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
Greeks talk austerity and government ineptitude Forget Brussels. Here is what everyday Greeks think about the crisis. More
Graffiti about crisis fills Athens' streets Artists are taking to the streets to express their views on the Greek crisis. More
My whirlwind 24 hours in Taiwan as a bridal supermodel Unlike the West, Taiwanese brides-to-be sit for hun sha ?? photo sessions before their actual wedding day. The photos are seen as a status symbol as well as a way to capture the brides' youth and glamor. More