Posts Tagged ‘Social Entrepreneurship’

The Right People are Showing Up for This Year’s SOCAP Barn Raising

March 28th, 2013

Somebody told me this morning that, though she’s fully engaged and willing to help raise more funds around the project we are working on together, she knew that I was trying to build something beyond just this project, that this project was just a part of something bigger. But she wasn’t sure of just what the whole picture looked like.

“If you get everything you want funded, what would that look like?” she asked. “If we get funding for everything I want to get funded, and people sign up,” I told her, “my five- and eight-year-old grandsons will live in a more connected but locally resilient world with better tools to adapt.”

As one aspect of that meta endeavor, teams are coming together to build various parts of the projects that will show up at SOCAP13, with the conference being kind of a milestone to show their progress and help motivate them to reach goals.

Joseph Steig, yesterday, signed up to lead the mobile, digital, and device portion of the content in the health track at SOCAP13. He’s the driving force that could result (pending board approval) in Village Capital launching a health-focused cohort of its seed-funding program. It would launch the first week of September in San Francisco during SOCAP13.

Also on board in that emerging collaborative are the women from RIVET – Amy Lockwood and Leslie Ziegler – who are focused on creating the first digital health accelerator that’s focused on the developing world.

They will have Indian-based entrepreneurs and American-based entrepreneurs focused on mobile, digital, and devices to serve the market of the poor in India, with the idea that some Jugaadinnovation – some innovation created in the unique environments of India – will come to the west once they get it going. Ziegler was the Creative Director and Chief Evangelist at Rock Health, a San Francisco-based incubator for early-stage domestic digital health start-ups. So, though her new accelerator is internationally focused, we’re going to rely on her expertise and connections to guide us to the best Bay Area and Silicon Valley-based startups.

Our domain expert in health is Dr. Doug Jutte, a neonatologist and public health and population expert who leads a new research facility funded by the Robert Wood Johnson Foundation.

Jutte brings in the lens of housing and health now seen through a holistic lens by affordable housing and public health practitioners as a tool that is starting to transform the system, lowering costs while it improves health for individuals, families and communities. Up until a couple of years ago, people working on affordable housing did not talk or share notes with people working on health care, even though they often focused on the same people living in the same apartments. A holistic approach is proving to be the way to create healthy communities at lower cost.

One of our key design principles is that we at SOCAP create the intersections where you meet valuable strangers. To get the most out of that, you have to know how to partner quickly, flexibly, and understand the rapid math of give and get as those partnerships emerge.

Amy Lockwood, of RIVET, does that well. RIVET is in partnership talks with Dasra, the India-based accelerator, and will be part of the Sankalp event, and plans to be involved at other venues as well. It’s easier to partner with people who have a clear partnership strategy and know how to make projects come together, and Amy Lockwood seems to be particularly good at those aspects. I’m glad to be part of helping her and her team reach their goals, using our convening platform as a way to coalesce resources toward a timeline where things show up at SOCAP13, then using the conference and the people gathered to add momentum.

For the Village Capital / RIVET working sessions at SOCAP, which will be open to the public, we are going to use the Good Pitch format that my business partner, Tim Freundlich, has used well before. The format allows alphas for a project to get to show their generativity instead of their teeth, by either a) offering an idea, b) offering a referral or c) offering a follow-up meeting. Compared with other similar set-ups, the Good Pitch format is more a porpoise pool than a shark tank.

If you want to learn how to be an effective investor or mentor to a fast-moving startup in a hot sector where there is deep mission insurance; where the technologies are targeting diseases that mostly afflict poor people, for example, these Good Pitch sessions with VilCap and RIVET – assuming we pull them off – should be ideal.

If we don’t achieve that jointly timed launch, we can talk about the process of moving together toward that goal and where we each are heading, and how we are collaborating; the organizational and scheduling and curriculum overlap ties might need to be looser than we imagine at first; we don’t know yet.

In the meantime, VilCap has signed up to help RIVET figure out a lot of the elements of their launch, answering questions and providing guidance. They’ve been doing that for other accelerators for a while now, some not at all focused in the innovation space.

We’re also glad to see our own HUB Ventures “spin out” from the HUB and SOCAP “incubator” and go out on its own. Wes Selke and Rick Moss have done a great job with it: some graduating companies have been invested in by top-tier firms like Andreessen Horowitz, some have raised multiple millions in follow-on rounds, and one has sold for $15 million, looking just at the financial side of their success. And many of the surviving companies are doing really good and increasingly big and important things in the world, in the United States, and some locally in San Francisco on the impact side. We look forward to continuing to work with them and continuing to make the HUB platform a core of what HUB Ventures offers.

