The document discusses bringing sustainability into capitalism by funding entrepreneurs through alternative models like Entrepreneur Commons. It summarizes that traditional venture capital and angel investment processes focus too much on high returns and are inefficient. Entrepreneur Commons aims to support more entrepreneurs by drawing from microfinance and mutual guarantee funds, providing funding and support to more startups through collaboration rather than competition. The goal is to foster social capital and serve communities in addition to profit.
Ashoka’s network exists to grow the impact of social entrepreneurs and get us closer to an Everyone a Changemaker world. Ashoka Fellows highlight the following as the most significant benefits they get from the network.
Nahdet El Mahrousa’s (NM) flagship program, Incubator of Early-stage Innovative Social Enterprises, has officially opened its 5th Round of incubation and the 2nd this year and we’re very excited for what’s to come!
Startup Community Alchemy: A Model for Building An Entrepreneurial EcosytemSeed Here Studio
This model is a work-in-progress being developed to help formulate a model to implement real world strategies towards growing an entrepreneurial ecosystem/community in a place not necessarily known for such things.
It is based on research and real world success in New Orleans, Omaha, Kansas City, Boulder, Nashville and Des Moines and is currently being lab tested in the Cedar Rapids/Iowa City region of Iowa. It is meant to be a broad based model that can be used to implement location-specific solutions that takes into account local resources and conditions in the particular city.
Feedback, constructive criticism and comments are welcome and encouraged.
We are available to present, share or discuss this at your event, organization, conference or individually.
Please feel free to contact us.
Andy Stoll
Co-Founder, Seed Here Studio
andy@seedhere.org
You can find more information on this topic at www.andystoll.net/startupculture and by reading Brad Feld's book Startup Communities.
This lecture describes different types of business structures. We discuss some of the early questions that an entrepreneur must ask before committing to a business:
* Will your business be a for-profit enterprise, a not-for-profit or somewhere in between?
* What are the different requirements and resources necessary for your selected enterprise model?
* What type of financing should you target: equity, debt, grant funding or a combination of all three?
3 Ways Acumen Fund is eliminating poverty - and how you can helpClay Hebert
The Acumen Fund is using patient capital to help build sustainable businesses to combat poverty.
Vote for us and the $5,000 prize will be donated directly to the Acumen Fund.
Ashoka’s network exists to grow the impact of social entrepreneurs and get us closer to an Everyone a Changemaker world. Ashoka Fellows highlight the following as the most significant benefits they get from the network.
Nahdet El Mahrousa’s (NM) flagship program, Incubator of Early-stage Innovative Social Enterprises, has officially opened its 5th Round of incubation and the 2nd this year and we’re very excited for what’s to come!
Startup Community Alchemy: A Model for Building An Entrepreneurial EcosytemSeed Here Studio
This model is a work-in-progress being developed to help formulate a model to implement real world strategies towards growing an entrepreneurial ecosystem/community in a place not necessarily known for such things.
It is based on research and real world success in New Orleans, Omaha, Kansas City, Boulder, Nashville and Des Moines and is currently being lab tested in the Cedar Rapids/Iowa City region of Iowa. It is meant to be a broad based model that can be used to implement location-specific solutions that takes into account local resources and conditions in the particular city.
Feedback, constructive criticism and comments are welcome and encouraged.
We are available to present, share or discuss this at your event, organization, conference or individually.
Please feel free to contact us.
Andy Stoll
Co-Founder, Seed Here Studio
andy@seedhere.org
You can find more information on this topic at www.andystoll.net/startupculture and by reading Brad Feld's book Startup Communities.
This lecture describes different types of business structures. We discuss some of the early questions that an entrepreneur must ask before committing to a business:
* Will your business be a for-profit enterprise, a not-for-profit or somewhere in between?
* What are the different requirements and resources necessary for your selected enterprise model?
* What type of financing should you target: equity, debt, grant funding or a combination of all three?
3 Ways Acumen Fund is eliminating poverty - and how you can helpClay Hebert
The Acumen Fund is using patient capital to help build sustainable businesses to combat poverty.
Vote for us and the $5,000 prize will be donated directly to the Acumen Fund.
The concept of Karma basically builds on the notion that if you do good, good things will happen to you. But, in what way does this conflict with a share holder perspective of business? Can you really do good at the same time you do well?
