The Social Impact Podcast - Your Mark on the World with Devin Thorpe
Serving social entrepreneurs, impact investors, philanthropists and nonprofit leaders.
Nonprofit TechSoup Raises Money Via Regulation A+ From Large And Small Investors - #1159
September 18, 2019 06:00 AM PDT
In 2012, Congress passed and President Obama signed the JOBS Act, a law that authorized investment crowdfunding. A wide variety of for-profit businesses, many of them having a social mission, have taken advantage of the law to raise money from small investors under either Title III, implemented as Regulation Crowdfunding or Title VI, implemented as Regulation A+.
TechSoup is an international nonprofit that helps deliver technology to other nonprofits around the world. This innovative organization is using Regulation A+ to offer securities in the form of low-interest loans to the public.
CEO Rebecca Masisak joined me for this conversation to explain important details around the $11.5 million offering. Institutional investors are participating with investments in the millions of dollars. Small investors are participating in increments of just $50.
This is an innovative application of the JOBS Act and a rare opportunity for ordinary investors to participate in an impact investment opportunity.Kenyan Orphanage Receives Matching Funds From J&J #1158
September 16, 2019 06:00 AM PDT
CaringCrowd.org, by Johnson & Johnson Global Public Health, is a sponsor of the Your Mark on the World Center and GoodCrowd.info.
Rehema Home is an orphanage in Kenya that cares for children, about half of whom are HIV positive. These wonderful children are often in need of medical care. Rehema Home raised over $10,000 on CaringCrowd, Johnson & Johnson’s global health crowdfunding platform.
J&J generously matches individual donations up to $250. Of the $10,647 raised on CaringCrowd, $3,576 came from J&J in the form of matching funds.Father Of Social Entrepreneurship Says ‘Society Is At A Profound Turning Point’ - #1157
September 13, 2019 06:00 AM PDT
Bill Drayton, founder and CEO of Ashoka, literally coined the term “social entrepreneur” when he founded the nonprofit back in 1980, almost 40 years ago. He also decided that changemaker was one word and not two, something the Oxford dictionary now recognizes (though Webster’s does not, to the Drayton’s consternation). Drayton says, “We all sense that society is at a profound, indeed historic turning point.”
Before we explore the turning point, he’s talking about, let’s briefly review some of the history of Ashoka and social entrepreneurship.
The kernel of the idea for Ashoka came to Drayton, he says, when he was visiting India at age 18. On this journey, he began to appreciate that an entrepreneur could make systemic changes that could have profound implications in the lives of large numbers of people. He also began to appreciate how difficult it is to make that leap at almost any point in one’s life.
Read the full Forbes article and watch the interview here: http://bit.ly/34G2L03.When Climate Change Hit Home Julia Jackson Took Action - #1156
September 11, 2019 06:00 AM PDT
Personally impacted by wildfires in her Northern California community, Julia Jackson saw the impact of climate change and recognized that the time for talk was long past and went to work.
Julia created the nonprofit Grounded to accelerate the work of climate change reversing technologies. An admirer of Paul Hawken and his work at Project Drawdown, she has sought to accelerate some of the very technologies Paul and his team identified.
Never miss another interview! Join Devin here: http://bit.ly/joindevin.Capacity Building In Sub-Saharan Africa Health Clinics Saves Lives - #1155
September 09, 2019 06:00 AM PDT
LifeNet International is working to save lives in sub-Saharan Africa by building capacity within the existing health care infrastructure. By equipping the facilities and training the people there, the organization hopes to transform them, allowing them to save more lives.
Maggie Ehrenfried, managing director of development for LifeNet, joined me to talk about the organization’s impactful work and its success raising over $25,000 via CaringCrowd by Johnson & Johnson. She notes that nearly half of the funds raised came from the J&J match.
Never miss another interview! Join Devin here: http://bit.ly/joindevin.Using AI As A Guide This Organization Fights Climate Change By Empowering Women - #1154
September 06, 2019 06:00 AM PDT
"I am on a mission to provide clean and affordable energy to women and girls in African rural communities through the use of modern technologies like AI,” says Monique Ntumngia, 29, founder of the Green Girls Organisation working in Sub-Saharan Africa.
The organization uses a unique scoring algorithm called MNKB92 to optimize energy strategies for villages where they train women and girls to assemble and sell solar lamps and to deploy biodigesters to create methane for cooking and organic fertilizer for crops.
The organization provides the materials for free but receives a 40% cut of the revenue from the sale of fertilizer and solar lamps. The organization helps women find markets for the fertilizer.
