Using Capitalism for a Higher Purpose

Abstract

Social entrepreneurs can have a positive impact on poverty, near poverty and those changing faces of America by spurring a large number of financially successful social entrepreneurs especially among minorities and women. Using the methodologies and discipline of venture-funded companies is the most effective way to accomplish this. Using the venture capital model social entrepreneurs can be taught how to build successful businesses that can become sustainable — profitable — and create jobs. There is nothing magical about this, we see the successful side of entrepreneurs supported by venture funds all the time. The key is to be able to add the twist (or more importantly accountability) of giving back to the community, not impacting the environment, and solving social issues.