Recent HBS study: over 1.4 Million Non-profits. That doesn’t even include the thousands of for-profit social enterprises. If we look at the Census data for social entrepreneurship, we’d estimate about 1 Million for profits.
A traditional maxim for choosing companies to back. Early stage, back jockeys, later stage, back horses.
Another maxim for picking winners. Of the three, Character counts most, then competence, then confidence.
Have you heard this one?
Autonomy: A deep respect for the individuals or groups being served, not just people we are trying to help.
Real choices. More than just to participate or not
The only way to truly close the loop
Training is the foundation of self-efficay
Number of repetitions allowed to build mastery
Respect for the past
Rich details about current plans and challenges
Realistic expectations and timelines for the future
Passion. A sense of calling
A clear direction
Character and identity
Paul Godfrey Presentation at SECFC13
How to invest for impact: Picking Winners
Paul C. Godfrey
William and Roceil Low Professor of Business Strategy
Marriott School of Management
Social Enterprise Crowd Funding Conference