The origins of Rippleworks’ story are rooted in entrepreneurship. Chris Larsen and Doug Galen first met when they built their first company together in 1997: E-Loan, one of the first ever online lending startups that increased access to affordable mortgages.
In 2015, Chris and Doug co-founded Rippleworks to harness the power of entrepreneurship and innovation to tackle the world’s toughest challenges. We started with a blank slate and an open mandate: to freely understand and meet the needs of impactful, scaling social ventures.
Our journey has taken us from late-night sessions in Doug’s backyard to crowded co-working spaces to our current office in Redwood City, California. Our team keeps growing, our programs keep expanding, but our mission stays the same: we are relentlessly focused on the needs of social ventures, providing the practical support entrepreneurs and their teams need to scale and improve more lives.
A History of Rippleworks
- Over a catch-up lunch in San Francisco, Doug and Chris dream up the idea of a nonprofit foundation that takes a venture-centric approach to providing unique support
- Doug leads a series of 50+ user interviews with entrepreneurs, impact funders, on-the-ground teams to inform the design of Rippleworks
- Officially launch in April 2015, and initial founding team brought on by year’s end
- Rippleworks Foundation forms as one of the first-ever cryptocurrency-endowed foundations, through generous backing from Chris Larsen and Ripple
- Launch our first 5 projects, with support from Omidyar Network
- Led global research initiative with McKinsey, Omidyar Network to publish the report How Social Enterprises Can Find The Talent to Scale
Milestone of 50 projects delivered to social ventures
- Launch Investments to bring financial support to ventures
- Pilot Insights program to deliver Experts-led workshops to social ventures
- Milestone of 100+ projects delivered to social ventures
- Investments funds 10+ ventures with catalytic capital
- Insights program launches with workshops in Brazil, Mexico City, Ghana, Nigeria, US
- COVID-19 rapid response helps social ventures navigate COVID-19 pandemic. New emergency programs launched, including quick-hitting 1:1 Expert Sessions to support COVID-19 related business changes, and Surge Capacity program to bring hands-on volunteer support to healthcare ventures on the frontlines of COVID-19.
We envision a world where all people have equitable access to the resources and opportunities to live life to the fullest potential.
Our mission is to be relentlessly focused on the needs of social ventures, providing the practical support impactful entrepreneurs and their teams need to improve more lives.
Our Strategic Goals
In 10 years, impactful ventures solving the world’s toughest challenges have overcome operational barriers to scale.
In 10 years, impactful ventures solving the world’s toughest challenges have the capital they need to succeed.