Pierre Omidyar, co-founder of the Omidyar Network, discusses investing in both for-profit businesses and nonprofit organizations to scale social impact.
Critics have argued that charitable giving isn’t focused enough on the poor, isn’t sufficient to make a difference, is undemocratic, and more, but research—and history—show otherwise.
Funders serving as central node for a cross-sector, collaborative network have unique advantages for success in an advocacy environment.
There is no doubt that social change efforts are accelerated by data, but investing in high-quality, cutting-edge research alone isn’t enough to produce solutions. Funders and researchers have to invest more in translating research into action.