Craig Newmark

Okay. Sorry. Here's the, well, the history to prevent some confusion. Okay. I gave a guy some equity. I made it a gift on the expectation that he'd deliver. Uh, that may have not, uh, happened, but he wanted to sell, sold to eBay, didn't work out, and we bought that equity back from eBay. Nice. Now what I've done is I had a chunk of equity stock, and again, thinking, I don't need this.

Okay. Sorry. Here's the, well, the history to prevent some confusion. Okay. I gave a guy some equity. I made it a gift on the expectation that he'd deliver. Uh, that may have not, uh, happened, but he wanted to sell, sold to eBay, didn't work out, and we bought that equity back from eBay. Nice. Now what I've done is I had a chunk of equity stock, and again, thinking, I don't need this.

So I created a 501c4 foundation. put all the equity in there, and that's what generates dividends and sales. And that's what I'm using to fund these things. So I now have a good idea of how much money I have to give away in the rest of my life.

So I created a 501c4 foundation. put all the equity in there, and that's what generates dividends and sales. And that's what I'm using to fund these things. So I now have a good idea of how much money I have to give away in the rest of my life.

So I created a 501c4 foundation. put all the equity in there, and that's what generates dividends and sales. And that's what I'm using to fund these things. So I now have a good idea of how much money I have to give away in the rest of my life.

That kind of stuff. And I figure I've got five to 20 years, and I know roughly how fast I should do it. And my trouble, though, is that I'm 72. 20 years out, I may have to conduct due diligence via a seance. And Ouija boards don't have the bandwidth I need. So I may just come back and haunt people.

That kind of stuff. And I figure I've got five to 20 years, and I know roughly how fast I should do it. And my trouble, though, is that I'm 72. 20 years out, I may have to conduct due diligence via a seance. And Ouija boards don't have the bandwidth I need. So I may just come back and haunt people.

That kind of stuff. And I figure I've got five to 20 years, and I know roughly how fast I should do it. And my trouble, though, is that I'm 72. 20 years out, I may have to conduct due diligence via a seance. And Ouija boards don't have the bandwidth I need. So I may just come back and haunt people.

You have an excellent point there, although computers don't operate very well in the afterlife. Although I'm making an assumption. I don't know if that's true. So you still own it? Oh, this is an important distinction. I now own no equity. It's in that foundation, 501c4. Okay, so the company was transferred into a foundation or sold to a foundation. Well, my parts of it.

You have an excellent point there, although computers don't operate very well in the afterlife. Although I'm making an assumption. I don't know if that's true. So you still own it? Oh, this is an important distinction. I now own no equity. It's in that foundation, 501c4. Okay, so the company was transferred into a foundation or sold to a foundation. Well, my parts of it.

You have an excellent point there, although computers don't operate very well in the afterlife. Although I'm making an assumption. I don't know if that's true. So you still own it? Oh, this is an important distinction. I now own no equity. It's in that foundation, 501c4. Okay, so the company was transferred into a foundation or sold to a foundation. Well, my parts of it.

Other people do own chunks of the company. Got it. And they do what's right for them. Okay. Me, what's right for me is, frankly, to keep a little for myself. Mm-hmm. because the wife insists that she needs to buy socks. Oh, yeah. And so we have some leftover, which we do share with family. But the vast bulk of it is now for charity.

Other people do own chunks of the company. Got it. And they do what's right for them. Okay. Me, what's right for me is, frankly, to keep a little for myself. Mm-hmm. because the wife insists that she needs to buy socks. Oh, yeah. And so we have some leftover, which we do share with family. But the vast bulk of it is now for charity.

Other people do own chunks of the company. Got it. And they do what's right for them. Okay. Me, what's right for me is, frankly, to keep a little for myself. Mm-hmm. because the wife insists that she needs to buy socks. Oh, yeah. And so we have some leftover, which we do share with family. But the vast bulk of it is now for charity.

I mean, just yesterday a guy, I guess an economist, analyzed what I would have made had I done the usual Silicon Valley thing He said, now I'd be worth $11 billion. If you had saved the company and just sold it? Well, if I did the usual. Right. And maybe he's right. I don't understand the analysis. Right. But I don't know what I would do with that. $11 billion? Yeah.

I mean, just yesterday a guy, I guess an economist, analyzed what I would have made had I done the usual Silicon Valley thing He said, now I'd be worth $11 billion. If you had saved the company and just sold it? Well, if I did the usual. Right. And maybe he's right. I don't understand the analysis. Right. But I don't know what I would do with that. $11 billion? Yeah.

I mean, just yesterday a guy, I guess an economist, analyzed what I would have made had I done the usual Silicon Valley thing He said, now I'd be worth $11 billion. If you had saved the company and just sold it? Well, if I did the usual. Right. And maybe he's right. I don't understand the analysis. Right. But I don't know what I would do with that. $11 billion? Yeah.

Well, I don't think about it. There are some luxuries I like, but I don't own a car. Really? Frankly, between the subway and Uber, cabs, or Lyft, that's what I need.

Well, I don't think about it. There are some luxuries I like, but I don't own a car. Really? Frankly, between the subway and Uber, cabs, or Lyft, that's what I need.

Well, I don't think about it. There are some luxuries I like, but I don't own a car. Really? Frankly, between the subway and Uber, cabs, or Lyft, that's what I need.