Evolve Foundation Launches A $100 Million Fund To Find Startups Working To Relieve Human Suffering

5 November 2017

 - It seems there’s nothing but bad news out there lately, but here’s some good news — the nonprofit Evolve Foundation has raised $100 million for a new fund called the Conscious Accelerator to combat loneliness, purposelessness, fear and anger spreading throughout the world though technology.

Co-founder of Matrix Partners China Bo Shao will lead the fund and will be looking for entrepreneurs focusing on tech that can help people become more present and aware.

“I know a lot of very wealthy people and many are very anxious or depressed,” he told TechCrunch. A lot of this he contributes to the way we use technology, especially social media networks.

“It becomes this anxiety-inducing activity where I have to think about what’s the next post I should write to get most people to like me and comment and forward,” he said. “It seems that post has you trapped. Within 10 minutes, you are wondering how many people liked this, how many commented. It was so addicting.”