Dustin Moskovitz

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Dustin Moskovitz
Dustin Moskovitz Headshot.jpg
Born (1984-05-22) May 22, 1984 (age 37)
EducationHarvard University
Known forCo-founder of Facebook (2004)
Co-founder of Asana (2008)
Co-founder of Good Ventures (2011)
World's youngest self-made billionaire (2012)
Net worthUS$19.2 billion (March 2021)[1]
Spouse(s)Cari Tuna

Dustin Aaron Moskovitz[2] (/ˈmɒskəvɪts/; born May 22, 1984)[3] is an American Internet entrepreneur who co-founded Facebook with Mark Zuckerberg, Eduardo Saverin, Andrew McCollum and Chris Hughes.[4] In 2008, he left Facebook to co-found Asana[5] with Justin Rosenstein. In March 2011, Forbes reported Moskovitz to be the youngest self-made billionaire in history, on the basis of his 2.34% share in Facebook.[6]

Background and education[edit]

Moskovitz was born in Gainesville, Florida and grew up in Ocala, Florida.[7] Moskovitz is Jewish.[8] He attended Vanguard High School, graduating from the IB Diploma Program.[citation needed] Moskovitz attended Harvard University as an economics major for two years before he moved with Mark Zuckerberg to Palo Alto. He went to work full-time on Facebook.[9]

Career[edit]

Four people, three of whom were roommates—Mark Zuckerberg, Eduardo Saverin, Chris Hughes, and Dustin Moskovitz—founded Facebook in their Harvard University dorm room in February 2004. Originally called thefacebook.com,[10] it was intended as an online directory of all Harvard's students to help residential students identify members of other residences.[4][11] In June 2004, Zuckerberg, Hughes and Moskovitz took a year off from Harvard and moved Facebook's base of operations to Palo Alto, California, and hired eight employees.[12] They were later joined by Sean Parker. At Facebook, Moskovitz was the company's first chief technology officer and then vice president of engineering;[13] he led the technical staff and oversaw the major architecture of the site, as well as being responsible for the company's mobile strategy and development.[9]

On October 3, 2008, Moskovitz announced that he was leaving Facebook to form a new company called Asana with Justin Rosenstein, an engineering manager at Facebook. Moskovitz was also the biggest angel investor in the mobile photo-sharing site Path, run by another former member of Facebook, David Morin. It was reported[14] that Moskovitz's advice was important in persuading Morin to reject a $100 million offer for the company from Google, made in February 2011.[15]

Philanthropy[edit]

Moskovitz speaking at Web Summit 2017

Moskovitz co-founded the philanthropic organization Good Ventures with his girlfriend (and now wife) Cari Tuna in 2011.[16] In June 2012, Good Ventures announced a close partnership with charity evaluator GiveWell. Both organizations "are aiming to do as much good as possible" and thereby align with the goals of effective altruism.[17][18] Good Ventures has donated approximately $100 million from 2011 onward to GiveWell top charities Against Malaria Foundation, GiveDirectly, Schistosomiasis Control Initiative, and Deworm the World Initiative, as well as standout charities (see Good Ventures for more) and other effective altruist organizations.[19]

The joint collaboration with GiveWell led to a spinoff called the Open Philanthropy Project, whose goal is to figure out the best possible way to use large sums of money (starting with Moskovitz's multi-billion-dollar fortune) to do the most good.[20][21][22] The Open Philanthropy Project has since become a separate organization, and continuously increases its annual giving, having made over $170 million in grants in 2018 alone (see Open Philanthropy Project#Grants made for more).[23] Moskowitz is a supporter of using rationality to guide his decision-making.[24]

Moskovitz and Tuna are also the youngest couple to sign Bill Gates and Warren Buffett’s Giving Pledge, which commits billionaires to giving away most of their wealth in the form of philanthropy.[25]

Politics[edit]

Moskovitz has voted for the Democratic Party candidates in each election in which he has voted, but he wrote: "Though we've voted for the Democratic nominee each of the times we've cast a ballot, we've considered ourselves independent thinkers who respect candidates and positions from both sides of the aisle."[26] Prior to their donation for the 2016 election cycle, Moskovitz and Tuna had donated roughly $10,000 over their lifetime to federal candidates, most of it to Sean Eldridge, the husband of Facebook co-founder Chris Hughes.[27]

Moskovitz, through his support of the Open Philanthropy Project, has contributed to California YIMBY. The Open Philanthropy Project, mainly funded by Moskovitz and his wife, has donated around $500,000 to the cause.[28]

For the 2016 United States presidential election, Moskovitz announced that he and his wife would donate $20 million to support Hillary Clinton, the Democratic Party nominee, arguing that the dangers of a Donald Trump presidency are significant, and that they were making their donation despite being skeptical of allowing large donors to influence election cycles through money.[29] The New York Times quoted Moskovitz's blog post on the subject: "The Republican Party, and Donald Trump in particular, is running on a zero-sum vision, stressing a false contest between their constituency and the rest of the world."[26][27] This made him the third-largest donor in the 2016 campaigns.[29]

For the 2020 United States presidential election, Moskovitz donated $24 million to support the Democratic Party nominee Joe Biden.[30] Asana's own listed contributions for the election cycle, which are almost all directly from Moskovitz and his wife Cari Tuna, reached around $45 million.[31] This makes Asana the second largest contributor to Biden's presidential campaign after Bloomberg LP.

