1955 Capital the answer to world problems.
The replenishing of resources such as energy and food is becoming harder with the overwhelming populations in china, India and third world countries. In addition to this, quality healthcare and education is becoming difficult to come by. 1955 Capital a company with its headquarters in San Francisco has taken up the problems in its stride and vowed to help curb them. And how exactly do they plan on doing this? Andrew Chung, the man behind the company saw that it was fit for him to come up with a company that would use technology to end world problems. In order for his plan to work, 1955 Capital had to involve American and European stakeholders who were technological giants.
The company under Andrew Chung started its operations in 2015. On February 24, 2016, the company managed to accrue 200 million dollars which came to be known as the 1955 Capital Fund I. With 200 million dollars at Chung’s disposal from the endorsers the company’s agenda would finally push through. The San Francisco based company with the first lump sum of money is ready to give financial aid to investors who have the plans on technological advancement while also ensuring that employment opportunities are provided.
1955 Capital in its dealings also wanted to form close ties with groups whose inclinations and aspirations were similar to that of the company. The aspirations being world problems. Since the western countries are highly developed countries, the company actively involves them in aiding the Eastern countries in ending problems like food shortage. The company has managed to fund several company based projects including two phases of the Nature’s fynd’s plan regarding protein synthesis from life forms found in geothermal, crop enhancement in two separate stages and Gridtential energy’s project regarding production of long term batteries.
In summary, 1955 Capital is a company that has seen the struggles faced by developing countries as well as countries with a large populations and decided to get foreign aid from countries that are far much advanced. The only way this is possible is by mobilizing funds for improving their technology.