Month: September 2013

Using the “100% Model” to Pump Up Water Donations for Africa

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By Samuel Phineas Upham

When Scott Harrison founded charity: water, he was aware that the Silicon Valley CEOs who were his target donors would be cynical about any charity work. To counter this, he created two separate bank accounts: one for administrative costs and one for drilling wells and hand pumps throughout Africa. According to the New York Times, this “100% Model” has been a huge success: charity: water is now the largest nonprofit in the United States focused on water.

Through the “100% Model,” Harrison is able to guarantee that every dollar donated to charity: water that is earmarked for water-based endeavors is used in that way. water: charity doesn’t actually drill the well, but they offer their high-profile donors a chance to visit sites to see the fruits of their donations.

Read more: http://www.nytimes.com

Samuel Phineas Upham Samuel Phineas Upham is an investor from NYC and SF. You may contact Phin on his Samual Phineas Upham website or Facebook page.

Two new iPhones from Apple

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The Cupertino, California based Apple introduced two new smartphones on September 10, 2013. A high-end smartphone with a finger print scanner, iPhone 5S that begins at $199 with a contract that comes in three colors and a $99 with a contract, iPhone 5C, a colorful with plastic cover that comes in five colors. Actual prices in emerging markets or the release date and availability of these smartphones in China have not been disclosed at the time of the unveiling of the new products.

The iPhone 5C colors include blue, green, pink, yellow and white. It is available in the U.S. for $549 without a contract. 5C also has a “M7 Motion co-processor” chip that can track motion data continuously with less impact on the battery. Because of this it is a dream gadget for sports fans and fitness enthusiasts. 5C will be available sooner than the 5S.

The higher end iPhone 5S comes in gray, silver and gold. It is expected to carry higher processing speed, finger print scanner and an improved camera. The iPhone 5S is expected to go on sale in the U.S. and in China on September 20, 2013. Many expect these new products will stop market share losses for Apple in rapidly developing markets in China and India.