Social Impact BlogShowing posts in Investment
On August 15, 2017, SocialVentures (formerly the Center for Social Enterprise Development), joined by social entrepreneurs, funders and community partners, celebrated its third year, which included the launch of the organization’s new name and brand, SocialVentures. During the organization’s annual Positioned to Prosper event at the Columbus Museum of Art, SocialVentures’ President and CEO, Allen […]
Starting today and continuing through August 15 we will be rolling out the exciting changes to the Center for Social Enterprise Development. Today you are receiving our first blog under our new name, SocialVentures. Our new website www.socialventurescbus.com will go live August 15. There you will see many valuable new features such as the social […]
I am thrilled to announce that Social Ventures Fund, LLC had its first close and has come into formation. It will remain open for new investors for the next 18 months. This is a great opportunity for individuals, family funds, and companies to extend their philanthropy into their investment portfolio.
I welcome the number of efforts to recognize and encourage companies to do good in the community. Many labels are being created, yet it would be a mistake to make qualifying for a particular label the criterion for being considered a good company.
Central Ohio is getting on the map when one of the oldest social impact investors in the U.S., RSF Social Finance, cold calls the Center for Social Enterprise Development to ask to be introduced to our most dynamic local social enterprises and to some of our major local players.
While the “home run” of helping to found the next “google” is a worthy goal, it is more probable that a series of “singles” to found and support small, local “lifestyle” businesses may contribute more to increasing prosperity and reducing poverty in our community.
Charitable giving as a share of nonprofit revenues in the U.S. has declined each year since 2008, reaching down to just 21 percent of nonprofit revenues by 2012. This decline has two causes: the inability of charitable giving to keep up and the decision by more nonprofits to develop new sources of earned revenue, often through social enterprise.
I have to believe that encouraging both men and women to work jointly to start and invest in social enterprise will be more successful than creating gender-isolated programs. While high tech has enough single-gender momentum to need some gender catch up, social enterprise is still young enough for us to build gender diversity from the ground up. Let’s work to make that happen!
Equity crowdfunding seems to be worthwhile to those companies that have already mastered reward crowdfunding. Few local social entrepreneurs have been successful in reward crowdfunding.
We are partnering with Cardinal Health’s management development program called LEAD to evaluate the community’s need and desire to address this problem and to assess the technical challenges and demands of such an undertaking before we start fundraising for the project.