Some Ways to Get Started as a Social Entrepreneur
Monday, June 27, 2011
With the economy still struggling, it may seem like an impossible time to start a do-good social venture. It can be hard enough to operate any business profitably – let alone one that also tries to improve the world.
But some observers believe that the tough times may be increasing interest in social ventures.”I get the sense that the recession actually has resulted in more people taking interest in investing in companies that are doing the right thing right from the start,” said Wes Selke, investment manager atGood Capital, a social-impact venture capital firm in San Francisco. As one indicator, at least three social-impact funds have raised more than $100 million in the last couple of years:Ignia Fund, Leapfrog Investments andMicroVest.