Personal life[edit]

Moskovitz is married to Cari Tuna. Tuna is a journalist for The Wall Street Journal.[32] Tuna currently works full time on Good Ventures, the couple's private foundation, as well as the Open Philanthropy Project, a spinoff of a collaboration between Good Ventures and GiveWell.[33][34][35]

Moskovitz and Tuna attend Burning Man regularly, and Moskovitz has written about his reasons for doing so.[36][37][38]

Media depictions[edit]

Moskovitz is played in the film The Social Network by actor Joseph Mazzello. Responding to a question on Quora, Moskovitz said that the film "emphasizes things that didn't matter (like the Winklevoss brothers, whom I've still never even met and had no part in the work we did to create the site over the past 6 years) and leaves out things that we really did (like the many other people in our lives at the time, who supported us in innumerable ways)."[39]

References[edit]

  1. ^ "Bloomberg Billionaire Index: Dustin Moskovitz". Bloomberg. 16 February 2021. Retrieved 16 February 2021.
  2. ^ Alba, Alejandro (August 25, 2015). "Facebook CEO tops list of the 20 wealthiest people under 35". NY Daily News. Archived from the original on 26 August 2018. Retrieved 10 December 2016.
  3. ^ Pilkington, Ed (March 10, 2011). "Forbes Rich List: Facebook Six Stake Their Claims". The Guardian. UK. Archived from the original on August 26, 2018. Retrieved March 30, 2011.
  4. ^ a b "Company Timeline". Facebook. Retrieved 2008-10-03.
  5. ^ Rosenstein, Justin."Reply on Quora to: Who is the CEO of Asana?", Quora, February 8, 2011. Retrieved 2011-02-15.
  6. ^ Zoe Fox (March 10, 2011). "Forbes's Youngest Billionaire: Facebook Co-Founder Dustin Moskovitz Edges Out Mark Zuckerberg". TIME. Archived from the original on December 26, 2018. Retrieved December 14, 2014.
  7. ^ "America's Youngest Billionaires" Archived 2017-08-12 at the Wayback Machine, Forbes, 6 October 2010. Retrieved 2011-02-15.
  8. ^ Jacob Berkman (December 10, 2010). "Zuckerberg among nine new Jewish individuals and families to take the Giving Pledge". Jewish Telegraphic Agency. Archived from the original on 21 September 2013. Retrieved 19 September 2013.
  9. ^ a b "Dustin Moskovitz: Crunchbase Profile" Archived 2011-08-05 at the Wayback Machine, Techcrunch. Retrieved 2011-02-15.
  10. ^ Phillips, Sarah (2007-07-25). "A brief history of Facebook". the Guardian. Archived from the original on 2018-12-26. Retrieved 2018-03-20.
  11. ^ Rosen, Ellen (2005-05-27). "Student's Start-Up Draws Attention and $13 Million". The New York Times. Archived from the original on 2014-09-24. Retrieved 2018-03-01.
  12. ^ "Finding Friends with Facebook" Archived 2014-03-01 at the Wayback Machine, Wired, July 3, 2005. Retrieved 2011-02-15.
  13. ^ "Dustin Moskovitz - Forbes Profile". Forbes. 2 March 2020. Archived from the original on 26 August 2017. Retrieved 7 February 2021.
  14. ^ Lacy, Sarah."Inside the DNA of the Facebook Mafia" Archived 2017-07-30 at the Wayback Machine, Techcrunch, February 13, 2011. Retrieved 2011-02-15.
  15. ^ Arrington, Mike. "Google Tried To Buy Path For $100+ Million. Path Said No." Archived 2017-07-04 at the Wayback Machine, Techcrunch, February 2, 2011. Retrieved 2011-02-15.
  16. ^ Tuna, Cari; Moskovitz, Dustin (2012). "Vision & Values | Good Ventures". Good Ventures. Archived from the original on 2017-08-24. Retrieved 2017-08-24.
  17. ^ Holden (2012-06-28). "GiveWell and Good Ventures". Archived from the original on 2015-07-15. Retrieved 2012-06-28.
  18. ^ "They made a fortune in Silicon Valley. Now they're giving most of it away". Washington Post. 2014-12-26. Archived from the original on 2019-04-25. Retrieved 2017-06-01.
  19. ^ Ventures, Good. "Grants Database | Good Ventures". Good Ventures. Archived from the original on 2018-08-31. Retrieved 2017-04-04.
  20. ^ Matthews, Dylan (April 24, 2015). "You have $8 billion. You want to do as much good as possible. What do you do?". Vox. Archived from the original on August 24, 2017. Retrieved March 19, 2016.
