Questions to take to SEWF2011
Next week is the Social Enterprise World Forum 2011 in Johannesburg. I will be there and happy to link up.
What bothers me about VC (Venture Capital), is the “exit strategy” or
simply exit. Most Venture Capital plans aim for the sale to a big
multinational (notably new social enterprise funding plans, as outlined
e.g. by the Young Foundation in their “Open Social” book show how this
can be done differently). Some questions I take to SEWF 2011 with me
are:
- Is one not placing undue power in the hands of the multinationals through regular VC strategy?
- Isn’t the more socially valuable exit to earn enough to buy back
portions of the company from VCs, so that one can pursue and independent
line, and make partnerships that don’t tie one to a particular
ideology?
- Can VC’s apply some of the social metrics (success criteria) to
measure public good of the projects they support and get support from
government/public bodies for this?
Ok, so you probably noticed it, I am a social entrepreneur and very
concerned about ethical business practice… SEWF 2011, here we come.
Posted: March 30th 2011 07:50
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