YouTube for charities

After winning Oprah's Big Give, entrepreneur Stephen Paletta is planning his next venture: Virtual-Volunteer.tv.

EMAIL  |   PRINT  |   SHARE  |   RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)

Photos
Oprah winner's next move Oprah winner's next move Oprah winner's next move
Oprah's Big Give winner Stephen Paletta's next project is Virtual-Volunteer.tv, which Paletta envisions as a "YouTube for philanthropy" using streaming video.

(Fortune Small Business) -- Stephen Paletta had just won financing for a $10 million construction project in New Orleans when Hurricane Katrina devastated the city and his plans. He took this as a sign that after running two successful companies, he should try something new: philanthropy.

Paletta spent a couple of years building schools in Rwanda, and in April his entrepreneurial skills helped him win Oprah's Big Give, an ABC-TV show in which contestants vie to help the needy. His prize: $500,000 to give away, $500,000 to keep. Paletta, 44, is now investing in philanthropic innovations, including a website, stephenanderic.org, that uses video diaries to show donors' money at work.

A more ambitious project is VirtualVolunteer.tv, which Paletta envisions as a "YouTube for philanthropy" using streaming video. The June live launch will follow Katrina victims into their newly readied homes in Pearlington, Miss. - renovations completed courtesy of a $100,000 donation from Big Giver Paletta. To top of page

To write a note to the editor about this article, click here.

Find Business Answers
or
Ask a Question






QMy dream is to launch my own business someday. Now that it's time to choose a major, I'm debating if I should major in entrepreneurial studies or major in engineering to acquire a set of skills first. Is majoring in entrepreneurship a good choice? More
Get Answer
- Spate, Orange, Calif.
Sponsors
10 things you'll love about Windows 10 There's a lot to like about Windows 10. Here are our favorite features in Microsoft's soon-to-be-released operating system. More
Warren Buffett's gone cold. How his top 10 stocks are doing The Oracle of Omaha is an investing legend. But several of Berkshire Hathaway's biggest investments are off to a lousy start in 2015. Will shareholders complain at the annual meeting in Omaha on Saturday? More
BMW's M235i doesn't compromise BMW's new M235i gives you the performance of an M car for a lot less money. More