daily purefix: how do you echo green?

05/14/2010

It’s Friday!  Hope you all have some exciting and/or relaxing plans for the weekend!

Today’s daily dose of inspiration comes from my friends at Echoing Green, who hosted ‘Meet the Finalists’ last night.  If you don’t know about this amazing organization providing risk capital and other resources to early stage social ventures around the world, PLEASE CHECK THEM OUT!  And have a look at the video below to ‘Meet the 2010 Finalists.’

Last night I experienced first hand how fast the world is changing!  In the 5 years or so, not only has this annual event grown from being hosted in a small bar to a large auditorium at the Credit Suisse financial headquarters (who have sponsored the entire finalist selection weekend), but the entire place was full of bankers staring in seeming awe.  I wish I could appropriately convey the powerful energy in the room when the night’s host, Charley Rose of Cityyear, asked everyone to pause for 30 seconds of silence to ponder the impact of the ten 90-second Finalist pitches they had just hear; WOW!  You see, Echoing Green Fellows, on average, have raised 44 times the initial capital provided by Echoing Green.  This is a staggering multiple that is impressive to any financier.  Point: the financial markets are watching and listening closely to this rapidly growing movement around social innovation, creative entrepreneurship, venture philanthropy, conscious capitalism, or whatever other name you want to give it.  The fact is our systems are crashing and a new world is emerging, a world where doing good with dollars is the only, and I mean ONLY, way forward to a more sustainable future.  So, put on your thinking caps, get into your creative flow, and ask yourself how YOU can help tear down the walls that separate the non-profit ethos with the for-profit incentive.  One final note; we are human and we are driven by self interest.  This is not a bad thing, per se.  Let’s find the intersection where doing the right thing meets personal satisfaction, in a balanced manner I might add.

There are some bold statements here and I would love to hear your thoughts, so please feel free to leave a comment or shoot me a note.

Enjoy the rest of your day and have a lovely weekend!  And I’m only including one item below today, as the impact here deserves to stand alone!

___________________

MEET THE ECHOING GREEN 2010 FINALISTS

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