tmura, an Israeli non-profit, is closing on its 10-year anniversary. In a decade's worth of work it has contributed a whopping $6.3M+ to educational programs. The extraordinary amount isn't the result of efficient fundraising, rather, of having been allotted small amounts of options by early-stage startups. Tmura then exercises these options when the startups see a liquidation event. Out of a portfolio of 240 companies, 40 saw exits, the most recent of which XtremIO's acquisition by EMC netted Tmura $450,000.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/aKVyY4MEmbs/
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