The future of social entrepreneurship & crowd funding

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David Smuts, Social Entrepreneur on a mission to empower people, F ounder and CEO of Elexu which is a social network that meshes online competitions with reality TV to help provide people with access to the requisite funding, information or contacts they need to pursue whatever aspiration they have. His life experiences include being a psychotherapist, a political advisor, business executive and chairman of the South African chamber of commerce in London.

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The future of social entrepreneurship & crowd funding

  1. 1. THE FUTURE OF CROWD FUNDING <br />&<br />SOCIAL ENTREPRISE<br />Yoomoot<br />Change the World Gathering<br />1st September 2011 London<br />
  2. 2. INTRO<br />TERMINOLOGY<br />7 CONCEPTS AROUND SOCIAL ENTERPRISE<br />THE FUTURE<br />SUMMARY<br />
  3. 3. e<br />l<br />e<br />x<br />u<br />Empowering People<br />
  4. 4. SO WHAT IS ELEXU? (pronounced: “elects you!”)<br />A social movement and a network of people working together to make the world a better place<br />SO WHAT IS ELEXU?<br />A social network which meshes online competitions (endowments) with reality TV. <br />
  5. 5. OUTPUT<br />elexu.com<br />
  6. 6. A BRIEF MOMENT ABOUT TERMINOLOGY HERE PLEASE!<br />
  7. 7. CHANGE THE WORLD<br />
  8. 8. VC Jeff asks the entrepreneur:<br />“So Brad, tell me how are you guys going to change the world?”<br />
  9. 9. REALITY CHECK<br />VC JEFF’S VIEW OF THE WORLD IS ALREADY FIRMLY ESTABLISHED<br />HE LIKES HIS WOLRD AND DOESN’T REALLY WANT IT CHANGED<br />HE’S JUST ASKING THIS TO BE POLITE<br />
  10. 10. ALL HE WANTS IS A PRODUCT WHICH IS PROVEN<br />
  11. 11. WITH THE OBJECT OF MAKING HIM A TONNE OF MONEY (homerun)<br />
  12. 12. JEFF’S WORLD IS JUST FINE THANK YOU VERY MUCH!<br />He doesn’t want to change the world dude<br />
  13. 13. CHAGING THE WORLD DOES NOT MEAN:<br />CONQUERING THE WORLD<br />OR GLOBAL DOMINATION<br />
  14. 14. TO CHANGE THE WORLD, ONE MUST:<br />Look at it through the eyes of a child<br />See what needs changing<br />Visualise an alternative future<br />
  15. 15. AND DO SOMETHING ABOUT IT!<br />
  16. 16. “REALTIME”<br />
  17. 17. THERE’S NOTHING MORE REAL TIME...,<br />THAN LOOKING AT YOUR WORLD AND DOING SOMETHING ABOUT IT<br />RIGHT NOW!<br />
  18. 18. “DISRUPTION”<br />
  19. 19. We live in a disrupted world already<br />DISRUPTION<br />Let’s change it<br />
  20. 20. “SOCIAL”<br />
  21. 21. “SOCIAL<br />NETWORK”<br />
  22. 22. Where the F is the Social in this?<br />
  23. 23. “CROWD<br />FUNDING”<br />
  24. 24.
  25. 25.
  26. 26. “SOCIAL<br />ENTERPRISE”<br />
  27. 27. A SOCIAL ENTERPRISE is an ORGANISATION that applies CAPITALISTIC STRATEGIES (profit) to achieving PHILANTHROPIC GOALS (outcomes)<br />
  28. 28. “SOCIAL<br />ENTREPRENEUR”<br />
  29. 29. We’re a bunch of weird tree hugging hippies<br />
  30. 30. or lost youth<br />
  31. 31. “SOCIAL<br />INVESTOR”<br />
  32. 32. Angels who have seen our vision and have come to help those in need!<br />
  33. 33. WAKE UP<br />DUDE!<br />
