Jay Parkhill July 28th, 2009
I attended a fascinating talk on social entrepreneurship at the brand new HUB Berkeley last night. HUB is a shared workspace concept especially for socially innovative people. They have facilities in 12 cities around the world, including the brand new, gorgeous David Brower Center in Berkeley, CA. This event + last week’s Cleantech Open event at AutoDesk’s One Market gallery made for two LEED Platinum building visits for me in a week, which was a minor milestone for me.
The talk featured Matt Flannery from Kiva.org, Steve Newcomb from Virgance and Ben Rattray from Change.org. Discussion was lively and instructive on a number of levels. I was especially fascinated by the fact that all three businesses stand on the line between traditional nonprofits and for-profit businesses. All three panelists spoke about why they chose one form over another. If I understood them correctly, Kiva’s founders simply felt that non-profit status was the right fit; Virgance and Change.org both raised money from investors and that required them to use for-profit entities.
From the discussion, though, I got the impression that any of them could have gone either way with their businesses. As Newcomb said, it is a great moment in history when people can be capitalists and activists at the same time.
The legal framework needed to build businesses at this balance point is not fully developed, but through the efforts of B corporation and others they are coming into shape quickly. I love working in this space and look forward to its full development.
- How to run a startup, Steve Newcomb-style: Naked Thursdays (entrepreneur.venturebeat.com)
- The Charismatic Social Entrepreneur – A Conversation Worth Relating (clearlyso.com)
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