Why John Doerr Gave Stanford $1.1 Billion

John Doerr, Kleiner Perkins Chairman and author of 'Speed and Scale,' talks about why he and his wife donated $1.1 billion to Stanford University. He's on "Bloomberg Wealth with David Rubenstein."

[javierjp]

It is his money and I respect his decision, but is Stanford the best way to put that money to use?

[quarter]

Why are billionaire continue to give money to universities...Why not setup scholarships to give money directly to students.

[pressto]

I live, invest, undertake and work in an emerging country, based its economy on Commodities, especially agricultural ones. with a population growth of 54% in 40 years, where the urban population grew 1, 000% in 60 years. It has continental dimensions and depends on road logistics. This impacted the environment and the climate, added to other geopolitical indicators, these are the biggest threats that I see in terms of risk in the analyzes we do in the fintech that I created with a focus on the global food chain

[anderbeau]

Right, because his rich daughter whining was so traumatic he had to give away a billion to a poor impoverished school like Standford 😂