Social Impact BlogShowing posts in Investment
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.
Next week I hope many will join us in celebrating our many steps. Those who register will receive an advance copy of our second annual State of Social Enterprise in Central Ohio.
August provides us three opportunities to celebrate the energy, excitement, and innovation of social enterprise in Central Ohio.
Pipeline Angels Invest in Blendoor, an App that Focuses on Merit-based Hiring Practices Stephanie Lampkin launched her first startup during her years in business school. She spent two years of her life to put her concept to the test. When it became clear that the concept just wasn’t going to take off, she decided it […]
The environment for attracting capital to social enterprise is changing, and here are a number of new ways for social entrepreneurs to tap capital to launch their businesses.
Central Ohio is not yet able to tell an equivalent story of investment and accomplishment. We do not yet have investment funds focused on social enterprises nor have we compiled sufficient data to demonstrate the social benefit that investing in local social enterprise can produce.
Despite lacking a track record, Central Ohio has energy, involvement, and momentum. May provides an excellent opportunity to learn more. Four public events next month will feature local participants in social enterprise talking about their experiences in and expectations for social enterprise.
We baby boomers are now playing the role of facilitators. We need to pass the torch of leadership to the millennial generation. Yes, we boomers are the CEO’s, the executive directors, the investors, the donors, the advisors. But we are the source of knowledge and resources to facilitate the development of new companies, ideas, and organizations.The people creating those new companies, ideas, and organizations are truly the leaders, even though they rely on the baby boomers to make their dreams into reality.
The article notes that cynics will question the authenticity of the social impact, doubt the sincerity of being a social enterprise, or even question the ethics of BOGO. “Writing in The Journal of Consumer Psychology last year, a group of professors referred to the practice as ‘guilt laundering’.” I love the response from Bombas founders: “As far as people washing away their guilt, that’s fine….We’re doing something good with the purchase they’re making. If they feel good about themselves, great.” This is very realistic. Research has repeatedly demonstrated that charitable giving is motivated by emotion, and discouraged by over-thinking.