RippleWorks (Chris Larsen's foundation) launches

RippleWorks (Chris Larsen's foundation) launches

Postby monicalong » Thu Apr 23, 2015 2:11 pm

I’m excited to introduce RippleWorks! A non-profit foundation co-founded by Chris Larsen and Doug Galen, who previously served in executive roles at E-LOAN, eBay, Shutterfly, and Shopkick, its mission is to accelerate financial inclusion globally. As CEO, Doug runs the foundation, building a team and funding operations using Chris’s pledge of 7 billion XRP, which will be donated over time.

RippleWorks is an immersive volunteer program that pairs startup veterans with promising companies in developing countries seeking to build paths out of poverty through innovation. RippleWorks Experts help these entrepreneurs solve business-specific problems to accelerate scaling.

Please help Doug find Experts! Experts must have a clearly identifiable domain expertise, experience scaling startups through hyper growth, and a passion for financial inclusion. Experts should apply here.

You can help spread the word via your social networks. Please tag @Rippleworksorg and #accelerateimpact in your posts.

Learn more:
Website
Press release
Medium post
Blog post
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Re: RippleWorks (Chris Larsen's foundation) launches

Postby Kaze » Thu Apr 23, 2015 9:58 pm

Rippleworks says it has 60 million dollars in funding. Is this funding from xrp? Is it monies they have now, or is it future monies? Have they been selling off XRP to the open market to raise this capital? How much xrp have they sold? At what prices did they begin selling off xrp? Please respond to these questions.

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Re: RippleWorks (Chris Larsen's foundation) launches

Postby kanaas » Thu Apr 23, 2015 10:22 pm

Kaze wrote:Rippleworks says it has 60 million dollars in funding. Is this funding from xrp? Is it monies they have now, or is it future monies? Have they been selling off XRP to the open market to raise this capital? How much xrp have they sold? At what prices did they begin selling off xrp? Please respond to these questions.

Kaze


That 7B XRP from Larsen is about 60M USD at current market rate ....
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Re: RippleWorks (Chris Larsen's foundation) launches

Postby Omnis » Fri Apr 24, 2015 12:36 am

Great initiative! Glad to see CL was true to his word.
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Re: RippleWorks (Chris Larsen's foundation) launches

Postby freequant » Fri Apr 24, 2015 1:34 am

For a Venture applicant, we look for well-vetted, venture backed start-ups with significant market traction and a commitment to a social purpose.

Stellar Fundation?

;)
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Re: RippleWorks (Chris Larsen's foundation) launches

Postby OpGln » Fri Apr 24, 2015 8:40 am

freequant wrote:
For a Venture applicant, we look for well-vetted, venture backed start-ups with significant market traction and a commitment to a social purpose.

Stellar Fundation?

;)


:lol: :+1:
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Re: RippleWorks (Chris Larsen's foundation) launches

Postby BeRichLiveFree » Fri Apr 24, 2015 10:04 am

freequant wrote:
For a Venture applicant, we look for well-vetted, venture backed start-ups with significant market traction and a commitment to a social purpose.

Stellar Fundation?

;)


Now that is funny! :-1: :-1:

Jed has all the funding he needs trying to suck money out of the Ripple Network selling his own stash of XRP and then trying to support/manipulate Stellar with it.

For Stellar to be successful someone other than Jed would need to have started it--in my eyes he is not trust worthy.

Chris Larsen has both my trust and respect! :+1: :+1:

Thank you again Mr Larsen for keeping your word and for attempting to be an agent of change! :D

BeRichLiveFree :+1: 8-) :+1:
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Re: RippleWorks (Chris Larsen's foundation) launches

Postby OpGln » Fri Apr 24, 2015 5:11 pm

It seems to me that RippleWorks will need to sell XRP (directly and indirectly) in order to pursue its objectives.

Honest question: why would Chris' foundation be superior to Jed's?
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Re: RippleWorks (Chris Larsen's foundation) launches

Postby kanaas » Fri Apr 24, 2015 11:47 pm

OpGln wrote:It seems to me that RippleWorks will need to sell XRP (directly and indirectly) in order to pursue its objectives.

Honest question: why would Chris' foundation be superior to Jed's?


By being more trustworthy, keeping on promises perhaps?
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Re: RippleWorks (Chris Larsen's foundation) launches

Postby RafOlP » Mon Apr 27, 2015 11:01 pm

Congrats, very good initiative.

BTW, I liked the model.
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