As the application deadline approaches for communityBUILD’s Social Venture Pipeline (April 15), I am having more calls with ventures asking about whether they’re a social enterprise. I find that I know a social enterprise when I see it. This means that I see that the mission permeates the culture of the enterprise and informs decision-making. However, it doesn’t overwhelm decision-making. The strongest social entrepreneurs are painfully aware of the balancing act they must master between the demands of running a business in a competitive marketplace and pursuing impact.
For example, I have a client whose mission is to recruit, train and pay fair wages to women Continue reading
One of the challenges for social ventures is to get funded whether in the form of grant, debt or equity. Even with the growth of impact investing, many funders don’t understand social enterprise sufficiently to take the risk to provide funding. That’s why the fourth in our five-part communityBUILD Speaker Series was focused on crowdfunding. It is a financial tool that is accessible to social enterprises where the wisdom of the crowd rather than a single funder will make the decision to meet your financial ask.
We had three excellent speakers with a depth in experience in crowdfunding that collectively gave the audience many pearls of wisdom. See the speakers’ profiles here.
I want to share some common observations among the three of them in regards to creating a successful rewards crowdfunding campaign.
communityBUILD’s Social Venture Pipeline opened for registration last week with a final application deadline of April 15, 2016. The program is designed to meet the needs of social ventures from Toronto and the GTA that are within sight of launch. These will be ventures that can benefit from the expertise and supports important for this stage of the startup journey. We want to help the strongest ventures with the potential to launch during or just after the Pipeline program to get across the start line to revenue and impact. Continue reading