Google’s Sergey Brin puts his money where his meat is, funding the world’s first test-tube hamburger in a bid to change the way the world eats. Tesla’s Elon Musk pushes space tourism as a down payment on ensuring our intergalactic salvation. And Amazon’s Jeff Bezos buys The Washington Post because, well, he hasn’t said.
Driven by bravado, benevolence, boredom or perhaps equal measures of each, deep-pocketed and increasingly young CEOs in Silicon Valley and beyond are taking their money, power and fame and using it to plant flags in all kinds of surprising places.
And unlike in the Valley’s olden days, when successful tech pioneers quietly assembled philanthropic powerhouses or lobbied to protect open space, there’s now a land rush by tech’s young titans to leave their mark on the world – and maybe save it in the process, one newspaper or in-vitro burger at a time.
“This trend is driven by some weird amalgam of guilt and ego and a desire to help the planet…They want to do good, but they also want to make themselves look good in the process,” said author Michael S. Malone, a long-time observer of Valley culture. “It’s really just another form of one-upmanship.”
Either way, the stampede is on. Whether it’s Bezos with his Blue Origin spaceflight startup, or Facebook founder and CEO Mark Zuckerberg’s $100 million campaign to jump-start public education, the new moguls of online commerce and social media are fanning out with outsized dreams and a ton of cash. Brin, in particular, is one busy paradigm-shifter, pushing wind power and driverless cars even as he sports Google Glass eyewear while hawking humane hamburgers.
Some of these executive endeavors are simply hobbies or personal statements writ large. Oracle’s Larry Ellison buys tennis tournaments, Asian art and exotic cars. Yahoo chief Marissa Mayer created a spreadsheet of ingredients for cupcake recipes.
While some of these activities may conjure up memories of the late billionaire Howard Hughes and his plywood-clad Spruce Goose, futurist Paul Saffo cautions that “quirky” may be the wrong adjective. “Silicon Valley,” he said, “is full of ideas that seemed silly until they took off like a rocket and changed the world.
“And while Musk and Bezos with their space efforts may have personal goals that raise eyebrows, this is important stuff – opening up space for commercial ventures may eventually get us out of the gravity well of Earth.”
Regis McKenna, a Silicon Valley veteran and Apple’s first marketing guru, describes a long local legacy of techies converting their professional success into global good will, but adds that “they didn’t brag about it, and a lot of the philanthropic work was done under the radar.”
“At one point,” McKenna says, “Silicon Valley was known as the private foundation capital of the world, but today these sorts of things have become much more visible.”
While local luminaries of the tech world have occasionally taken sharp career detours after finding success in their primary field (remember Atari pioneer Nolan Bushnell’s ill-fated foray into the land of Chuck E. Cheese?), the trajectory of entrepreneur-CEO-altruist seems increasingly woven right into the Valley’s DNA. Tech engineer turned philanthropist turned film producer Jeff Skoll may be the textbook example, first finding success at eBay and then giving away a billion dollars to deal with water and nuclear issues by the time he was 46. But now he has more and more company on the dance floor.
“Once entrepreneurs get a big win under their belt, they’ll often tackle things they weren’t comfortable with before that,” said Dale Partridge, the 28-year-old founder and CEO of online clothes-and-accessory “social-good retailer” Sevenly. His two-year-old firm, which donates $7 from each sale to a different charity every week, has “grown to 50 employees and revenues of eight figures.”
Not everyone buys the purity-of-motive argument. Karen Brosi, a Palo Alto financial planner and tax expert, heard the Brin burger story and thought: “That’s just too weird. Or I see Larry Ellison buying an island in Hawaii and it seems like some of these guys have more dollars than sense.”
Then there’s Musk and Bezos, with their fascination with outer space.
“There are so many places in the world where these guys could make a significant difference with their dollars, and you’re going to take me on vacation to the moon?” Brosi said. “It makes me want to grab them by their ties and say, ‘What are you thinking?'”