A SOCAP conference is a circus led by volunteer teams like the ones I’ve written about here. The goal is that they show up as real, and moving toward solid achievements by September, but they are usually just in active formation at this time of the year. It’s like a collectively-built barn-raising version of Cirque du Soleil to save the world. It’s kind of a wild ride.

We have discovered that our platform helps people be a little more daring, a little braver, together, than they would otherwise be, to tell a little bit bigger story, about where they want to go, and that somehow, doing that helps them get a little farther than if our platform didn’t exist. We enable a kind of emergent innovation and daring for people who want to redesign our economic system on the fly. People are bringing their A-game this year. It should be fun.

We are also finalizing plans to have Ben Metz run the panel picker tool and process, so that 20% or so of the content at the conference is crowdsourced, with the community coming up with the content and voting it in. We don’t have all the answers. So, we are building in collective intelligence tool methodology at every point in the process that we can, thus creating a wider diversity of input as we start to build a networked system.

The overall conceit, the dream of the conference is that we are building an operating system to accelerate the good economy, using a phrase that our producer and my wife, Rosa Lee Harden, borrowed with permission from Colin Mutchler of Louder. We borrow from everybody.

Mark Beam, a SOCAP co-founder now with Halloran Philanthropies, provided a lot of the ethos behind our collaborative approach. We just want to assemble the smartest tables; we don’t have to be the smartest people at the table. SOCAP is a collective intelligence product.

The Network is People: Complex Tech Implementation in the Developing World Starts with Understanding Relationships

March 28th, 2013

This article is written by Justin Noodleman, an MBA Candidate at Kellogg School of Management.

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The team at REwiRE (Rural Electrification with Renewable Energy) is doing something complex and challenging: financing, developing, and managing renewable energy-powered mini-grids in emerging markets. Given the challenge, it’s fascinating that when you talk to them, they’re laser focused on simplicity and execution. It’s common for great ideas to be thrown out in a classroom setting, and they often sound great on paper, but represent enormous challenges in practice. This pattern is in place for RewiRE.

CEO Jonathan Strahl pointed out how it’s easy to talk about how good your idea is while sitting in an office in Palo Alto – but when you’re on the ground in Indonesia and start considering the local landscape, a new culture, an unfamiliar legal system, and countless other variables, the effort becomes more daunting.

Through a whirldwind that took the team through the concept at Stanford to their success at the International Impact Investing Challenge last year and beyond, REwiRE is set for its pilot project in Indonesia. The team is highly self-aware at what they can and cannot do – and that’s led to an ecosystem of partners that will facilitate REwiRE’s success going forward.

Finding the right partners

The on-the-ground partner, Ibeka, has been instrumental in helping the team understand the cultural and legal barriers that exist in Indonesia. They have extensive experience on the technology and engineering side as well as project management expertise: they’ve helped with community outreach and feasibility studies. The folks at REwiRE recognize that they have limitations in truly understanding the local Indonesian culture, underscoring Ibeka’s importance in the mission.

The team is also working closely with Engineers for a Sustainable World, a Stanford non-profit that “aims to address the challenges of global poverty and sustainability by harnessing the energy and creativity of young engineers.” Jon noted that they’ve had a variety of mentors and supporters provide assistance along the way as they drive towards the initial goal of a successful pilot program. Of course, the team still needed to find a way to attract investors for this capital-intensive endeavor.

Evolution of the financial structure

It has been critical for REwiRE to line up the right partners to help, but first it was up to the team to develop an innovative financing model that would attract investors. The team created a holding company called REwiRE LLC that will manage investments from four different types of players: institutional investors (40%), the founders (5%), Impact Investors (25%), and Grants (30%). The money will flow directly to a joint venture between a local co-op and REwiRE as they build the grid to provide electricity to some of the most rural villages in Indonesia. Their business case estimates an expected 15.4% IRR (internal rate of return) and an NPV (net present value) of $1.77 million for the three mini-grids planned for the pilot project on Sumba Island.

Getting investments is a chicken and egg challenge, however – rural electrification is a capital intensive business, and investors want to see a track record. This is why the team talks about simplifying – it’s okay to have big plans (they do), but it’s critical to focus and build one grid to establish the credibility that will attract investors and allow them to scale.

