Sophie Schmidt is looking to build her own big name in tech.
In May, the daughter of Eric Schmidt, the multibillionaire former chief executive and executive chairman of Alphabet Inc.’s Google, launched Rest of World, a journalism startup focused on technology and its impact on countries that get little or no tech news coverage.
She has already invested $6 million out of a family trust into the nonprofit and said she is committed to spending as much as $60 million over the next decade to sustain and expand the site and shine a light on technology’s impact beyond developed Western countries.
“This is my life’s project,” the 33-year-old Ms. Schmidt said in an interview. “There are three or four billion people who live in markets that are deemed not important enough to address, so there is just a huge gap in understanding what is going on in the rest of the world.”
The site has hired about 30 people—roughly two-thirds as full-time staffers—and has begun producing long-form pieces on efforts to digitize once-secret KGB files in the former Soviet Union and the use of Zoom to mete out justice, including the death penalty, in Nigeria.