Chen Yet-Sen Family Foundation urges VC approach to philanthropy
The chairman of the Hong Kong-based family foundation is advocating a style of philanthropy that he calls 'moonshot' to fund innovative ideas that haven't yet become mainstream.
One of Hong Kong's well-known philanthropists is keen to encourage other wealthy families to adopt a more venture capital-like approach to philanthropy by funding innovative ideas to solve important socio-economic issues.
It’s an approach ultra-high net worth individuals and wealthy families can afford to take as they can take high risks on ideas that haven't become mainstream yet, according to James Chen, chairman of Hong Kong-based Chen Yet-Sen Family Foundation.
It's a philos…
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