Chief Technology Officer, Kelcie Abraham, described the financial model and how it evolved over the course of countless brainstorming sessions and conversations with partners. The original plan was to set up multiple sub-holding companies by phase, geographic region, or power source (solar, wind, hydro, etc.). Given the costs and challenges associated with setting up sub-holding companies for foreign private investment and various contract issues, the team adjusted the model to a single sub-holding company. They also simplified the community cooperative contracts, all in the name of streamlining and moving forward with an execution-based mindset.

Next steps

Kelcie spoke passionately about her experience of the difference between investing for impact, and impact investing. “It’s a new idea…you really have to think about trade-offs between financial returns, social returns, and environmental impact. In some ways, everyone is a social entrepreneur, and we’re all working together towards a better society.”

This project has required a great deal of planning and preparation, and COO Himani Phadke spoke for the team when she said she couldn’t wait to actually get the pilot project going. She also spoke to the excitement of working with so many inspirational people. “We’re expanding our network and meeting really interesting people that are trying to address some of the same challenges. It’s a pretty exciting opportunity to learn from them.”

It will be fun to watch the pilot project develop and to see REwiRE work towards a sustainable, scalable solution to electrification issues in rural areas in emerging markets.

Tickets Still Available for Impact#2, Paris 4/3

March 26th, 2013

Leaders of global economy, financial institutions and policymakers will be meeting in Paris to understand the market for social entrepenership, valued at over $100 billion.

Questions will explore:

  • Who are the major investors?
  • Why is this market growing so rapidly?
  • Which companies receive funding?
  • How can we measure the impact and performances of social enterprises?
  • What are the roles of public authorities?

Live Guest Include:

  • 30 profitable and virtuous enterprises
  • 7 international success stories

Tickets available

Starting Bloc is moving to Detroit! Now Accepting Applications…

March 26th, 2013

 

 

 

 

 

 

 

 

 

 

 

 

 

Starting Bloc wants Social Entrepreneurs to Collaborate on Building Detroit’s Future

“…Between severe literacy rates (a 2011 report found that nearly half the city is functionally illiterate), one of the highest unemployment rates in the country (18.2%, compared to the U.S. jobless rate of 7.7 percent), a population that has decreased by 25% in the last decade and counts a third of its population as living in poverty, and the governor of Michigan’s recent call for an emergency manager to help save the city from bankruptcy-the Motor City won’t be making ‘America’s Best Cities’ list anytime soon.

That is, unless the list is being made by StartingBloc, a global community of 1900 social entrepreneurs from 55 countries with a mission of creating lasting change, which will hold its first ever Institute for Social Innovation in Detroit in August…” - http://www.huffingtonpost.com/adam-smiley-poswolsky/social-entrepreneurs-coll_b_2950058.html
Listen to @StartingBloc fellow Tidus Coleman (@TerrellColeman) share why he joined the this community of social innovators http://bit.ly/Y65BqR

Interested in being part of this? Apply here http://www.startingbloc.org/application

Slow Money’s 4th National Gathering in Beautiful Boulder, CO. April 29-30, 2013

March 18th, 2013

“The gathering was life changing. Welcome to a revolution!”
—Paul Tryba, THE FARM, Long Beach, CA

Looking for a new kind of social investing for the 21st century? If so, plan to joinSlow Money’s emerging network of thought leaders, investors, donors, farmers, social entrepreneurs and everyday folks for their 4th National Gathering this April in Boulder, CO. Two days of conversations, network building and action planning in a food-loving town. What could be better?

The list of speakers is phenomenal: the international founder of Slow Food Carlo Petrini; Wes Jackson, founder of The Land Institute, which for 30 years has conducted cutting-edge research on sustainable agriculture; Author Joan Gussow, who Michael Pollan has referred to as “my guru”; and many more.

There will also be investment presentations from two dozen small food enterprises and break out sessions on topics ranging from New Visions of Corporate Philanthropy to Exploring Seeds and Biodiversity to Impact Investing, plus the opportunity to collaborate with folks from around the country who are finding new ways to connect money, culture and the soil—including members of the 16 chapters channeling millions of dollars into local small food enterprises.

The Slow Money National Gathering brings together people who are rebuilding local food systems across the U.S. and around the world. More than 2,000 people attended the first three national gatherings—with over $22 million now invested in more than 185 small food enteprises!

Register