It would be interesting to know more comparative details of the other SVC funds mentioned in your article. Acumen has had mixed success as measured by financial return and social impact. How are these other funds doing by comparison. It might be too early to tell but if they are mentioned it would be more informative to know if they are really doing something or just ideas on a website. Tandem fund for example has no information regarding any investments they have made nor what outcomes or financial returns they may have. No judgment of Tandem but ideas are one thing; outcomes are another. Now comes the judgment…. If your article and work is to stand up to scrutiny you need more analysis of these comparative funds to see if they are really making a difference and to answer the question of whether or not Acumen’s approach should be replicated.
In the Tomsk regional initiative which was a self-funded project, the social business approach was used by Terry Hallman to leverage $6 million investment for a microfinance bank.
Jaqueline Novogratz refers in a more recent TED presentation to the need for a global innovation fund. Here is a template for just that, created using the same profit-for-purpose approach
As one of the authors of the piece, I thought you might be interested in reading about a more generalized description of the type of “systems” or “ecosystem” driven approach that Acumen Fund takes.
“Novogratz was confident that the nets could revolutionize the prevention of malaria, a disease that disproportionately affects the poor, killing approximately 250 million people annually”
Whoever was supposed to edit this failed as a fact checker (and I’m pretty sure it was a Freudian slip by the authors).
relief india trustThe main objective of Relief India Trust is organizing relief and carrying on measures for rehabilitation in disasters and calamities.Relief India Trust arranges for distribution of medicine to children and poor in the villages where we hold our medicine relief programs.
COMMENTS
BY Anonymous
ON November 26, 2010 05:48 AM
It would be interesting to know more comparative details of the other SVC funds mentioned in your article. Acumen has had mixed success as measured by financial return and social impact. How are these other funds doing by comparison. It might be too early to tell but if they are mentioned it would be more informative to know if they are really doing something or just ideas on a website. Tandem fund for example has no information regarding any investments they have made nor what outcomes or financial returns they may have. No judgment of Tandem but ideas are one thing; outcomes are another. Now comes the judgment…. If your article and work is to stand up to scrutiny you need more analysis of these comparative funds to see if they are really making a difference and to answer the question of whether or not Acumen’s approach should be replicated.
BY Jeff Mowatt
ON January 30, 2011 01:11 PM
In the Tomsk regional initiative which was a self-funded project, the social business approach was used by Terry Hallman to leverage $6 million investment for a microfinance bank.
http://www.iccrimea.org/scholarly/economicdev.html
Jaqueline Novogratz refers in a more recent TED presentation to the need for a global innovation fund. Here is a template for just that, created using the same profit-for-purpose approach
http://en.for-ua.com/analytics/2007/08/09/110003.html
BY Justin Chakma
ON February 21, 2011 08:19 AM
As one of the authors of the piece, I thought you might be interested in reading about a more generalized description of the type of “systems” or “ecosystem” driven approach that Acumen Fund takes.
http://blogs.hbr.org/govindarajan/2011/02/what-venture-capital-can-learn.html
BY Timothy Underwood
ON November 3, 2013 08:32 PM
“Novogratz was confident that the nets could revolutionize the prevention of malaria, a disease that disproportionately affects the poor, killing approximately 250 million people annually”
Whoever was supposed to edit this failed as a fact checker (and I’m pretty sure it was a Freudian slip by the authors).
BY reliefindia trust
ON January 8, 2014 08:01 AM
relief india trustThe main objective of Relief India Trust is organizing relief and carrying on measures for rehabilitation in disasters and calamities.Relief India Trust arranges for distribution of medicine to children and poor in the villages where we hold our medicine relief programs.