The answer is to move to “social business”. The model promotes both economic and social value with core business solutions; a core business with social responsibilities which are built in rather than added in as an afterthought.
Likewise the concept of Karma, "social business" generates profits, but the main objective is not to maximize financial returns to shareholders. Instead, benefit financially disadvantaged groups in society and grow the social risk through reinvestment, allowing the venture reach more disadvantaged people. Various entrepreneurs, such as Muhammad Yunus, with the Grameen Phone venture, and Grameen Danone Food can provide potential lessons for business and social development in addressing the lack of market participation of the world’s poorest.
Presentación de Luis Rivera para la jornada "Financiación de empresas digitales" celebrada el pasado 14 de diciembre de 2011 en Madrid.
Organizada por ICEX, Plan Avanza, Vendes en Internet? y adigital.
Know Me, Like Me, Follow Me (Book Excerpt)Jon Hansen
Book Excerpt from Know Me, Like Me, Follow Me by Penny Power
Chapter 2 - A Changing World - The Individual Capitalist
If you think simply having a presence in social media will help you grow your business, you are wrong. Online networks are the new model for creating connections, so you'd better start by ditching your old ways of thinking. Being online is not about the technology - it is about the people. Technology is just the enabler. Forming deep relationships and being part of a community where you get out what you put in, lies at the heart of understanding this developing medium.
In the new book "Know Me, Like Me, Follow Me," Ecademy founders Penny and Thomas Power take you on a journey into the online business world. A world in which Ecademy having started out on the shared belief that there must be a better way for business people to meet, connect and help one another solve problems and expand their businesses, has today grown to a membership of more than a quarter of a million, spanning over 200 countries.
Know Me, Like Me, Follow Me will refresh your thinking and help you truly understand the business opportunities that exist within social media, and how best to exploit them. Whether you are a multinational or an owner-manager, developing your online brand in the right way is key to making the most of the new business environment.
Link to Live interview with Thomas Power (July 22, 2009): http://www.blogtalkradio.com/Jon-Hansen/2009/07/22/Know-Me-Like-Me-Follow-Me-Your-Business-and-Social-Media
The Social Intrapreneurs - A Guide by SustainAbility, IDEO, Skoll, AllianzSustainable Brands
Published in partnership with The Skoll Foundation, Allianz and IDEO, the report presents a field guide to the world of social intrapreneurship – its challenges and opportunities – and draws on in-depth research undertaken by SustainAbility in twenty leading global corporations.
Building on SustainAbility’s earlier research into social enterprise, the field guide spotlights a new breed of social entrepreneur within big business – the social intrapreneur. These corporate changemakers work inside big business, often against the prevailing status quo, to innovate and deliver market solutions to some of the world’s most pressing social and environmental challenges.
This PowerPoint was presented during a Maymester class at EARTH University in Costa Rica 2009. The purpose of the presentation is to share some interesting facts, partnership, similarities and differences associated with entrepreneurship, social entrepreneurship, social enterprise, and philanthropy. It was created to stimulate thought and discussion on the subject of economic and social return on investment.
NO1 Uk Divorce problem uk all amil baba in karachi,lahore,pakistan talaq ka m...Amil Baba Dawood bangali
Contact with Dawood Bhai Just call on +92322-6382012 and we'll help you. We'll solve all your problems within 12 to 24 hours and with 101% guarantee and with astrology systematic. If you want to take any personal or professional advice then also you can call us on +92322-6382012 , ONLINE LOVE PROBLEM & Other all types of Daily Life Problem's.Then CALL or WHATSAPP us on +92322-6382012 and Get all these problems solutions here by Amil Baba DAWOOD BANGALI
#vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore#blackmagicformarriage #aamilbaba #kalajadu #kalailam #taweez #wazifaexpert #jadumantar #vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore #blackmagicforlove #blackmagicformarriage #aamilbaba #kalajadu #kalailam #taweez #wazifaexpert #jadumantar #vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore #Amilbabainuk #amilbabainspain #amilbabaindubai #Amilbabainnorway #amilbabainkrachi #amilbabainlahore #amilbabaingujranwalan #amilbabainislamabad
The concept of Karma basically builds on the notion that if you do good, good things will happen to you. But, in what way does this conflict with a share holder perspective of business? Can you really do good at the same time you do well?
