26 February 2010
GoodCompany: Can Venture Capital Change the World?
GoodCompany Ventures will announce its 2010 Venture Incubator for Social Entrepreneurs at a launch event next Thursday, March 4th from 6-8 pm in New York City.
I'm excited to be moderating a conversation between some of the most prominent advocates for both early stage investment and social enterprise, including
Fred Wilson, founder of Union Square Ventures, an advocate for early stage investment and author of the influential A VC blog;
Jacqueline Novogratz, author of The Blue Sweater, and the founder of Acumen Fund, a global nonprofit venture philanthropy fund that uses entrepreneurial approaches to solve the problems of global poverty;
Roger Ehrenberg, founder of IA Venture Strategies, one of the most active angel investors in New York, and author of the blog Information Arbitrage;
and Jacob Gray, a partner at Murex Investments, a leading double-bottom-line venture fund, and a GoodCompany board member.
We'll be talking about the power of capital -- early stage and patient -- to catalyze change through investing in entrepreneurs and their innovations. GoodCompany believes that financial and societal returns are not mutually exclusive.
As Garrett Melby, co-founder and CEO of GoodCompany Ventures said in a press release, "Our mission is to help entrepreneurs and investors reconcile purpose and profit. We are excited to have four such influential and innovative investors come together to highlight new models for harnessing private capital to drive lasting social impact"
GoodCompany's 2009 pilot program in Philadelphia was the first incubator in the country to adopt venture capital strategies to the needs of social enterprises.
The 2009 program attracted social entrepreneurs from around the globe, in fields such as Cleantech, Education, Public Health, Social Finance and Community Development. Several companies from the 2009 cohort will do Ignite-style flash pitches at the event.
Applications for the 2010 GoodCompany Ventures Program will be accepted beginning March 5th.
The launch event is being hosted by GoodCompany Ventures, in partnership with Green Spaces, at their Tribeca co-working facility located at 394 Broadway, New York NY 10013.
Green Spaces forwards the sustainability movement globally through widespread local hubs that incubate social and environmental entrepreneurs.
Advance tickets are required for this event and are available at http://gcvpanel.eventbrite.com.
(Disclosure: I am on the Advisory Board of GoodCompany Ventures.)