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Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, with Ahmad Jarba, president of the National Coalition for Syrian Revolutionary and Opposition ForShow more

Failure is a valuable lesson, philanthopist tells Mohammed bin Zayed’s majlis



ABU DHABI // Michael Green knows all about the pain of failure in philanthropy – and the valuable lessons that can be drawn from it.

After the bloody Romanian revolution of December 1989 left thousands orphaned, Mr Green embarked on a mission to bring smiles back to the faces of the traumatised children by providing them with new play sets.

After a two-day drive with vans filled with supplies, he and a group of friends moved between orphanages, setting up the equipment.

“It was a great trip,” Mr Green told the majlis of Mohammed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, on Monday night.

But on their last night after a week of work, he returned to the places where they had installed the playground equipment. At one of the orphanages, he found it had been ripped from the ground.

“I cannot exaggerate how terrifying that was,” he said. “We made a lot of preparations. We were not there on a holiday, we were there to really help people.”

Mr Green, an expert on philanthropy and social innovation from London, said the incident had been  too painful to talk about at the time, but he later regretted his silence.

“We need to think and talk about failure,” he said. “You can learn more from failure than success.”

Mr Green said failure was often an alien concept among philanthropists, which raised the question of whether they thought they could not fail, did not talk about it, or were simply unwilling to take risks.

His interest led him to take a job with the British government, where he believed he could make a real difference – a belief that was also disappointing.

“Government always struggles to innovate and take risks,” Mr Green said. “Philanthropists do things government cannot do. It has to come with the risk of failure.”

He named five great philanthropists, the first of whom was Ted Turner, the founder of CNN who donated US$1 billion (Dh3.67bn) to UN agencies and urged other rich Americans to become philanthropic.

One of those was Bill Gates, the founder of Microsoft, who started a foundation with his wife, Melinda.

Mo Ibrahim, a Briton of Sudanese origin who promotes good governance in Africa, was next on the list.

In 2007, Mr Ibrahim offered $5 million to former African leaders who had best helped their citizens. Three have so far been deemed worthy.

The final two were Ronald Owen Perelman, the US businessman known for his determination, and Peter Thiel, who co-founded PayPal.

“Thiel wanted to teach people that if they had a great idea to do it now,” he said. “If the government has to do conventional things, shouldn’t philanthropists take risks?”

He concluded by telling majlis guests of his new award, the Heroic Failure Prize in Philanthropy.

“It is an important legacy for all,” Mr Green said. “No one will make the same mistake.”

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Name: SmartCrowd
Started: 2018
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Based: Dubai
Sector: FinTech / PropTech
Initial investment: $650,000
Current number of staff: 35
Investment stage: Series A
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JOKE'S ON YOU

Google wasn't new to busting out April Fool's jokes: before the Gmail "prank", it tricked users with mind-reading MentalPlex responses and said well-fed pigeons were running its search engine operations .

In subsequent years, they announced home internet services through your toilet with its "patented GFlush system", made us believe the Moon's surface was made of cheese and unveiled a dating service in which they called founders Sergey Brin and Larry Page "Stanford PhD wannabes ".

But Gmail was all too real, purportedly inspired by one – a single – Google user complaining about the "poor quality of existing email services" and born "millions of M&Ms later".

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COMPANY PROFILE

Company name: Silkhaus

Started: 2021

Founders: Aahan Bhojani and Ashmin Varma

Based: Dubai, UAE

Industry: Property technology

Funding: $7.75 million

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Confirmed bouts (more to be added)

Cory Sandhagen v Umar Nurmagomedov
Nick Diaz v Vicente Luque
Michael Chiesa v Tony Ferguson
Deiveson Figueiredo v Marlon Vera
Mackenzie Dern v Loopy Godinez

Tickets for the August 3 Fight Night, held in partnership with the Department of Culture and Tourism Abu Dhabi, went on sale earlier this month, through www.etihadarena.ae and www.ticketmaster.ae.

Indoor cricket in a nutshell

Indoor Cricket World Cup – Sep 16-20, Insportz, Dubai

16 Indoor cricket matches are 16 overs per side

8 There are eight players per team

9 There have been nine Indoor Cricket World Cups for men. Australia have won every one.

5 Five runs are deducted from the score when a wickets falls

4 Batsmen bat in pairs, facing four overs per partnership

Scoring In indoor cricket, runs are scored by way of both physical and bonus runs. Physical runs are scored by both batsmen completing a run from one crease to the other. Bonus runs are scored when the ball hits a net in different zones, but only when at least one physical run is score.

Zones

A Front net, behind the striker and wicketkeeper: 0 runs

B Side nets, between the striker and halfway down the pitch: 1 run

C Side nets between halfway and the bowlers end: 2 runs

D Back net: 4 runs on the bounce, 6 runs on the full

Match info

Bournemouth 1 (King 45+1')
Arsenal 2 (Lerma 30' og, Aubameyang 67')

Man of the Match: Sead Kolasinac (Arsenal)


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