Social Entrepreneurship

“Social Entrepreneurship has Complexity Written All Over It”

That’s the title and conclusion of this paper by Jeffrery Goldstein et al which was presented at  this talk at the Skoll Foundation International Social Innovation Conference 2009.  Here’s a slide from that talk that I like:

complexity-sciences

If you like the theme of “Social Entrepreneurship, Systems Thinking and Complexity” — and I know that you do because that’s what this blog talks about a lot of the time — then you may want to attend (or even submit a paper/talk abstract to) the eponymously named conference at Adelphi University in New York (April 30 - May 2, 2010).  Hope to see you there!

hat tip: Jerri Chou: @jchou…

Complex Links, Complex Quotes, Complexity, Cooperation, Social Entrepreneurship, Socio-technical systems , , , , , , 3

Investing in Superstars

This is the first in a four part series.  The other are here:  part 2, part 3, part 4.

Imagine you are in your early twenties, out of college several years and your best friend, who recently came into an inheritance of $300K cash told you they could think of no better way to invest the money than to invest it in you.  Not the company you started, not as a loan, but invest it in YOU, as if you were a startup.  In return your friend said all they wanted was 3% of your gross income for the rest of your life.  Do you think you would take it?

Now what if your friend said that they didn’t care what you did with the money or how much you made each year.  If you wanted to sit on a beach in Nicaragua learning to surf, go work in the Peace Corps, stay at home and do your art projects, …

Alternative Institutions, Incentives, Innovation, Investing, Social Entrepreneurship, Trust , , , , , , 84

Daniel Nocera’s Gift

I just saw the most important talk I have seen in 300+ TED, Pop!Tech, etc talks that I’ve watched.  And at the risk of hyperbole, I will say that the worst case scenario is that Daniel Nocera simply wins a Nobel Prize (and yes, I’m willing to bet at even odds that it happens in under 10 years from today).  But if the system is able to scale through replication, it will be at least as important as penicillin in terms of ending human suffering and will have a bigger impact on the world as a whole.  Here’s why:

  • Input: Water (clean, saltwater or dirty water)
  • Outputs: Electricity + Pure drinkable water
  • By products: nothing (other than what was in the water)
  • Resources required to assemble: all abundant and most have substitutes
  • Knowledge required to assemble: simple
  • Cost to assemble: relatively cheap

Essentially what Nocera has done is reverse engineered and re-created a super-simplified photosynthesis process.  It’s a closed loop (i.e. autocatalytic) so …

Alternative Institutions, Energy, Health, Poverty, Scarcity / Abundance, Science, Social Entrepreneurship, Society, Socio-technical systems , , , , , , , , , 5

Switching Government Service Providers

Ever wish you could reinvent the entire systems of government you live under without starting a costly war, revolution or having to win an election?  No?  Well, Patri Friedman has (wondered, that is).  And so has a growing number of seasteaders, ordinary folks (and the occasional PayPal billionaire).  Or to be more precise, as Patri explained at this year’s Idea Project confab [sign up now for next year, it may sell out quick!] they believe we should at least get to choose from some reasonable options.  Currently your choices are some form of democracy, autocracy, or theocracy.  And switching costs are high.

What if you wanted to start your own sovereign nation in a tucked away corner of earth somewhere?  Problem is, every piece of land more than a few feet above sea level is already claimed by governments, private individuals or commercial interests.  Enter, the high seas.  Turns out there’s nothing stopping you from going out to international waters, building a platform, giant …

Alternative Institutions, Government, Models, Social Entrepreneurship, Society , , , , , 6

A Theory of Scalability

One of the hidden themes of The Feast this past week has been how to scale successful social ventures.  This has been on my mind a lot recently as I have been working informally with both Self Enhancement, Inc. (SEI) and Decision Education Foundation (DEF) on this puzzle.  SEI is extremely successful in the Portland locale where they began 25+ years ago, achieving 98% high school graduation rate (working against hard socioeconomic realities).  Like with many models that are very successful “in the small”, the biggest challenge is to translate that same success to larger scales (e.g. all across America, or all around the world).  DEF is attempting to build scalability into its model from the start, and has found that this is extremely challenging.

