Tmura, a foundation with a unique business model, was established by leading Israeli venture capital funds to involve the high-tech sector in supporting charitable activities. The model is simple: early-stage companies give Tmura a warrant, convertible (at exit) into a small portion of their equity. If the company succeeds, Tmura sells its shares and donates the proceeds to charities in Israel; the focus is on education and youth-related activities, and the companies can indicate which organizations they want to support.
Over 500 high-tech companies have already completed the process of allocating equity to Tmura and Tmura has also had exits from many companies including Waze ($1,500,000!!), CyberArk, Replay, Valtech, Ravello, Wix, Borderfree, Intucell, XtremIO, and several others! Tmura has now generated over $15,000,000 for the community, which has been allocated to several terrific non-profit organizations focusing on youth and education.
Check out this 2-minute video with some familiar faces: https://youtu.be/or7qXef-Lp8