Tag Archives: Social Investment

Two social visionaries from India

We were pleased to have Vibha Krishnamurthy and Ashish Karamchandani visit us in Boston on Sunday.

Vibha Krishnamurthy is the founder of Ummeed, (http://www.ummeed.org ) a first-of-its kind center addressing the needs of the estimated 35 million children in India with developmental disabilities. After completing her fellowship at Boston Children’s Hospital, Vibha moved back to Bombay determined to bring world class care to disabled children in India. She founded Ummeed in 2001 and it now supports over 1000 patient visits a week. Ummeed provides early diagnosis of development disabilities followed by in-house professional, medical and therapeutic care. It allows families to continue proper care and therapy at home by providing training and education programs for parents. For her tireless efforts to bring care to the disadvantaged, Vibha was named an Ashoka Fellow in 2007. http://www.ashoka.org/fellow/4900

Vibha’s husband, Ashish Karamchandani is a visionary in his own right. Ashish returned to India to head Monitor’s Indian consulting office where he spearheaded an effort within Monitor to address the challenges of global poverty with market based solutions. He was successful in starting a new area of research within Monitor, Monitor Inclusive Markets, (http://www.mim.monitor.com) that he now leads. The group has brought scientific and business approaches to providing market-based solutions and has initiated financially-sustainable enterprises to address the needs of the bottom 60% of the income pyramid in India. Their work has identified housing as one of the key areas where market based solutions can alter the social and economic landscape of the country. Ashish has recently published a comprehensive report “Emerging Markets, Emerging Models,” based on their solid fact-based research. Continue reading

Cover the basics – what to do when raising capital

Following up on the level headed advice that Chuck Lacy gave prospective social entrepreneurs, I came across a recent post on one of VC blogs that is equally relevant. Here are some excerpts, you can see the entire article at

Cover the basics before you raise capital

… We all know that coming up with market sizing and revenue forecasts for a startup is as accurate as the weatherman predicting the weather.  That being said, VCs want to understand the logic behind the numbers as much as the numbers themselves. Continue reading

Chuck Lacy speaks about Raising Venture Capital for Socially Responsible Businesses

Earlier last month, I was fortunate to attend a lecture by Chuck Lacy former President of Ben & Jerry’s and currently President of Barred Rock Fund. He was a guest of the Legatum Center at MIT and spoke about raising funds as a social business.  It was interesting hearing him speak since he really did not focus on the fund raising part as much as some basic precepts that most entrepreneurs should keep in mind – whether you are growing a socially responsible business or a plain old fashioned technology startup.

I thought I would try to distill the essence of what he said as I think it is very relevant especially in these tougher economic times.

  • Don’t raise money. Sounds counterintuitive but it makes sense. You should run as long as you can on your own money. You should think about working part time and keeping 100% of your company instead of working 100% and giving up 50% of the company to raise cash. Raising money means you are giving your company away. There are many ways to raise money without diluting your stake in the company – Grants, state funds, PRI funds. Continue reading

A new era of service by Barack Obama

I am reproducing the entire text of an editorial by President Barack Obama that appeared on TIME Magazine’s website today.

It was a precursor to the news later in the day that one of the two pieces of Service based legislation – the GIVE Act – was passed with a strong bi-partisan majority of 321 to 105 in the House. The senate version of the bill – the Kennedy/Hatch Serve America Act – is awaiting final approval. If the two bills are finally reconciled and passed, they will, according to the New York Times, “be [the] largest expansion of government-sponsored service programs since President John F. Kennedy first called for the creation of a national community service corps in 1963.”

This is indeed a new era of Service

Continue reading

An opportunity of a lifetime

An interesting side effect of the global recession on graduating college students – more are considering taking time to get engaged in public service. A recent article in the Boston Globe observes

Instead of going straight into a 100-hour-a-week job at an investment bank, they are pursuing less lucrative but potentially more satisfying opportunities in public service, enrolling in record numbers in the Peace Corps, AmeriCorps, and Teach for America.

In that article Harvard President, Drew Gilpin Faust observed.
“The path to Wall Street was so clearly defined, so if you weren’t sure what direction to go, this direction was filled with signposts and rewards,” Faust said in an interview. “But we are seeing two historic moments converge: this extraordinary financial crisis and this outpouring of interest in the public sphere.”

Faust said she hopes to tap alumni connections and join with other colleges to set up a recruitment process for public service that mirrors the way the corporate world woos students.

Sasha Dichter of the Acumen Fund ruminates in in his blog post The Other 690 : Continue reading