Patient Capital: A New Asset Class (Jacqueline Novogratz, Acumen Fund)

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Jacqueline Novogratz of Acumen Fund presents at SOCAP10 on 'Patient Capital: A New Asset Class'

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Patient Capital: A New Asset Class (Jacqueline Novogratz, Acumen Fund)

  1. 1. Patient Capital: A New Asset Class JACQUELINE NOVOGRATZ, ACUMEN FUND
  2. 2. In the Beginning
  3. 3. A New Breed of Businesses
  4. 4. 1989 2001 Root Capital SEAF 1994 1999 Aavishkar Acumen FundE + Co 2010
  5. 5. 1) Better Segmentation of the Marketplace Monitor Institute
  6. 6. Number of Husk Power plants 1 4 8 33 51 33 8 43 111 TotalAug 10Mar 10Sept 09Mar 09July 08Mar 08Aug 07 First two plants built using Gyanesh’s 401k savings First wave of prize money used to build additional plant provides initial financing assists in bringing on board Indian government grants a capital subsidy introduced to Husk at Global Venture Challenge Husk becomes viable investment option for Acumen Acume leads $1.2 m investment with DFJ And provides additional financing 4 Multiple sources of capital are needed to build and accelerate new markets for the poor
  7. 7. 2) Standard metrics that measure social as well as financial impact
  8. 8. Protect Social Goals at SCALE3) A deeper understanding of trade-offs and incentives to protect social goals and efficiencies as innovations scale
  9. 9. 4) A powerful focus on policy
  10. 10. 5) Talent
  11. 11. Getty Images
  12. 12. EPA/Peter Foley

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