On the Ground at SOCAP19: Live Interviews and Insights from the Social Impact Sector’s Flagship Event
SOCAP is in full swing and NextBillion’s editors are on the ground, live-tweeting from panels, conducting live interviews (see our Facebook page), and providing coverage of some of the key conversations and innovators at the event.
We’ll be updating this blog regularly throughout the conference, from Wednesday to Friday. Also, please take note of our schedule of live interviews: We’ll be broadcasting live Q&As with thought leaders in social impact from 11:00 am – 12:00 pm PST on Wednesday, and from 2:00 – 3:00 pm PST on Thursday. You can view the interviews live at NextBillion’s Facebook page, and we’ll embed them in this live-blog after they’re over. Our interviews will feature:
WEDNESDAY:
11:00: Paul Breloff, ShortList
11:10: Rema Subramanian, Ankur Capital
11:20: Kristin Hull, Nia Impact Capital
11:30: Will Poole, Capria
11:45: Christine Renaud, BrainDate
THURSDAY:
2:00 – 2:15: Abigail Noble from The ImPact
2:30 – 2:45: Cathy Clark from CASE at Duke University
2:45 – 3:00: Manoj Sinha from Husk Power Systems
Can’t make it to the event? SOCAP has kindly provided a FREE digital experience for online viewing of some key panels and conference highlights (including NextBillion’s live interviews). Click here to access this content.
THURSDAY LIVE VIDEOS
WEDNESDAY LIVE VIDEOS
the top tweets from socap19: news, highlights and insights
And with that #SOCAP19 has officially come to a close! Thank you so much to everyone who attended, spoke, sponsored, and volunteered. We are so appreciative of each and everyone of you! pic.twitter.com/BSiBwXAXVL
— SOCAP – Social Capital Markets (@SOCAPmarkets) October 25, 2019
This hashtag 🤣 https://t.co/20GKP816zc
— Bonnie Foley-Wong (@BonnieOWong) October 23, 2019
“We didn’t get lightbulbs from people going around selling candles. At some point someone said electricity is the next big thing and people said they were crazy.“ wisdom dropped by @neil_yeoh at #SOCAP19 #ClimateChange #ClimateAction #climateentrepreneurs
— Meghan S-K (@meghan_sk) October 25, 2019
We think we’re losing human touch through behavior change. People need it. In fact, we’re creating new infrastructure to manage the need for human touch in a digital world. That’s why #PAYGo #solar companies are building call centers. –@AmiDalal2 on #Fintech for #Ag at #SOCAP19 pic.twitter.com/AsU8TVBs0r
— FINCA International (@FINCA) October 25, 2019
Congratulations to Team @SOCAPmarkets! You continue to create the most unique, fresh, substantive and fun #impinv experience. Thank you, @LindsaySmalling and your creative crew. (Photo credit @Rachlowry) #SOCAP19 #ESG #socent #socinn pic.twitter.com/VitT15wzLe
— Fran Seegull #impinv (@franseegull) October 25, 2019
Disappointed to see #SOCAP19 & @ImpactAlpha giving so much airplay to “‘impact’ tech funds”. Actual impact investing, even broadly defined, proactively funds (& *measures*) work on “pressing global challenges” [GIIN] or “world’s toughest challenges”[SOCAP]. But these funds?…/1 https://t.co/dSKNycVq7Z
— Betsy Alley (@BetsyAlley) October 25, 2019
📢 hear, hear: “It’s almost insulting to think it’s acceptable that about 99% of investments have to come from investment firms that are almost entirely run by white men” – @RipRapson of @kresgefdn in conversation with @SBatten of @ABFE | @SOCAPmarkets #SOCAP19 #invest #diversity pic.twitter.com/OHrn6slkua
— Iris Weges (@IrisWeges) October 24, 2019
Best session @SOCAPmarkets #SOCAP19 so far? @mulagostarr + @joespeicher @AutodeskFdn straight goods on impact: Measure only what matters, provide longer runways + give untied $$ to early stage #socent. And focus on real impact not “defining ourselves into good” pic.twitter.com/8rpkmhaOOf
— alexgill (@alexgill) October 25, 2019
Data matters. Lessons from @dlightdesign, shared by @NeilBuddyShah:
🧮 Measuring impact is difficult, but possible
📈 Data and evidence can improve ops
📐 Data tools can work within constraints#SOCAP19 @IDinsight #globaldev #ImpactMeasurement #DataForGood pic.twitter.com/f5qvE2o4BO— NextBillion (@NextBillion) October 25, 2019
“The most innovative ideas are often developed by small, early-stage businesses,” explains @opicgov’s @DBohigian.
