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Can We Make Money and Make a Difference? The Promise of Social Entrepreneurship Presented by: Craig Isakow [email protected]

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Page 1: Can We Make Money and Make a Difference? · Entrepreneur => Social Entrepreneur ... •Established/Startups •Distributors •Service Providers •Architects •Builders •Contractors

Can We Make Moneyand Make aDifference?

The Promise of SocialEntrepreneurship

Presented by:Craig [email protected]

Page 2: Can We Make Money and Make a Difference? · Entrepreneur => Social Entrepreneur ... •Established/Startups •Distributors •Service Providers •Architects •Builders •Contractors

Discussion: How Best to MakeYour Impact?

Case Study: Opportunities inClean Technology

Page 3: Can We Make Money and Make a Difference? · Entrepreneur => Social Entrepreneur ... •Established/Startups •Distributors •Service Providers •Architects •Builders •Contractors

Source: http://www.oikos-international.org/fileadmin/oikos-international/Resources/Presentation_SocialEntrepr_OIKOS_final.pdf

What Are Some Examples ofEach Type of Business?

Page 4: Can We Make Money and Make a Difference? · Entrepreneur => Social Entrepreneur ... •Established/Startups •Distributors •Service Providers •Architects •Builders •Contractors

Source: http://www.oikos-international.org/fileadmin/oikos-international/Resources/Presentation_SocialEntrepr_OIKOS_final.pdf

What Are Some Examples ofEach Type of Business?

Page 5: Can We Make Money and Make a Difference? · Entrepreneur => Social Entrepreneur ... •Established/Startups •Distributors •Service Providers •Architects •Builders •Contractors

What is a societal wealthventure? A business designed to profitably attack a social

problem On a scale that has meaningful societal impact Objective is to create a virtuous cycle

“Social entrepreneurs are not content just to give afish, or teach how to fish. They will not rest until theyhave revolutionized the fishing industry” -Bill Drayton, Ashoka

Source: Ian MacMillan, Wharton School

Page 6: Can We Make Money and Make a Difference? · Entrepreneur => Social Entrepreneur ... •Established/Startups •Distributors •Service Providers •Architects •Builders •Contractors

Ashoka’s Examples of LeadingHistorical Social Entrepreneurs Susan B. Anthony (U.S.): Fought for Women's Rights in the United

States, including the right to control property and helped spearheadadoption of the 19th amendment.

Vinoba Bhave (India): Founder and leader of the Land GiftMovement, he caused the redistribution of more than 7,000,000acres of land to aid India's untouchables and landless.

Dr. Maria Montessori (Italy): Developed the Montessori approach toearly childhood education.

Florence Nightingale (U.K.): Founder of modern nursing, sheestablished the first school for nurses and fought to improve hospitalconditions.

Margaret Sanger (U.S.): Founder of the Planned ParenthoodFederation of America, she led the movement for family planningefforts around the world.

John Muir (U.S.): Naturalist and conservationist, he established theNational Park System and helped found The Sierra Club.

Page 7: Can We Make Money and Make a Difference? · Entrepreneur => Social Entrepreneur ... •Established/Startups •Distributors •Service Providers •Architects •Builders •Contractors

Social Entrepreneurship Focuses onthe World’s Most Pressing Issues

Page 8: Can We Make Money and Make a Difference? · Entrepreneur => Social Entrepreneur ... •Established/Startups •Distributors •Service Providers •Architects •Builders •Contractors

Do All Entrepreneurs Pursue“Social Entrepreneurship”?

Page 9: Can We Make Money and Make a Difference? · Entrepreneur => Social Entrepreneur ... •Established/Startups •Distributors •Service Providers •Architects •Builders •Contractors

Discussion: How Best to MakeYour Impact?

Case Study: Opportunities inClean Technology

Page 10: Can We Make Money and Make a Difference? · Entrepreneur => Social Entrepreneur ... •Established/Startups •Distributors •Service Providers •Architects •Builders •Contractors

Source: http://www.oikos-international.org/fileadmin/oikos-international/Resources/Presentation_SocialEntrepr_OIKOS_final.pdf

Which Path Is Right for You?

Page 11: Can We Make Money and Make a Difference? · Entrepreneur => Social Entrepreneur ... •Established/Startups •Distributors •Service Providers •Architects •Builders •Contractors

Additional Ways to GetInvolved Entrepreneur => Social Entrepreneur Venture Capital => Venture Philanthropy Private Equity Funds => Triple Bottom Line

Funds Mutual fund => Funds with Social Responsible

Companies only (ex tobacco and other sins) Vault.com => Bridgestar Consulting => Nonprofit Consulting

Page 12: Can We Make Money and Make a Difference? · Entrepreneur => Social Entrepreneur ... •Established/Startups •Distributors •Service Providers •Architects •Builders •Contractors

Growing Investment in Clean TechCreates Opportunities

Source: http://www.e2.org/ext/doc/CleantechReport2007.pdf

Page 13: Can We Make Money and Make a Difference? · Entrepreneur => Social Entrepreneur ... •Established/Startups •Distributors •Service Providers •Architects •Builders •Contractors

Clean Tech Encompasses aWide Range of Industries

Source: http://www.e2.org/ext/doc/CleantechReport2007.pdf

Page 14: Can We Make Money and Make a Difference? · Entrepreneur => Social Entrepreneur ... •Established/Startups •Distributors •Service Providers •Architects •Builders •Contractors

Summer Internship Experience

Page 15: Can We Make Money and Make a Difference? · Entrepreneur => Social Entrepreneur ... •Established/Startups •Distributors •Service Providers •Architects •Builders •Contractors

Where Can I Focus My Efforts, MakeMoney and Make a Difference?

Page 16: Can We Make Money and Make a Difference? · Entrepreneur => Social Entrepreneur ... •Established/Startups •Distributors •Service Providers •Architects •Builders •Contractors
Page 17: Can We Make Money and Make a Difference? · Entrepreneur => Social Entrepreneur ... •Established/Startups •Distributors •Service Providers •Architects •Builders •Contractors

Constructive Ventures Seeks to Make a Market that WillAccelerate the Adoption of Sustainable Building Practices

•Manufacturers•International/Domestic•Established/Startups

•Distributors•Service Providers

•Architects•Builders•Contractors•Distributors•Government•End users

•Marketers pay to post information about their products, and get leads•Buyers come to the site to get information on green products•Buyers can also post RFQs to encourage suppliers to contact them•Trade shows bring together buyers and sellers

Green Building Materials Sellers

Green Building Materials Buyers

•On-line marketplace•Live trade shows andseminars

Page 18: Can We Make Money and Make a Difference? · Entrepreneur => Social Entrepreneur ... •Established/Startups •Distributors •Service Providers •Architects •Builders •Contractors

Additional Sources Books/Articles

New Venture Creation, Timmons/ Spinelli 2004 How to Change the World, David Bornstein The Fortune at the Bottom of the Pyramid, C.K. Prahalad The Clean Tech Revolution, Ron Pernick and Clint Wilder Natural Capitalism, Paul Hawken, Amory and L. Hunter Lovins The Triple Bottom Line, Andrew Savitz

Websites http://www.wep.wharton.upenn.edu/research/societalWealth.html http://www.ashoka.org/ http://www.changemakers.net http://www.clintonglobalinitiative.org/ http://www.bridgespangroup.org/ http://www.technoserve.org/