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The concepts of scalability,
sustainability, opportunity and accountability in for-profit entrepreneurship
ventures are also applicable to social ventures. We discuss the
New Schools Venture Fund as an example of applying the VC model
to a philantrophic mission.
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Relevant
Texbook Chapters
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Discussion Questions
- What elements of entrepreneurship are common to for-profit
and non-profit ventures?
- What elements are unique
to each?
- Who is the the judge of value in a non-profit ventures
vs. a for-profit venture?
- How is "business discipline" imposed on the social entrepreneurship
process?
- How does New Schools differ from a typical Venture Capital
Firm? How is it the same?
- How does New Schools decide whether to invest in a for-profit
or not-for-profit venture?
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Main
Case Study: New Schools Venture Fund
A new approach to philanthropy has emerged in the last two
years led by venture capitalists and the "new wealth." They
are applying the same accountability criteria from results
as they would their investment portfolio. Teaching Purpose:
To analyze the risks and rewards of applying the venture capital
model to philanthropy. |
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Vinod
Khosla: Social Entrepreneurship
In Kleiner Perkins perspective, the traditional model of giving
is broken. Social entrepreneurship is very important and the
way to leverage dollars--there aren't enough dollars in the
world to solve the world's problems,from a giving point of
view. But if you apply and multiply, there are, in fact, solutions
to some of these problems. Examples of the Gramine Bank, Aprotech.
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The
Meaning of Social Entrepreneurship
Social entrepreneurship brings to mind different things to
different people - some people see such ventures as purely
not for profit, and others understand the term to refer to
businesses that integrate social responsibility into their
operations. Dees brings an insightful perspective to the meaning
of social entrepreneurship. |
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