During #SOCAP19, find out how our new partnership with @FordFoundation and @Citi will help these ventures expand their reach and impact: https://t.co/jihxYEUzaI https://t.co/49JKpqTxDc
— OPIC.gov (@opicgov) October 24, 2019
Day 3 at #SOCAP19! “Not enough data? There’s too much of it! What we need is to ask the right questions to make sense of it all.” #SOCAPStories pic.twitter.com/Ipq7hbkEIK
— Credo (@credoimpact) October 24, 2019
What an inspiring metaphor from @AndreaArmeni: “Finance is the fuel so that the car can move on. We need to know now where the car is going to go.”@SOCAPmarkets #SOCAP19
— Lydia S (@LylSlr) October 24, 2019
“A third of capital is in pension funds and that is a reflection of labor.” Shuaib @Surdna_Fndn
But who gets to decide how those pension funds invest? Do they reflect their communities and center the people who will be most affected by the impacts of those investments? #SOCAP19
— MissionDrivenFinance (@MDFinanceSD) October 24, 2019
The Business Roundtable statement represents a realisation (by the wealthy) that they’re under attack, but it’s only a brief release valve. It’s not systems change.
But… it is an opportunity. It’s an opening for us to push a new direction for the market. @aarmeni#SOCAP19
— John Treadgold (@MrTreadgold) October 24, 2019
“We have to move away from the old Modern Portfolio Theory. It is not serving our planet. A transformation of the financial system is needed.” @lisa_kleissner @ToniicNetwork at #SOCAP19 Secrets from 10+ years of impact investing @RobynnSteffen @OmidyarNetwork pic.twitter.com/rmtBeiGhIW
— Kristin Siegel (@siegelkristin) October 24, 2019
You know you’re at SOCAP when the panelist at the impact validation panel asks who here provides impact reporting services, and half the audience raises their hand. I guess in the past year it’s become an industry! #impactreporting #SOCAP19
— Ecotone Analytics (@Ecotone_PBC) October 24, 2019
Hell yes! Plenary speaker acknowledging that the rich should pay their goddamn taxes rather than diverting $$ into low-transparency donor advised funds. #SOCAP19
— Jodi (@DrJodiYork) October 24, 2019
#SOCAP19 “…and Leo DiCaprio bought a Prius and suddenly this car became cool. How can we make the same happen with people’s investment?” A conversation between @MorganSimon1 & @dmorg91 about conscious personal finance and the role of all of us as investors. #impactinvesting pic.twitter.com/JOWHZqMH3F
— Cris Paulsen (@CrisPaulsen) October 24, 2019
“The global impact investing market is estimated at half a trillion dollars. IRIS+ was launched by the GIIN earlier this year to measure, manage, and optimize impact.” – Leticia Emme, @theGIIN | @SOCAPmarkets #SOCAP19 #impinv #investing pic.twitter.com/FW3sHLZdgJ
— Iris Weges (@IrisWeges) October 23, 2019
“Capital is flowing at a large scale…but it’s blocked as you move into the rooftop solar market in India.” 🇮🇳
A great example of #ImpInv: facilitating a systemic intervention to address a funding gap.
