Fast Forward raises new war chest to fight Silicon Valley’s inequality machine
San Francisco is a city of extremes, with multi-billion dollar glass-cladded obelisks piercing the SoMa sky while thousands of the city’s long-term residents fail to find even the basic rudiments of housing and other social services.
The tech industry has created the world’s greatest inequality machine, solving every one of our problems except the ones like housing affordability, education access, and healthcare availability that might lead to greater agency and equality.
Now though, a growing list of the Valley’s leading companies are engaging with the issues in their own neighborhoods and globally — as are their employees.
Fast Forward, an accelerator of tech non-profits based in SF, announced today that it has raised $5 million in new philanthropic funding from leading companies like Google.org, Twilio.org, Blackrock, the Hewlett Packard Enterprise (HPE) Foundation, Okta, PagerDuty, AWS, Github and many more.
Like traditional accelerators such as Y Combinator, Fast Forward selects a batch of very early-stage startups working on large social challenges and helps them scale their products, culminating in a series of three demo days in SF, Silicon Valley and New York City. Fast Forward invests an unrestricted $25,000 in each startup.
We’ve covered the accelerator before, but in addition