We are very proud to announce that Tony Hsieh, CEO of Zappos.com, and Downtown Project have pledged $1 Million to Venture for America over the next several years to help revitalize downtown Las Vegas. Downtown Project is a $350MM+ initiative to transform downtown Vegas that includes a $200 million investment in real estate, $50 million in local businesses, $50 million in tech start-ups, and $50 million in education, arts and culture.
This pledge is our largest commitment to date, and we couldn’t be happier to be working with Downtown Project to have a sustained positive impact in the years to come. 7 of our 2012 Fellows (Andy Chatham, Barry Conrad, Josh Levine, Jude Stanion, Laura Berk, Ovik Banerjee, and Rob Solomon), who were chosen from among hundreds of applicants last year, have been working with Tony and his team since August. They have been helping move the ball forward and balancing a range of responsibilities each day. With this commitment, we will be able to send more Venture Fellows to join and support Downtown Project in 2013 and beyond.
Tony appeared on CNBC after making his pledge to talk about Venture for America and his progress at Downtown Project:
Venture for America’s Mission is:
To revitalize American cities and communities through entrepreneurship.
To enable our best and brightest to create new opportunities for themselves and others.
To restore the culture of achievement to include value-creation, risk and reward, and the common good.
It’s hard to imagine a better fit for VFA than Tony Hsieh and Downtown Project. We are thrilled to support their work, and excited to put our Fellows in position to both contribute and develop over the coming years.
For the official press release, see here.