. >>> venture capitalist todd degra is out to start foursquare. thousand a new idea. venture philanthropy. new nonprofit also pitch their missions and goals and a pam will decide if it's viable an worth their expertise. todd, thanks for joining us today. >> thanks for having me. >> so how did you come up with this idea? was it from watching "shark tank"? >> well, it's partially from watching "shark tank." i also participated in event such as this at a hospital where doctors and scientists were competing for funding. and it was very positive and i thought it would work well in a greater setting. >> so how does this bork when it come to philanthropy. >> allows nonprofits to come together with individuals who have money who are seeking to put that money to work and who also have time and a lot of expertise to give to the, you know, the nonprofits. it's a form of a matching system. >> is it your thought that you really need to make sure that the charity arena just like every other arena gets disrupted and find better ways of making it work? >> yeah, i think so. i've had a