Philanthropy is an incredible endeavor for any individual or business, and Stream, an energy business based in the city of Dallas, Texas understands the real reasons why. Any business that only sees the financial aspect of its existence, but fails to recognize the human side is not going to succeed and prosper. That is why Stream Energy immediately took up the cause to help neighborhoods in need when a natural disaster struck in its home state.
Hurricane Harvey had devastating effects that were felt well outside of the city of Houston, and will be for years. Stream Energy, like many other businesses, charities, and individuals in the state of Texas and around the country, stepped in to offer all the help that it could. Immediately following the hurricane, Stream Energy sought to aid its employees as well as its clients. The company knew that they could do more than just offer financial assistance and relief, so they set out to found a corporate sponsored charity foundation called Stream Cares.
This new foundation gives Stream Energy a way to organize and legitimize its charitable work and giving. Giving back and donating to worthwhile causes is something the company has been doing for over a decade, and encourages as part of the company’s culture. Doing this with a new organization gives confidence to those that also want to help the company in its giving, as well as encourages both employees and new clients that are looking for a company that they can trust and values many of the same ideals that they do.
From a company standpoint, setting up a philanthropic side to its revenue generating business, because it adds a new element to the company profile. Businesses that otherwise have no to little public profile are able to gain publicity and maintain an appearance in the general public, which also happens to be the intended client base.
A monopoly is known as the excessive possession or control of supplies or trades in a particular area or for a particular service. Shervin Pishevar, who is a prominent venture capitalist, posted on Twitter recently. He shared a lot of thoughts, including the power that he feels the monopolies in the United States hold.
Who are the big monopolies?
Shervin Pishevar listed all of the monopolies that he feels have entirely too much power. These were listed in Tweet number 42 of 50 that many business blogs later referred to as a tweet storm.
The monopolies included Apple, Facebook, Amazon, Microsoft, and Alphabet. Each of these holds a significant amount of control in one way or another. Alphabet is the owner of Google while the others are self-explanatory as to the power that they have in the industry and over consumers.
What is the power and why is it a problem?
For most people, the power that these monopolies hold is obvious. However, Shervin Pishevar goes into detail over the next several tweets. He identifies that they have been stifling startups and that they have more power than Ma Bell ever did. What makes these monopolies dangerous is that they have access to data that no sovereign has, giving them even more power. They use their powers both overtly and covertly. They can destroy startups and acquire many of the small businesses via silent assassinations.
Shervin Pishevar warns that if the monopolies are not restrained from using their absolute power, it can prevent startups from becoming truly successful. While he does not provide insight as to how to take the monopolies down, he is spreading the warning in hopes that people will take notice and band together in order to strip the monopolies of some of the power that they currently hold.
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