Metro
Billionaire handing out $150M to anyone who can fix San Francisco
By Sheetal Banchariya
Published Aug. 6, 2026, 8:01 p.m. ET
A billionaire venture capitalist and philanthropist has launched a global competition for companies to come forward with innovative ideas for “making San Francisco a better place to live.”
Former Sequoia Capital chairman Michael Moritz and his artist wife Harriet Heyman are awarding up to $150 million through their private family foundation, Crankstart, to organizations with a mission to transform the city.
Michael Moritz speaking during "Finding the Next Billion-Dollar Idea" at the Vanity Fair New Establishment Summit.
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Billionaire Michael Moritz’s newest bet to transform San Francisco is being driven by Crankstart – a private family foundation.
Up to three proposals in the “Boundless San Francisco” competition will receive anywhere from $10 million to $50 million to bring their ideas to life.
The competition is “open to proposals in any subject area, from near or far,” that “reflects the premise that the next great idea for the city could come from anyone, anywhere,” reads the official statement.
Successful proposals will pair an ambitious vision for San Francisco’s future with a clear, credible plan to build it and make it last.
https://nypost.com/2026/08/06/us-news/billionaire-handing-out-150m-to-anyone-who-can-fix-san-francisco/