June 3, 2021
Shipshape Grants 2% of Its Equity to Help Low-Income Homeowners Weatherize & Update Their Homes
The Shipshape Foundation provides need-based grants to help low income homeowners access home improvements that lead to safer, more reliable and more efficient homes.Read Original
Shipshape Solutions Inc., a company with a vision for every home to be safe, reliable and efficient, today announced the establishment of the Shipshape Foundation and a corresponding grant of 2% of the company’s founding equity to the foundation. In addition to the equity grant, Shipshape pledged 2% of its product and 2% of its time to further its philanthropic mission.
“Shipshape was founded with the belief that the business of business is to build a better world,” according to Alexander Linn, Founder and CEO of Shipshape who, prior to founding Shipshape, worked at Salesforce as a Lead Solution Engineer on the Einstein Analytics & AI Platform. Shipshape’s 2-2-2 model was inspired by the 1-1-1 model pioneered by Marc Benioff and Salesforce. “Thanks to the leadership of Marc Benioff at Salesforce, we can do more so we decided to double the 1-1-1 model.”
Shipshape is in business to connect homeowners to service providers to help them save time, money and energy using technology. Shipshape aims to promote economic development and sustainability with every solution it sells. Its 2-2-2 model is designed to instill hyper alignment between the company, its stakeholders and the community.
“Technology is driving structural inequality into our economy. It is incumbent on us as entrepreneurs to design business models that drive equality and sustainable economic development. Otherwise, technology will become bad for mankind,” said Alexander Linn.
The Shipshape Foundation provides need-based grants to help low income homeowners access home improvements that lead to safer, more reliable and more efficient homes. “Every day we meet homeowners that need our help. After just a short time with the company, I realized that the opportunity for us to make a difference in the world is huge, so I jumped at the opportunity to be involved in the Shipshape Foundation,” said Elexa Ruth, Director of the Shipshape Foundation.
With this announcement, Shipshape joins the Pledge 1% movement, a global philanthropic organization encouraging companies to give 1% of either their equity, employee time, profit and/or products to good causes. Through Pledge 1%, Shipshape joins a network of more than 12,000 companies in 100+ countries that have committed to philanthropic efforts.
About Shipshape Foundation
The Shipshape Foundation is a not-for-profit organization that owns 2% of the initial founding equity of Shipshape Solutions Inc. The foundation was formed by Shipshape Founder Alexander Linn to help low-income homeowners by providing need-based grants for home improvement projects that will reduce the carbon footprint and financial risks associated with ownership of their homes.
About Shipshape Solutions Inc.
Shipshape is on a mission to make homes smart enough to take care of themselves. Shipshape believes every home should be safe, reliable, efficient and well maintained. The company operates a first of its kind proprietary smart home predictive maintenance platform that offers solutions to homeowners to reduce the costs of home maintenance and operations. The Shipshape platform integrates an ecosystem of smart home hardware to enable advanced analytics and recommend actions that will reduce risks and improve system performance. Shipshape’s software platform unlocks the value of sensor data to enable a whole new era of the smart home.
Shipshape is based in Austin, TX. For more information, visit http://www.shipshape.ai.
About Pledge 1%
Pledge 1% is a global movement that encourages and empowers companies of all sizes and stages to donate 1% of their staff time, product, profit, and/or equity to a charity of their choosing. It provides a simple, flexible, and scalable model to integrate giving back into the DNA of all companies, especially startups. Already thousands of companies around the world have taken the pledge, and dozens of VCs, incubators and conferences have joined to push the movement forward.