The answer is to move to “social business”. The model promotes both economic and social value with core business solutions; a core business with social responsibilities which are built in rather than added in as an afterthought.
Likewise the concept of Karma, "social business" generates profits, but the main objective is not to maximize financial returns to shareholders. Instead, benefit financially disadvantaged groups in society and grow the social risk through reinvestment, allowing the venture reach more disadvantaged people. Various entrepreneurs, such as Muhammad Yunus, with the Grameen Phone venture, and Grameen Danone Food can provide potential lessons for business and social development in addressing the lack of market participation of the world’s poorest.
Presentación de Luis Rivera para la jornada "Financiación de empresas digitales" celebrada el pasado 14 de diciembre de 2011 en Madrid.
Organizada por ICEX, Plan Avanza, Vendes en Internet? y adigital.
Know Me, Like Me, Follow Me (Book Excerpt)Jon Hansen
Book Excerpt from Know Me, Like Me, Follow Me by Penny Power
Chapter 2 - A Changing World - The Individual Capitalist
If you think simply having a presence in social media will help you grow your business, you are wrong. Online networks are the new model for creating connections, so you'd better start by ditching your old ways of thinking. Being online is not about the technology - it is about the people. Technology is just the enabler. Forming deep relationships and being part of a community where you get out what you put in, lies at the heart of understanding this developing medium.
In the new book "Know Me, Like Me, Follow Me," Ecademy founders Penny and Thomas Power take you on a journey into the online business world. A world in which Ecademy having started out on the shared belief that there must be a better way for business people to meet, connect and help one another solve problems and expand their businesses, has today grown to a membership of more than a quarter of a million, spanning over 200 countries.
Know Me, Like Me, Follow Me will refresh your thinking and help you truly understand the business opportunities that exist within social media, and how best to exploit them. Whether you are a multinational or an owner-manager, developing your online brand in the right way is key to making the most of the new business environment.
Link to Live interview with Thomas Power (July 22, 2009): http://www.blogtalkradio.com/Jon-Hansen/2009/07/22/Know-Me-Like-Me-Follow-Me-Your-Business-and-Social-Media
The Social Intrapreneurs - A Guide by SustainAbility, IDEO, Skoll, AllianzSustainable Brands
Published in partnership with The Skoll Foundation, Allianz and IDEO, the report presents a field guide to the world of social intrapreneurship – its challenges and opportunities – and draws on in-depth research undertaken by SustainAbility in twenty leading global corporations.
Building on SustainAbility’s earlier research into social enterprise, the field guide spotlights a new breed of social entrepreneur within big business – the social intrapreneur. These corporate changemakers work inside big business, often against the prevailing status quo, to innovate and deliver market solutions to some of the world’s most pressing social and environmental challenges.
This PowerPoint was presented during a Maymester class at EARTH University in Costa Rica 2009. The purpose of the presentation is to share some interesting facts, partnership, similarities and differences associated with entrepreneurship, social entrepreneurship, social enterprise, and philanthropy. It was created to stimulate thought and discussion on the subject of economic and social return on investment.
NO1 Uk Divorce problem uk all amil baba in karachi,lahore,pakistan talaq ka m...Amil Baba Dawood bangali
Contact with Dawood Bhai Just call on +92322-6382012 and we'll help you. We'll solve all your problems within 12 to 24 hours and with 101% guarantee and with astrology systematic. If you want to take any personal or professional advice then also you can call us on +92322-6382012 , ONLINE LOVE PROBLEM & Other all types of Daily Life Problem's.Then CALL or WHATSAPP us on +92322-6382012 and Get all these problems solutions here by Amil Baba DAWOOD BANGALI
#vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore#blackmagicformarriage #aamilbaba #kalajadu #kalailam #taweez #wazifaexpert #jadumantar #vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore #blackmagicforlove #blackmagicformarriage #aamilbaba #kalajadu #kalailam #taweez #wazifaexpert #jadumantar #vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore #Amilbabainuk #amilbabainspain #amilbabaindubai #Amilbabainnorway #amilbabainkrachi #amilbabainlahore #amilbabaingujranwalan #amilbabainislamabad
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
how can I sell my pi coins for cash in a pi APPDOT TECH
You can't sell your pi coins in the pi network app. because it is not listed yet on any exchange.