Read the full Forbes article and watch the interview here: http://bit.ly/2jXKWqE.How To Implement The Latest Technology In Your Nonprofit - #1153
September 04, 2019 06:00 AM PDT
Having created a technology for nonprofits that has the potential to accelerate their fundraising and their impact using artificial intelligence and machine learning, Art Komarov has learned a few things about the adoption of new technology. He shares some powerful insights to help nonprofit leaders implement the latest and greatest tech for good.
Interview with Artiom (Art) Komarov, the Co-Founder and CEO of Wisely.
The following is the pre-interview with Artiom (Art) Komarov. Be sure to watch the recorded interview above.
Expert Tips: Adopting new technology? Here are some thoughts on how to get everyone in your organization on board:
Tip 1: Everyone has an “accidental technologist” in their organization: someone that ends up being a technical resource for their colleagues, without an official IT title. When you’re incorporating new technology into your organization, work closely with your ''accidental technologist'' to get buy-in and show the product's value. The rest of the team will follow.
Tip 2: Reinforce why you made the decision to implement new technology: Always come back to how the technology enables your mission and goals for the year. Employees need to see the technology as a tool that helps them achieve their daily, weekly and monthly goals, and hit their targets.
Tip 3: Embrace change! But acknowledge and recognize that fears about technology, old and new, are usually (secret) fears about change. Talk openly about it with your team and encourage their feedback along the way. Successful change management is the core of successful technology adoption and will help your organization achieve its goals more successfully and efficiently.
#final50This Tree Packs A Punch For Investors In Fight To Reverse Climate Change - #1152
September 03, 2019 06:00 AM PDT
Wendy Burton has been planting Empress Splendor trees for about two decades. With help from crowdfunded investors from Wefunder, along with accredited investors participating in a Regulation D 506(c) offering, her company, World Tree, will plant thousands of these carbon sucking trees across the western hemisphere.
She says the tree is the fastest-growing hardwood tree on the planet. While it grows in a range of climates, its method of reproduction limits its threat as an invasive species. Because the tree grows so quickly, it sequesters more carbon than other trees.
Investors typically buy an acre’s worth of trees—110 trees—but rather than receive the revenue from a particular acre of trees, investors get a pro-rata share of all the trees planted in the current year’s crop when harvested in ten years. Farmers who plant and care for the trees receive half the revenue; investors and World Tree split the other half of the revenue.
The first harvest, she says, could produce a financial return of nine to ten times the initial investment. The Wefunder campaign raised almost $1 million; the investment proceeds from the Reg D offering are larger.
#final50Social Entrepreneur Works To Bring 100 Million Underserved People Into Pakistani Financial System - #1151
August 30, 2019 06:00 AM PDT
Having created the fastest growing fintech company in Pakistan by on-boarding more than 70,000 people, Naureen Hyat, 33, co-founder and head of Tez Financial Services has a long way to go to reach her goal of financially empowering the 100 million people in her country who are unbanked or under-banked.
Visa recently held a Shark Tank-style competition for women entrepreneurs in around the world in two categories, fintech and social impact. Hyat won the $100,000 prize in the fintech arena—despite a genuine integration of social impact in her model. The prize also included mentorship and access to Visa products and services.
“Financial inclusion in Pakistan is extremely low. The World Bank estimates 100 million adults, out of a total population of 189 million, lack access to formal financial services. Low-income consumers in particular struggle to access credit, smooth cash flows, manage bumps and shocks, and save to meet their future goals,” says Tahira Dosani, managing director of Accion Venture Lab, a seed-stage fintech investor that has invested in Tez Financial Services and now serves on the board.
Read the full Forbes article and watch the interview here: http://bit.ly/30GMFAY.New Platform Aims To Match Diverse Candidates To Best Opportunities - #1150
August 28, 2019 06:00 AM PDT
The processes corporations use to find candidates to fill open positions is fraught with weaknesses that perpetuate bias. Arthur Woods of Mathison.io is hoping to change that for good.
Woods, despite being a white, not-yet middle-aged man, counts himself among diverse individuals. Like Alan Mathison Turing, the inventor of the first electronic computer for whom the company is named, Woods is gay.
Mathison.io provides a platform that applicants can quickly use to create a profile that allows them to identify all the ways they might be considered diverse, from ethnicity to gender identity and religion. It’s all there—with the goal of making sure everyone is represented.
Never miss another interview! Join Devin here: http://bit.ly/joindevin.
Host Devin Thorpe interviews CEOs, celebrities, social entrepreneurs, impact investors and others making a difference in the world. New episodes are posted five days a week.
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