This tech CEO is offering a $1 million donation to inspire tech companies to help fight homelessness
The CEO of the booming startup Twillio will put $1 million of company’s money toward alleviating homeless problems, urging other tech leaders to pony up, too.
Things are good for Twilio. The cloud communications platform that powers apps and services, such as Lyft’s and Uber’s, announced on November 6 that third-quarter earnings had jumped 68% over the same time last year (to $168.9 million). But things are not good for Twilio’s hometown, San Francisco. The city’s been wracked by stubborn homelessness, soaring rents, severe income inequality, and a nasty fight over a ballot initiative that will create a $300 million business tax to fund solutions to those problems. Prop C, as it was called, passed by nearly 60%, but not before it became a flashpoint in a battle of words (and lots of cash) between Salesforce CEO Marc Benioff, who advocated passing the initiative, and Twitter CEO Jack Dorsey, who opposed it.