SILICON VALLEY HAS long been criticized for operating under an erroneous binary: You must choose between profit or positive social impact. As people around the nation face an ongoing public health emergency, overlapping climate crises, and a long-delayed reckoning with race, more people are calling on the tech industry to prioritize social impact over profits. Two vanguard venture capitalists are sending shockwaves through Big Tech by arguing it doesn’t have to choose. “If you talk to the young people of today, what you hear so often is ‘we want to do good,’” Katie Rae, CEO and managing partner of The Engine, said at the WIRED25 event. The Engine is an MIT-backed venture firm focused on funding long-term projects around sustainability, reducing waste, and advancing public health and preventive medicine.

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