You might have heard that this week Mark Zuckerberg and Priscilla Chan announced that they’re going to give away 99% of their Facebook stock in hopes of making the world a much better place for their newborn daughter and her generation. Now, I just want to be right up front with you. I have no inside information about this fascinating development. But what I do have is inside information, the inside story, on a gift that this couple made five years ago in their first act as philanthropists.
So the kind of technologies that get made are not necessarily very exciting. It’s something that [Alexis] Madrigal of The Atlantic said, these technologies that are coming out of these startups, they’re nice, they’re cheap, they’re fun. And they’re about as world‐changing as another variation of beer pong. This is not big, radical change.