Do tech founders think about philanthropy differently?

Bill Gates, in conversation with Daniel Petre for the StartGiving podcast, discusses the differences he has experienced with how tech founders think about philanthropy.

“In terms of calling people up to join Giving Pledge, I’ve had the greatest success with people in the tech industry. And in a way, because the fortune is built very quickly, they don’t build up their personal spending that fast…

When you first say to them, you know, hey, you should give 50 million to this, they’re like what? You know, a million is a gigantic amount of money. I’ve never spent, you know, $1,000,000 on anything. But, you know, because their fortune is so vast, you say, you know, hey, you might be able to give 5% of that away every year pretty much for the rest of time.”

Interested in more? Listen to Daniel’s entire conversation with Bill as a podcast, or watch it as a vodcast.