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My One Big Idea for Baltimore

October 15, 2012 Baltimore asked me to give my “one big idea” for Baltimore and this is what I came up with. As I’ve blogged about before, I really believe Baltimore can become a hub for social innovation and social entrepreneurship.

And while we’re on the topic of social entrepreneurship, I finally had a moment to watch the “Impact Capital Is The New Asset Class” panel discussion at the Forbes 400 Summit on Philanthropy. It was a great panel that included venture capitalists Marc Andreessen of Andreessen Horowitz and Jim Breyer of Accel Partners, CEO Marc Benioff, and Echoing Green President Cheryl Dorsey.

The most fascinating comment came from Dorsey, who credits Millennials for helping to redirect Echoing Green’s investment strategy. Prior to 2007, the vast majority of Echoing Green’s deal flow involved traditional nonprofit organizations; since 2007, commercial businesses, hybrid organizations, benefit corporations, etc. have accounted for 40 percent of Echoing Green’s deal flow. Quite striking to see such a quick evolution in such a short period.

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