Ben Jealous Launching Baltimore-Based Investment Firm
Former gubernatorial hopeful Benjamin T. Jealous (D) is launching a new investment firm that focuses on social impact. Called 20X, it will be based in Baltimore, the city where he worked during his years at the venture capital company Kapor Capital, which he left last week.
“The idea is that social impact investing is twenty times more powerful than philanthropy when it’s done well,” Jealous told Maryland Matters on Tuesday, “because you’re putting all your capital toward the goal of actually improving the world.”
Jealous, who lost to incumbent Gov. Lawrence J. Hogan Jr. (R) in November after a surprise win the Democratic primary, will serve as chairman of the new company. He said he will be able to disclose the names of his partners after they complete the process of leaving their current employers.
Among the companies Jealous has been advising since the election is citizen.com, a public safety app now available in New York and San Francisco. Baltimore becomes the third Citizen city this week, with residents able to download the app starting Wednesday.
Read more: https://www.marylandmatters.org/2019/02/13/jealous-launching-baltimore-based-investment-firm/