Both nonprofits and startups are changing lives for the better.
Silicon Valley is full of successful entrepreneurs who have figured out how to combine vision with capital to solve difficult problems. That proven approach is what built so many companies, from the first personal computers to the latest social networking apps.
Over time, we are seeing many of these same entrepreneurs use the wealth they have acquired in business to make a social impact. Some are creating family foundations aimed at supporting nonprofit organizations; others are choosing to engage in "impact investing" in support of for-profit social entrepreneurs.
Very few of them, however, structure their social impact support to do both, missing a chance to apply the very problem-solving approach that built the wealth they now seek to share.
To read on, please visit The Huffington Post where this post was included in a series produced to mark the World Economic Forum's Annual Meeting 2015 (in Davos-Klosters, Switzerland, Jan. 21-24). Read all the posts in the series here.