MacArthur’s John Balbach at #SOCAP19. pic.twitter.com/JDeWJnx7Sf
— MacArthur Foundation (@macfound) October 23, 2019
At #SOCAP19 lots of talk about ROI—- I hope everyone is talking about “Return On Impact” not only on “Return On Investment”. It’s time we think about what really matters not just Investment. #Radical #RadicalRespect
— Jose Antonio Leal (@jaleal) October 23, 2019
4 key takeaways from @katecochran on great team management: know yourself as a manager, hire for where you’re heading, hire slow fire fast, be intentional about the culture you’re building.#SOCAP19 @SOCAPmarkets pic.twitter.com/ZT763rrtnQ
— Lydia S (@LylSlr) October 23, 2019
#SOCAP19 is here and we’re kicking it off with exciting news!
In partnership with @opicgov, @ceniarth, and @WK_Kellogg_Fdn, @GPSocialImpact has launched a new fund that will invest in scalable solutions to poverty that impact the lives of millions 👉 https://t.co/DVowKO7kCo pic.twitter.com/Puipkng5YK
— OPIC.gov (@opicgov) October 23, 2019
“Pay for success was like we invented the iPhone and said: it can fly! And then everyone got it and they were like: it can’t fly!” – Roger Low, policy director, @America_Forward, @newprofit | #SOCAP19 #payforsuccess #impinv @SOCAPmarkets pic.twitter.com/hngfq22oTm
— Iris Weges (@IrisWeges) October 23, 2019
“This May not be popular here, but it’s big public markets that have the most power. More than governments.
The good news is, we all own them.” @JoshLevin11 @openinvestco #SOCAP19
— John Treadgold (@MrTreadgold) October 23, 2019
Discussing the difference between empowerment and power, @aliciagarza reminds us that the latter necessitates a systemic shift of decision making toward a more just economy. #SOCAP19 #SOCAPStories pic.twitter.com/O5St34G1So
— Laura Clise (@lauraclise) October 23, 2019
.@CapriaVC is launching its 8th #investment cycle & is looking to invest in 3-5 #impinv #fund managers across #Asia, #Africa, and #LatinAmerica. Apply here: https://t.co/0bgS1uLOns RT @devindthorpe @bayareawriter @Cat_Zakrzewski @alykhansatchu @alecdavis @sarahclarkehk @seremony pic.twitter.com/szxelU7c4S
— Will Poole (@wpoole8) October 22, 2019
Some poignant opening statements:
-Wealth is history crystallized.
-Individual empowerment not the same as systemic change.
-Geographic segregation + racial poverty are real — for whom do our institutions work?
-Power is about capital — who has it and who does not.#SOCAP19 pic.twitter.com/v9BFCbvjcd— NextBillion (@NextBillion) October 23, 2019
“Capital chases cheap.” Fascinating #SOCAP19 talk on the #FutureofWork @Participant #americanfactory pic.twitter.com/zU0rN522p0
— Gregory Coussa (@GregoryCoussa) October 23, 2019
We will be Live streaming all #SOCAP19 sessions that take place in Cowell Theater. The live stream is available on our website https://t.co/tTJzPFUeN3 🎉
— SOCAP – Social Capital Markets (@SOCAPmarkets) October 23, 2019
Congratulations to @MacFound & @PackardFdn for the launch of Terra Silva – a $90M catalytic capital fund for the protection of tropical forests.
We’re honored to be part of the Catalytic Capital Consortium #C3, a unique Impact Investing (#ImpInv) collaboration. https://t.co/zemMi9Ch26
— The Rockefeller Foundation (@RockefellerFdn) October 23, 2019
Check out our #SOCAP19 Highlights and Happenings: Wednesday Edition! Trust me you don’t want to miss this stuff. https://t.co/3igU4k0pV4 pic.twitter.com/XJyS5tLkgw
— SOCAP – Social Capital Markets (@SOCAPmarkets) October 23, 2019
Ouch: U.S. drops from #1 to #32 in new @TRF report on the best countries to be a #socialentrepreneur in 2019.
Massive drop since inaugural survey 3 years ago.
Why? “Political jitters.” #tiredofallthewinning
Congrats to new winner: Canada! #SOCAP19 #socent #socimp
— NextBillion (@NextBillion) October 23, 2019
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