The only way you can sell is by trading your pi coins with an investor (a person looking forward to hold massive amounts of pi coins before mainnet launch) .
You don't need to meet the investor directly all the trades are done with a pi vendor/merchant (a person that buys the pi coins from miners and resell it to investors)
I Will leave The telegram contact of my personal pi vendor, if you are finding a legitimate one.
@Pi_vendor_247
#pi network
#pi coins
#money
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
Latino Buying Power - May 2024 Presentation for Latino CaucusDanay Escanaverino
Unlock the potential of Latino Buying Power with this in-depth SlideShare presentation. Explore how the Latino consumer market is transforming the American economy, driven by their significant buying power, entrepreneurial contributions, and growing influence across various sectors.
**Key Sections Covered:**
1. **Economic Impact:** Understand the profound economic impact of Latino consumers on the U.S. economy. Discover how their increasing purchasing power is fueling growth in key industries and contributing to national economic prosperity.
2. **Buying Power:** Dive into detailed analyses of Latino buying power, including its growth trends, key drivers, and projections for the future. Learn how this influential group’s spending habits are shaping market dynamics and creating opportunities for businesses.
3. **Entrepreneurial Contributions:** Explore the entrepreneurial spirit within the Latino community. Examine how Latino-owned businesses are thriving and contributing to job creation, innovation, and economic diversification.
4. **Workforce Statistics:** Gain insights into the role of Latino workers in the American labor market. Review statistics on employment rates, occupational distribution, and the economic contributions of Latino professionals across various industries.
5. **Media Consumption:** Understand the media consumption habits of Latino audiences. Discover their preferences for digital platforms, television, radio, and social media. Learn how these consumption patterns are influencing advertising strategies and media content.
6. **Education:** Examine the educational achievements and challenges within the Latino community. Review statistics on enrollment, graduation rates, and fields of study. Understand the implications of education on economic mobility and workforce readiness.
7. **Home Ownership:** Explore trends in Latino home ownership. Understand the factors driving home buying decisions, the challenges faced by Latino homeowners, and the impact of home ownership on community stability and economic growth.
This SlideShare provides valuable insights for marketers, business owners, policymakers, and anyone interested in the economic influence of the Latino community. By understanding the various facets of Latino buying power, you can effectively engage with this dynamic and growing market segment.
Equip yourself with the knowledge to leverage Latino buying power, tap into their entrepreneurial spirit, and connect with their unique cultural and consumer preferences. Drive your business success by embracing the economic potential of Latino consumers.
**Keywords:** Latino buying power, economic impact, entrepreneurial contributions, workforce statistics, media consumption, education, home ownership, Latino market, Hispanic buying power, Latino purchasing power.
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Falcon Invoice Discounting: Optimizing Returns with Minimal Risk
Socap2008 With Comments
1. bringing sustainability into capitalism
Muhammad Yunus in his book creating a world without poverty explains how he thinks
capitalism is a half developed structure, because it assumes that people are one
dimensional beings only concerned about maximizing profit for themselves. And the theory
behind free markets is that the best way you can contribute to society and to the world is by
doing just that, getting the most for yourself.
However it is not working, and I believe the reason why we are seeing the current crisis in
Wall Street is because of this conceptual failure, because people are not one-dimensional
beings, they have many other interests beyond maximizing profit, and they have many other
needs.
The Entrepreneur Commons is based in this assumption.
2. funding a venture: the same old story
how do you get started?
emergence of new paradigms
doing it in times of crisis
●
ecology crisis The Entrepreneur Commons story
is a story of how you get started,
but it is also a story of how you
●
economic crisis get started in a context where
people work habits are changing,
they are getting more and more
●
poverty used to participate in the decision
process at all levels - some call it,
the rise of the peer to peer
●
hunger civilization, and it is a context
where the world is sick so we
need to do something different
●
war from how we were doing things
before if we want to have a
chance to make things better in
the end.
2
Entrepreneur Commons Socap2008 - 10/14/2008
3. the entrepreneur - the hero
they will change the world
want to be independent
drive for achievement
obsessed with their project
In this story there are several characters: and the
first one is the entrepreneur, he is the hero, he is
the one who will save the world.
