I have been working with a team on an exciting new paper focused on risk capital for social enterprises. Tim Freudlich, Jim Fruchterman, Jed Emerson, Loren Berlin and I finally sent it to the publisher in draft format, so please feel free to read it at the link below and comment. Abstract:
“A growing and global landscape of successful social enterprises, with both nonprofit and for-profit structures, has fallen through a critical risk-taking expansion capital gap. They are in need of investment to grow – investment that takes on the risk of the enterprise. This specific kind of expansion capital cannot easily be pieced together from limited grants, conventional equity or ill-fitted debt. As increasing numbers of social entrepreneurs and mission-based financiers seek to enter the playing field, a question stands out: Can the sector develop new instruments and sets of stakeholder relationships to meet this challenge? This paper explores the risk capital gap and its needs, the existing landscape of players, and proposes some potential solutions. It is not meant to be prescriptive, but instead forms part of an ongoing and necessary conversation between the sources and uses of capital.”
Download our paper on xigi by clicking here.
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