Enabling the Entrepreneur
Innovation is the engine that drives change, spurs growth, creates social impact and jobs, and propagates new ways of thinking. Entrepreneurs are the ones that launch the disruptive innovations that scale, but the impact landscape is inefficient and fragmented, with a conflicting mix of investor demands. Now, tools and approaches are emerging that need rapid replication to increase the volume of high quality deal flow.
Over the next few months, each working group will refine the scope of the project and announce the project's initial deliverables at SOCAP17 in San Francisco. Throughout the project, we will post updates, notes, and reports from each working group to give interested parties insight on how the project is progressing. Accordingly, some of the notes posted will not be fully fledged out ideas, concepts, or recommendations, but rather broad discussion points.
launch event discussion leaders
Notes: 6.19.17 - GCP Launch Event
Below are the key notes from the first Enabling the Entrepreneur working session of the Good Capital Project.
How can entrepreneurs connect more effectively to impact investors? There needs to be more transparent ways to make these connections. Currently, we do not have enough trusted intermediaries.
How can entrepreneurs best demonstrate their impact? There needs to be more frameworks at the industry level as opposed to asset classes. We need to be have better and more popular common standards for measuring impact.
How can family offices invest in entrepreneurs in a more efficient manner? They have to be clear about their knowledge and readiness.
Entrepreneurs need tools to navigate the system. We have to devise ways to make it easier so entrepreneurs do not have play dual roles of a financial analyst to understand how to do work within the system.
We need agreement and collaboration among funders. What do we have to have in order to have the funders talk to each other - shared due diligence, shared term sheets?
It is important for funders to communicate and share information about entrepreneurs with each other.
Why don’t businesses support organizations to communicate and share information with each other?
Why do entrepreneurs find it difficult to garner support and capital at the early stage?
How do we address the issue of race in access to capital?
Why is it hard for social entrepreneurs to access the capital they need?
How might we improve education between entrepreneurs and investors?