In 1998, Laura Arrillaga launched the Silicon Valley Social Venture Fund (SV2) with two objectives: (1) providing Silicon Valley donors with philanthropic experience and education that would empower their personal giving, and (2) awarding local nonprofits with multi-year, capacity-building grants that would help them to strengthen their organizations and meet the higher level of accountability associated with contemporary philanthropic investments. SV2 followed a venture philanthropy partnership model in which investors pooled their money to give large, multi-year grants to nonprofits and also served in consulting and advisory roles to help grantees meet their capacity-building goals.