In thinking about this I am reminded about a duet of innovators who spoke at the Pop!Tech conference last year about scaling.  Both Bunker Roy and Paul Polack have some profound lessons to teach us about scalability.  You will …

Agency, Alternative Institutions, Autocatalysis, Evolution, Interconnectedness, Interventions, Memes, Models, Philanthropy, Social Entrepreneurship, Socio-technical systems , , , , , , , , , , , 8

Equity Micro-Investing

I’ve been having a serious discussion with two colleagues of mine about closing the gap that exists between two groups:

  1. People of my generation (40 and older) who have capital they want to invest in innovation but only know the VC for-profit-only value model and don’t have any true view into or understanding of social entrepreneurship business models;
  2. People coming out of college today (27 and younger) who are actually creating untold value for the world without taking on investors because they don’t (a) know how to attract them, and (b) have heard too many horror stories

Jay and I fall into category 1 and Michael falls into category 2.  All three of us agree that the gap above exists — due in part to rapidly declining startup costs — and represents a very real (and lucrative) investment opportunity if it can be closed properly.…

Alternative Institutions, Management, Markets, Social Entrepreneurship , , , , 49

Robin Hood Foreclosure Fund

Have you ever heard of anyone selflessly helping out a stranger by buying their house at a bank foreclosure auction and just giving it back to them?  Well, now you have.

More likely, you’ve probably heard of private investors taking advantage of the banks’ unwillingness (or inability) to deal with all the bad loans on their books. Like the group of investors in Act 2 of this This American Life episode, you buy a house that’s in foreclosure for a significant discount on its true market value and then “you get the homeowner into either a mortgage they can afford, or they’re able to rent it, or you pay them a bit to move somewhere else.”

Well, what if there was a way to combine these two activities so that you are doing good for someone else while doing well for yourself financially?  There are many variants of how this could work, but here’s the basic concept:…

Asymmetry, Economics, Interventions, Social Entrepreneurship , , , , 6

The Good, The Bad & The Ugly

A few articles on the economy that were sent my way recently.

The Good: After Capitalism (Geoff Mulgan)

“The era of transition that we are entering will be disruptive—but it may bring a world where markets are servants, not masters.”  I urge you to read this entire article, and leave your ideological biases at the door.  Despite the title, this is no polemic.  Here’s the punchline:

Contemporary biology and social science has confirmed just how much we are social animals—dependent on others for our happiness, our self-respect, our worth and even our life. There is no inherent contradiction between capitalism and community. But we have learned that these connections are not automatic: they have to be cultivated and rewarded, and societies that invest large proportions of their surpluses on advertising to persuade people that individual consumption is the best route to happiness end up paying a high price.

…

Culture, Economics, Epistemology, Incentives, Interventions, Limits of Knowledge, Markets, Non-linearity, Scarcity / Abundance, Social Entrepreneurship, Society, Stability , , , , , , , , , , , , 1

How to Change the Climate in 3 Years

Oh, and re-grow the rainforrest, strengthen the social, political and economic climate, save endangered species and increase biodiversity and resilliance all at the same time without any budget.…

Alternative Institutions, Climate, Cooperation, Culture, Economics, Education, Interventions, Social Entrepreneurship, TED , , , , , , , , , 1

The Challenge

Here’s a contest model for spurring innovation that I’d like to explore:

  1. 50 participatns ante a pre-determined amount of money
  2. Each participant submits original work (of a pre-determined type)
  3. Each participant votes for one winner (other than themselves)
  4. Winner gets the money
…

Alternative Institutions, Crowdsourcing, Games, Incentives, Social Entrepreneurship, TED , , , , , , 0

Social Entrepreneurship Tax Credit

I typed “social entrepreneurship tax credit” into Google and the top result was this page on BarackObama.com.  There are some good ideas there, and I hope they get implemented once he takes office.  But I’d like to see even more.…

Alternative Institutions, Incentives, Markets, Social Entrepreneurship, Society , , , , , 2

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