Google For-Profit Charity

The Google Way is to do things a different way. Clearly, it has worked so far.

Next up:

“…unlike most charities, this one will be for-profit, allowing it to fund start-up companies, form partnerships with venture capitalists and even lobby Congress. It will also pay taxes.” has its’ critics, but their structure sounds like a great idea to me.

There are skeptics, too, among tax lawyers and other pragmatists familiar with the world of philanthropy. They wonder whether Google’s directors might be tempted to take back some of the largess in an economic downturn….but even while expressing reservations about Google’s approach, Mr. Owens said that the structure of “eliminates all the constraints that might otherwise apply.”

Besides, Sergey and Larry invested in this cool car, which runs on electricity, and does 0-60 in 4 seconds. One of the plans is to develop an ultra-fuel-efficient plug-in hybrid car engine that runs on ethanol, electricity and gasoline.

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