  34. 34.
  35. 35. there are no “Angels” in the investment world baby!<br />
  36. 36. only investors<br />who want to make a decent return on their money<br />
  37. 37. “CHARITY”<br />
  38. 38. QUIZ:<br />A charity is?<br />
  39. 39. QUIZ:<br />Which organisation is more “social”?<br />
  40. 40. THE THREE PILLARS<br />CONCEPT #1<br />
  41. 41. 1. Resources<br />MONEY ( MONEY’S KIND)<br />EQUIPMENT/TOOLS<br />PRODUCTS<br />SERVICES<br />
  42. 42. 2. Information<br />KNOW-HOW<br />LEGAL/DOCUMENTS<br />STATISTICS/FACTS<br />TRUTH <br />
  43. 43. 3. Contacts<br />SUPPORTERS/HELPERS/FRIENDS<br />MENTORS/ADVISORS/ROLE MODELS<br />PEERS/PROFESSIONALS/EXPERTS<br />BELIEVERS<br />
  44. 44. The PROBLEM<br />Access to the pillars is restricted<br />
  45. 45. CONTROLLED ACCESS BY INVITATION ONLY<br />THE OLD BOYS CLUB<br />
  46. 46. DESIGNED TO EXCLUDE YOU<br />
  47. 47. DESIGNED TO MAKE THESE GUYS RICH<br />
  48. 48. “CHANGE” WILL ONLY HAPPEN ONCE WE ARE ABLE TO FACILITATE WIDER ACCESS TO THE THREE PILLARS (for the masses)<br />
  49. 49. WHO ARE WE DOING THIS FOR?<br />EVERYONE IN THE WORLD<br />
  50. 50. CONCEPT #2<br />The consumer-citizen<br />
  51. 51. Is This What We Want?<br />
  52. 52. RECIPRICOCITY<br />CONCEPT #3<br />
  53. 53. Sharing<br />& fair exchange<br />
  54. 54. See our contribution<br />at work<br />
  55. 55. every action<br />has a reaction<br />
  56. 56. good<br />
  57. 57. bad<br />
  58. 58.
  59. 59. TRANSPARENCY<br />CONCEPT #4<br />
  60. 60.
  61. 61. Transparency = Risk<br />
  62. 62. CONCEPT #5<br />LEADERS & FOLLOWERS<br />
  63. 63. LEADERSHIP=RISK<br />
  64. 64. LEADERSHIP IS NEVER EASY<br />FIRST THEY IGNORE YOU<br />THEN LAUGH AT YOU<br />THEN HATE YOU<br />THEN THEY FIGHT YOU<br />AND THEN YOU WIN!<br />
  65. 65. CONCEPT #6<br />OPPOSITION<br />
  66. 66. BE PREPARED FOR BATTLE<br />SOMETIMES YOU HAVE TO FIGHT FOR THINGS WHICH ARE IMPORTANT TO YOU!<br />
  67. 67. SOMETIMES IT WILL FEEL LIKE....,<br />You’re walking up a mountain<br />Butt naked and cold<br />With a rope tied around your neck<br />
  68. 68. YOU’RE NOT ALONE!<br />PEOPLE POWER<br />
  69. 69.
  70. 70. CONCEPT #7<br />DARWIN’S<br />THEORY<br />
  71. 71. species adapt<br />
  72. 72. or they die<br />
  73. 73. dinosaurs will die out<br />
  74. 74. people are evolving<br />
  75. 75.
  76. 76. the world<br />is changing<br />
  77. 77. get on board<br />
  78. 78. The Future<br />Business becoming more charitable & more “social”<br />Charities becoming more business like & more efficient<br />Social Enterprises on the increase (more impact & use of technology)<br />More engaged, activist and informed Consumer-Citizen<br />Crowd Funding evolving to be more “social” , Reciprocal & entertaining<br />Fewer & bigger crowd funding platforms<br />Reality TV becoming more real<br />Status quo being challenged<br />Elexu launching in a town or village near you! (London as a hub of social enterprise)<br />
  79. 79. SO HERE WE ARE ON OUR JOURNEY TO CHANGE THE WORLD<br />WHERE NEXT?<br />WILL YOU JOIN US?<br />

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