vik_c - 1:13 pm on Jan 26, 2012 (gmt 0)
Invest in emerging markets like India. No time like the present. The gap is narrowing fast between mobile penetration and internet penetration. Reliance Industries has a country-wide license for 4G internet and in less than two years time internet will be cheaper than water here.
Start an Angel investing fund to encourage innovation, preferably sector-agnostic. There's a lot of talent in America. Facebook, Twitter and Google are all from the US. I see people on forums who seem obviously talented compromising on hosting quality to save a few dollars. Give some funding generously and without red tape, on an organized large scale. We can't all create huge companies but there will be some value addition and a huge net gain.
Indulge in some philanthropy in health and education, specially.