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Shamil Hargovan is an entrepreneur, CEO, and brand leader who has built award-winning products and services, consumer devices, B2B platforms, and applications generating over $4B in direct revenues. As STS Managing Director, Shamil leads sell-side M&A deals, supporting business owners and founders on their journey to a strategic exit.
Shamil also co-chairs the STS Capital Success to Significance™ pillar focusing on social impact and legacy potential. He serves as CEO of Altruvest Charitable Services, an affiliated foundation of STS and a global not-for-profit organization that provides training and tools to improve the governance of community-based charities. Prior to STS, Shamil co-founded Wiivv Wearables, and as CEO, grew the company 68x in three years to become the largest supplier of custom 3D printed footwear worldwide.
In this episode….
Shamil Hargovan was born in Australia and spent his formative childhood years in Tanzania, before the family moved to Cupertino, California when he was a teenager. He laughs about what culture shock it was to go from sometimes not having reliable power supplies to the heart of Silicon Valley in a single move. Now a resident of Seattle, he has forged a successful career as an entrepreneur, CEO, and brand manager who currently works for STS Capital Partners and Altruvest Charitable Services. The idea of using his success and skills to give back to communities and those in need is one of his passions.
Shamil notes that 85% of charities are underserved, unknown, or working as pillars in communities but without necessary visibility and that during the pandemic 66% of these small charities either went under or entered financial difficulties. Altruvest started with having heavy hitter consultants and executives going into charities to help with governance to improve process and assist in the ability to run in a sustainable manner. He now works to bring entrepreneurs, corporations, and individuals into Altruvest to pair them with charities of their choice as board members to facilitate stable growth and sound practices.
In this episode of What CEOs Talk About, host Martin Hunter talks with Shamil Hargovan about their shared passion for investing in the business of nonprofits with time, energy, and support as well as money. They discuss how there is a perception that people don’t believe they have the skills to offer to a charity but that non-profit businesses are exactly that - businesses who still need finance experts, IT and marketing professionals, and leadership just as any other business does.
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