Skip to content

My One Big Idea for Baltimore

October 15, 2012

Technical.ly 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, Salesforce.com 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.

About these ads

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.

%d bloggers like this: