“...beyond the giant tech companies, venture capital firms, often a key source of funding for startups, have become capital hubs for businesses that are trying to take on the virus.”
Key Points
The call is the latest of many moves being made by Silicon Valley as an extra deterrent against the virus. Seth Bannon, a founding partner of venture capital firm Fifty Years, told CNBC in an interview that the group, Schmidt Futures, is hosting a conference call on Wednesday with philanthropists, including leaders of firms like Bannon's, to discuss groups they can start funding that are looking to combat COVID-19.
, describes itself as a group that "invests in and makes grants to for-profit and nonprofit organizations in order to support the most talented people and most promising ideas," including those focused on scientific breakthroughs.
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