social entrepreneurship and philanthrocapitalism
TRANSCRIPT
Social entrepreneurship
& philanthrocapitalism
:
The job descriptionand occupationalhazards of changingthe world.
carolynn duncan
The Job of a Social Entrepreneur
Recognize a social problem and use entrepreneurial principles to organize, create, and manage a venture to make social change.
Case Study: Majora Carter
She developed the first open-waterfront park in 60 years in the South Bronx, and scored $1.25
million for a greenway along the waterfront.
The Job of a Philanthrocapitalist:
Take concepts and techniques from venture capital finance and high technology business management and apply them to achieving philanthropic goals.
Case Study: Bill & Melinda Gates
The BMG Foundation manages 818 employees, an endowment of $33.5 billion, and has deployed $22.61 billion ($3.0 billion in 2009).
I will be spending the next 40+ years of my work life as an active social
entrepreneur and philanthrocapitalist.
I’m planning to tackle initiatives in economic and social/emotional
security:
Economic dev Family traumaUnemployment Child
abusePoverty Foster
childrenHomelessness Orphans Mental illness
the bad news:
it’s definitely not going to be easy...
Every world-changing initiative beings You vs. The World. These are not great odds: ranging from 1 to 1 combat (50%), up to 6 billion to 1
(a % too small to write!)
In a parking lot fight, the most likely outcome is
that you’ll get your ass kicked!
The Odds Are Stacked
No one pays you to change the world. You have
to be willing to work for free, in a position to work for free, and/or, willing to forgo benefits of getting paid: rent, food, car, phone,
movies, drinks out, vacations, financial flexibility, security— at least while you’re getting
started.
The (Financial) Pay Sucks
We get attached to the way things are. Change
disrupts our stability for an unknown period of time, which we dislike very much-- even if it improves our situation long term. And
because we don’t like being uncomfortable, we don’t always like people who shake things up.
People Don’t Always Like You
Once shaken up, we never return to our prior
state. Trading what we know we like, for something we're not sure we'll like, bringsthe threat of loss if things blow up. The
lowest common demonimator response is, why
risk blowing things up?
Change Is Risky
the dark side of change:
instabilitydissonance & ambiguity
awareness of painful realitiesanxiety and uncertainty
failure & blameloss & grief
the end
so if changing the world is so risky and painful,
why bother?
Remember those problems mentioned earlier?
Economic dev Family traumaUnemployment Child
abusePoverty Foster
childrenHomelessness OrphansMental illness
…they’re real, and they’re very compelling.
through social initiatives, we can address and solve these problems, on a case-by-case
basis.
An orphan finding a family.
An unemployed person finding a meaningful job.
An abuse victim becoming at peace.
gifts of change:
agilityunlimited potential
new strength, capacityfreedom from the way things
weremomentum & enthusiasm
space to explorea new reality
though risky, social change allows us to use current
resources to create new solutions,
that end old problems
It is possible to change the world, and it’s a job worth
doing.
