National Partnership Program Overview
The Palindrome Story
Founded by entrepreneur and philanthropist Zaw Thet, Palindrome is armed with the mission of educating leaders to give back in an innovative and sustainable way. Palindrome’s flagship program, the “Palindrome Pledge”, has attracted over one hundred top industry leaders who have made a public commitment to take more prominent roles in the nonprofit sector. Under the “Palindrome Pledge”, executive level leaders (“Advisors”), made a commitment not only to take more prominent roles in the board management and operations of nonprofits, but also to devise new models and technology to change the way nonprofits are run. The Pledge received attention nationally and internationally as the non-billionaires’ version of The Bill and Melinda Gates “Giving Pledge.”
The Startup America Story
Spearheaded by businessman Scott Case and entrepreneur Steve Case, Startup America is a new White House initiative aimed at increasing the prevalence and success of high-growth enterprises creating growth, innovation, and quality jobs in the U.S. To this end, Startup America provides an innovative strategy for entrepreneurship by encouraging private-sector companies and foundations to contribute funds to existing models and/or by developing new programs and efforts to help entrepreneurs.
The Missing Link: Synergism at Play
Palindrome provides nonprofits with access to leading industry executives. Startup America provides entrepreneurs with access to private-sector companies and foundations. There is an obvious missing link: a medium for meaningful engagement between high-level industry leaders and for-profit, young enterprises. Palindrome has the leaders. Startup America has the enterprises. It is only natural, then, that a partnership between Palindrome and Startup America should emerge. A new program, “Palindrome Startups”, will match Palindrome’s Founding Advisors, all experienced executives and proven entrepreneurs, with young companies and first-time entrepreneurs.
Under the program, Palindrome’s Advisors will form deep relationships with startups to help increase the prevalence and success of high-growth enterprises creating quality jobs in the U.S.Palindrome will tap into a “deep engagement” model paralleling its nonprofit model, by matchingexisting Advisors with startup boards and entrepreneurs. The program starts with a mentorship program and leads to a formal board seat – a structure that facilitates meaningful engagement between top industry leaders and first-time entrepreneurs and startups.
Palindrome strives to seek out underrepresented entrepreneurs by age, ethnicity, gender, and disability. As part of Palindrome’s core vision, the model remains philanthropic: Palindrome’s Advisors will donate time free of cost to the “Palindrome Startups” program, in addition to their commitments to nonprofit boards. If the Advisor-Startup relationship grows into a formal board seat, one hundred percent of all equity or other compensation received will be donated to Palindrome’s Nonprofit Partners.