Zuckerberg's Philanthropy Project Makes First Major Investment

[HardOCP News]

Mark Zuckerberg's philanthropy venture the Chan Zuckerberg Initiative has made its first major investment in a start up that trains and recruits software developers in Africa.

The Chan Zuckerberg Initiative LLC, created by Zuckerberg and his wife Priscilla Chan, led a $24 million Series B funding in Andela, the startup said on Thursday. Alphabet Inc's GV, previously known as Google Ventures, was also part of the funding round.

 

[Willypants]

I'm all for philanthropic acts, but there's much better uses for this sort of money.

 

[Rustynuts]

Great more Nigerian email scams now. And better trained.

 

[-PK-]

I'm all for philanthropic acts, but there's much better uses for this sort of money.

That's the difference between a philanthropist and an altruist, a philanthropist can help people in selfish ways.

 

[Foxhack]

So he believed one of those Nigerian emails that asked people for money?

 

[DrDoU]

He's a great Philanthropist can't wait for his next humanitarian effort.

 

[Rev Lemmon]

So he gets to train developers on the cheap and hire them latter for less then it would cost to hire developers here?

 

[nutzo]

Great more Nigerian email scams now. And better trained.

So instead of just spam, we'll have to start worrying about viruses, trojans, spyware and other junk coming from Africa instead of just Russia and China.

 

[Uvaman2]

So instead of just spam, we'll have to start worrying about viruses, trojans, spyware and other junk coming from Africa instead of just Russia and China.

Yep, this.

 

[Prisoner849]

Am I the only one who is freaked at the thought of Google and Facebook getting together on anything?

Yeah, and the 'initiative' seems somewhat duplicitous; seeking out and paying for future employee training in regions the companies know nothing about but would undoubtedly like to get a foothold in to somehow monetize. The new philanthropy model is win-win, not won-win?

 

[Twisted Kidney]

This is a lot of hate.

 

[amddragonpc]

I guess FB is opening a facility in Africa.

 

[M76]

Culturally and socially Africa is so far behind the west, that it's not logical to teach them software development. Unless your goal for them is to move to the west and work there as immigrants since software development is not an useful trade in Africa currently, or in the near future.

 

[dangerouseddy]

i dunno more architects, doctors and engineers might be more helpful