3
Entrepreneur Commons Socap2008 - 10/14/2008
4. the Venture Capitalist - the pro
The next set of characters in this story are the investors. Unless you can self-fund
your business, you will need financial help from somebody to get the business
started, and when you are talking about an early stage venture, banks do not like
to get involved, so really you are talking about dealing with investors. And when
you think about funding early stage ventures, the professional in this area is the
Venture Capitalist.
manage money from Limited
Partners
gets paid on the returns (2%
management fee while managing
the fund, then 20% of the carry)
team of general partners
4
Entrepreneur Commons Socap2008 - 10/14/2008
5. the Angel – the semi-pro
wealthy individual (accredited
investor)
works alone (super angels) or with a
group
experienced... or not
5
Entrepreneur Commons Socap2008 - 10/14/2008
6. friends and family – the outsider
invest in the person more than in
the project
social capital
the investment here is made based on the amount of social capital that you
have with this person. Which brings up a very interesting point, that social
capital while it describes the level of trust that you have within your family and
within your community, also describes a business that has a purpose of
serving the community in addition to being profitable, and I think that there is a
connection here, back to what Muhammad Yunus says in his book Creating a
world without poverty, that human beings are multi-dimensional and that social
capital is where the answer is, this is what we need to focus on, and this is
what Entrepreneur Commons wants to foster.
6
Entrepreneur Commons Socap2008 - 10/14/2008
7. investment process = optimize $$
Now that we know who the
characters are in this story, let's look
at how they interact in this story, how
the investment process is happening.
And because today we live in a world
of capitalism, the investment process
is designed to optimize the return on
investment, which means that it is
done through competitive process
7
Entrepreneur Commons Socap2008 - 10/14/2008
8. venture capital
VCs will tell you that when they receive 1000 business plans, they decide to take a look at 100 of them, and then they typically invest in 10
of these. And then when they invest in 10 companies, one will make it really big, and 3 will do ok and the rest of them will be loosers or die.
The good news for them is that this is process that works for them, and for their investors but for the entrepreneur when you entering this
competition model, your chances of success are less than 1%, not a very exciting proposition. So while VCs are the professional and the
model works for them, for the entrepreneur it is not a good option at this stage.
1000
100
10
8
Entrepreneur Commons Socap2008 - 10/14/2008
9. angels when they invest angels typically do not have enough
money that they can spread themselves over a
significant amount of deals, and therefore they know
that when they invest, they are playing the lottery. And
if you are going to play the lottery, you want to do for
the big jackpot rather than the smaller jackpot. and so
they tend to pick the same type of companies that VCs
will take a look at. Again not a very attractive
proposition...
1000
100
9
Entrepreneur Commons Socap2008 - 10/14/2008
10. friends and family
not everybody has friends and family
that can shell out enough money to
get a business started, and if you are
in this situation, you are pretty much
left alone
10
Entrepreneur Commons Socap2008 - 10/14/2008
13. THE OPPORTUNITY
• 4 years survival rate: 44%
• Inc Top 5000: only 3% from VC = 97% other
• Median capital to launch: $25K
• Median capital to launch Inc Top 500: $75K
13
Entrepreneur Commons Socap2008 - 10/14/2008
19. Entrepreneur Commons
Entrepreneur Commons is not
a new model, it is inspired by
existing models that are being
implemented in a new context.
It is inspired on one side by
MicroFinance, is which you
also have self help groups as
a way to manage in a scalable
manner the entrepreneurs and
the investments. And it is
inspired on the other side by
Mutual Guarantee Funds,
which have been around in
Europe since 1917.
And the data from these
models is that the default rate
is 1 to 5%, so this is what we
are expecting to see with
Entrepreneur Commons as
well.
19
Entrepreneur Commons Socap2008 - 10/14/2008
20. EC SF - Jonathan Chang
PosiMedia is a media company that
creates interactive experiences
focused on positive impact on society
and the environment.
PosiMedia's first media property is
PosiPeople.com
20
Entrepreneur Commons Socap2008 - 10/14/2008
21. EC SF - Or Haviv
Universeye.com provides a free
communication platform to
collaborate and network internally
and externally. Designed with
sustainability in mind, Universeye
offers ad revenue sharing and green
communications.
21
Entrepreneur Commons Socap2008 - 10/14/2008