Now the Good News...Venture philanthropy. Patient capital. For-benefit corporations. What if you could actually make a profit while changing the world?
| December 6, 2007 |  View for printing |
The problem with trying to change the world is there's no money in it. That's pat and arch, of course, but also mostly true. A for-profit technology startup wins seed capital, then venture funding and an IPO windfall, in exchange for a piece of the likely future action. Meanwhile, most social entrepreneurs attack daunting education, environmental, and health problems in hand-to-mouth mode, seeking alms and living off their wits. As an operating strategy, it works, but just barely. Though some $300 billion floods into the U.S. philanthropic world each year, it flows jerkily, with uncertain reason and, too often, unknown effect.
By: Keith H. Hammonds
Full Story: http://www.fastcompany.com/magazine/ ... d-news.html
(Many thanks to http://www.nasvf.org for passing this along. Russ)
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