Creating a New Asset Class for Social Entrepreneurs
Tuesday, October 12, 2010
The big question at this year’s Social Capital Markets conference was this: How can we unlock more investment capital for social entrepreneurs? Kevin Jones and the folks at Good Capital, the founders and conveners of “SoCap” (as it is known among its followers), believe that the pressing need in the field is to make large volumes of capital available to world-changing entrepreneurs.
With the explicit intention of tapping into and mobilizing mainstream capital markets, the buzz among the SoCap crowd this year was all about “creating a new asset class” for social entrepreneurs. This terminology is important because it reflects the intention of the conference participants to move away from niche “socially-minded” investors and instead to tap into the trillion-dollar pot of traditional investment capital.