  21. ^ David Callahan (December 14, 2015). "How Does an Emerging "Army" of Tech Donors Think? Ask This Guy". Inside Philanthropy. Archived from the original on March 7, 2016. Retrieved March 20, 2016.
  22. ^ Nicole Bennett; Ashley Carter; Romney Resney & Wendy Woods (February 10, 2016). "bcg.perspectives - How Tech Entrepreneurs Are Disrupting Philanthropy". The Boston Consulting Group. Archived from the original on July 27, 2017. Retrieved March 20, 2016.
  23. ^ Karnofsky, Holden (2019-04-15). "Our Progress in 2018 and Plans for 2019". Open Philanthropy Project. Archived from the original on 2019-06-17. Retrieved 2019-06-17.
  24. ^ https://mobile.twitter.com/moskov/status/1383899949918658567
  25. ^ "Silicon Valley Billionaire Dustin Moskovitz and Cari Tuna on the Reasoned Art of Giving". Jewish Business News. 2015-01-02. Archived from the original on 2017-08-24. Retrieved 2015-04-09.
  26. ^ a b "Compelled to Act. We're committing $20M to help Democrats in the 2016 election". Medium. September 8, 2016. Archived from the original on May 29, 2019. Retrieved September 22, 2016.
  27. ^ a b Confessore, Nicholas (September 9, 2016). "Dustin Moskovitz, Facebook Co-Founder, Pledges $20 Million to Aid Democrats". The New York Times. Archived from the original on March 29, 2019. Retrieved September 22, 2016.
  28. ^ Bronstein, Zelda. "California's 'Yimbys'". Dollars & Sense. Economic Affairs Bureau. Retrieved 13 March 2021.
  29. ^ a b "Facebook co-founder Dustin Moskovitz commits $20M to help beat Trump". CNN. September 9, 2016. Archived from the original on September 23, 2016. Retrieved September 22, 2016.
  30. ^ Hartmans, Avery (November 3, 2020). "Some of tech's biggest names donated millions of dollars ahead of the 2020 election, and most of it went to Democrats". Business Insider. Retrieved December 20, 2020.
  31. ^ A 501tax-exempt, The Center for Responsive Politics; NW, charitable organization 1300 L. St; Washington, Suite 200; info, DC 20005 telelphone857-0044. "Top Contributors, federal election data for Joe Biden, 2020 cycle". OpenSecrets. Retrieved 2021-02-01.
  32. ^ "Cari Tuna". The Wall Street Journal. Archived from the original on October 16, 2016. Retrieved September 22, 2016.
  33. ^ Ariana Eunjung Cha (December 26, 2014). "Cari Tuna and Dustin Moskovitz: Young Silicon Valley billionaires pioneer new approach to philanthropy". The Washington Post. Archived from the original on April 25, 2019. Retrieved December 29, 2014.
  34. ^ Lee, Vincent (September 12, 2013). "Meet Cari Tuna, the Woman Giving Away Dustin Moskovitz's Facebook Fortune". Inside Philanthropy. Archived from the original on October 11, 2016. Retrieved September 22, 2016.
  35. ^ Rice, Issa (June 29, 2016). "Cari Tuna". Archived from the original on September 23, 2016. Retrieved September 22, 2016.
  36. ^ Moskovitz, Dustin (September 5, 2013). "Radical Inclusion vs. Radical Self-Reliance at Burning Man". Archived from the original on May 30, 2019. Retrieved September 22, 2016.
  37. ^ Allen, Nick (September 6, 2013). "Facebook's Dustin Moskovitz hugs the Winklevoss twins at Burning Man. Dustin Moskovitz of Facebook tells how he met the Winklevoss twins at the Burning Man festival in Nevada. Is one of the most celebrated feud of the internet age over?". The Daily Telegraph. Archived from the original on February 5, 2019. Retrieved September 22, 2016.
  38. ^ Shontell, Alyson (September 5, 2013). "A Strange Thing Happened the First Time Facebook's Co-Founder Met the Winklevoss Twins — They Hugged". Business Insider. Archived from the original on September 23, 2016. Retrieved September 22, 2016.
  39. ^ Moskovitz, Dustin."Reply on Quora to: What does Dustin Moskovitz think of the Facebook movie?" Archived 2020-10-27 at the Wayback Machine, Quora, July 16, 2010. Retrieved 2011-02-15.

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