With newspaper revenues falling billionaires are stepping in to fund reporting, either by buying existing media outlets or starting new ones.
In early March, leading thinkers in the private and public sectors gathered in the epicenter of California's Silicon Valley – Palo Alto – to take in a bird's eye view of how social media is affecting governance. Social media can empower people, but turning a 'dumb mob' into a 'smart mob' is another matter.
Facebook's Mark Zuckerberg, Twitter's Biz Stone, Craigslist's Craig Newmark, and many others have turned their entrepreneurial skills to solving the world's social problems.
In winning over 38 billionaires to pledging half their wealth to charity, Warren Buffet and Bill Gates also set a better climate in the political debate over ending the Bush tax cuts on the rich.
Hybrid businesses enlist nonprofit strategies as well to achieve selfless goals.