If The Shoe Fits: Marc Benioff
by Miki SaxonA Friday series exploring Startups and the people who make them go. Read all If the Shoe Fits posts here
When tech people talk about philanthropic role models these days they focus on people like Bill Gates and his foundation or Mark Zukerberg’s donation to schools where he grew up, which, obviously, are very important.
Sometimes they talk about a few million donated to San Francisco to off-set the anger directed at commute buses and general tech arrogance — which we all know is no more than a rounding error to companies like Google.
Marc Benioff has a different take on what companies owe to the cities that host them.
We have done a phenomenal job creating value for the world through our technology, but we are not really an industry known for giving that wealth back.
Benioff’s attitude isn’t a reactive to the current anger at tech; he instilled philanthropy in the company’s culture when he founded it in 1999.
He called it the 1-1-1 model of corporate philanthropy, in which the company would send 1 percent of its stock, products, and employees’ working time to the company foundation.
His approach inspired companies like Yelp, NetSuite, and Google to develop their own variations.
“Marc has been pounding the table getting everyone to pay attention and come up with their own philanthropic strategy,” says Jeremy Stoppelman, Yelp’s CEO.
Benioff has a new initiative called SF Gives (run by nonprofit Tipping Point Community) to change things.
SF Gives to raise $10 million for regional antipoverty programs. Benioff got on the phone himself and successfully pushed executives at Box, Google, Jawbone, Zynga, and 15 other tech companies to join.
His goal is to add another 85 companies in 2015 and I have no doubt he’ll succeed.
In short, Benioff is a true proponent of doing well by doing good and sees it as a substantial competitive advantage and recruiting tool for Salesforce.
Embedding your own version of Benioff’s 1-1-1 in your startup’s culture and joining SF Gives at the earliest opportunity may not guarantee you the same success as Salesforce, but it will certainly garner you good press, important connections and a significant competitive advantage, which won’t hurt your chances.
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