SlideShare a Scribd company logo
1 of 11
Download to read offline
What is
venture
Philanthropy?
What is Venture Philanthropy
I believe Philanthropy is not about giving money but about
solving problems. This is at least the philosophy we follow at the
Financial Policy Council
I also believe a philanthropist should think like an entrepreneur
and think of social challenges as an opportunity to create large
enterprises.
It’s really easy to create a $1 billion company–you just have to
solve a $10 billion problem.
Most of these large $10 to $100 billion problems happen to be
social problems.
That’s why I think that some of the largest opportunity exist for
an entrepreneur in solving humanity’s grand challenges.
True philanthropy requires a disruptive mindset, innovative
thinking and a philosophy driven by entrepreneurial insights and
creative opportunities.
To disrupt the statusquo, drive philanthropy at tremendous
scale, and develop long-term economic vitality through giving,
we must apply the same models for successin our philanthropic
endeavors as we do in business.
As a lifelong entrepreneur and financier, I see philanthropic
organizations the same as any other business venture.
Much like today’s start-upsthat accept VC money but never turn
a profit, a philanthropic venture that does not create a self-
monetizing, sustainable financial model will ultimately fail.
In short, philanthropy requires disruption.
This disruptive mindset hinges on a practice I call
EntrepreneurialPhilanthropy, which is designed to support
innovation that creates sustainable, thriving economies in
communitieswith tremendousneed.
Further, it requires the utilization of several principles rooted in
today’s successfulenterprises.
SustainableSolutions
A venture that’s not profitable is not sustainable. Philanthropic
funds should be treated as venture capital that should only be
used to bootstrap a business and to scale the business once the
businessmodel has been proven on a smaller scale.
Dreaming Big
Truly disruptive philanthropic endeavors, much like business
ventures, need to think big, targeting tremendouslylarge
markets and opportunities.
Solving a problem in the millions will never catapult your
businessinto the league of billions.
In other words, if you want to create a company worth $1 billion,
you must solve a $10 billion problem.
There are many philanthropists and volunteers who act locally,
giving tirelessly, donating their time and money to help the sick,
poor and other individuals most in need.
But why stop there?
Philanthropic work on the local level is wonderful, but time and
again it has proven incapable of reaching the scale we need to
foster economic development and leading to the monumental
changes we all seek.
Scalable Solution for Global Markets
To do that, we need scale. If we go into a philanthropic endeavor
afraid of successon the largest of scales, we do that cause no
justice.
This requires rethinking the solution and the problem, which
generally requires us to convert infrastructure problems into
information-gap problems. Our job, indeed our collective goal, is
to bridge that gap.
Educationfor example should not be about maintaining a system
that dates back to the industrial revolution.
We can achieve so much more, at unmatched scale with
software and interactive learning.
Similarly, think about the healthcare diagnostics we can address
through connectedsensors and artificial intelligence without the
need for expensive, out-of-date physical infrastructure like
hospitals.
Build Great Teams
While most philanthropists tend to flock together and build their
teams around friends, family, or others who happen to be
retired or with a lot of free time on their hands,
a great entrepreneur knows that success is directly related to the
quality and talents of their team.
We cannot just partner with whoever might be available or
share our passion during their retirement.
Successfulventures in business or philanthropy are built around
great teams who can help us overcome tremendous challenges–
and have the right experiences and relationships to do so.
Bottom Line:
EntrepreneurialPhilanthropy is not just a philosophy or a dream.
It is a promise that philanthropy is at its best when it is founded
on entrepreneurial zest and agility.
Investors are right to demand a clear path to self-sustainability
from every business they invest in, and I believe we should ask
for the same from philanthropy.
Indeed, there is a direct correlation between fulfilling peoples’
needs as a successfulentrepreneur and as a philanthropist.
This is why the work of entrepreneurial philanthropists has a
compoundingimpact that reverberates far beyond the reaches
of charity, aid and relief efforts.
Money can certainly solve some of the world’s problems, but
without an entrepreneurial bent it will only merit short-lived
solutions to long-term problems
Thank you,
Follow Ziad K Abdelnour @

More Related Content

What's hot

Nmp 650 e-portfolio assignment 2 - a gould
Nmp 650   e-portfolio assignment 2 - a gouldNmp 650   e-portfolio assignment 2 - a gould
Nmp 650 e-portfolio assignment 2 - a gouldAthenaJG
 
High Net Worth Individuals Fundraising
High Net Worth Individuals FundraisingHigh Net Worth Individuals Fundraising
High Net Worth Individuals FundraisingThomas Müller
 
"Crowdfunding" How to Crowdfund
"Crowdfunding" How to Crowdfund"Crowdfunding" How to Crowdfund
"Crowdfunding" How to CrowdfundEli Regalado
 
Crowdfunding indian scenario(new)
Crowdfunding indian scenario(new)Crowdfunding indian scenario(new)
Crowdfunding indian scenario(new)Aseem R
 
Fundamentals of fundraising & fundraising strategies
Fundamentals of fundraising & fundraising strategiesFundamentals of fundraising & fundraising strategies
Fundamentals of fundraising & fundraising strategiesPradeep Panda
 
Introduction to Social Venture Partners
Introduction to Social Venture PartnersIntroduction to Social Venture Partners
Introduction to Social Venture Partnersbrad.brown1
 
About Social Good Strategies
About Social Good StrategiesAbout Social Good Strategies
About Social Good StrategiesKate Azar
 
Crowdfunding x Scholarship
Crowdfunding x ScholarshipCrowdfunding x Scholarship
Crowdfunding x ScholarshipSimon Douw
 
Fundraising Field Guide v1.0
Fundraising Field Guide v1.0Fundraising Field Guide v1.0
Fundraising Field Guide v1.0Carlos Espinal
 
Major Gifts Powerpoint 1
Major Gifts Powerpoint 1Major Gifts Powerpoint 1
Major Gifts Powerpoint 1terwoz
 
Promoting Social Investment in Canadian Social Enterprises: Successes and Ch...
Promoting Social Investment in Canadian Social Enterprises:  Successes and Ch...Promoting Social Investment in Canadian Social Enterprises:  Successes and Ch...
Promoting Social Investment in Canadian Social Enterprises: Successes and Ch...Social Finance
 
Major Gifts: Moves Management Made Easy
Major Gifts: Moves Management Made EasyMajor Gifts: Moves Management Made Easy
Major Gifts: Moves Management Made Easy4Good.org
 
Six Questions in the New Normal
Six Questions in the New NormalSix Questions in the New Normal
Six Questions in the New Normalmichaeleguillot
 

What's hot (20)

Nmp 650 e-portfolio assignment 2 - a gould
Nmp 650   e-portfolio assignment 2 - a gouldNmp 650   e-portfolio assignment 2 - a gould
Nmp 650 e-portfolio assignment 2 - a gould
 
Fundraising 101
Fundraising 101Fundraising 101
Fundraising 101
 
High Net Worth Individuals Fundraising
High Net Worth Individuals FundraisingHigh Net Worth Individuals Fundraising
High Net Worth Individuals Fundraising
 
Strategic Philanthropy - What Most Needs Doing Dec. 2012 WINK Calgary
Strategic Philanthropy - What Most Needs Doing Dec. 2012 WINK CalgaryStrategic Philanthropy - What Most Needs Doing Dec. 2012 WINK Calgary
Strategic Philanthropy - What Most Needs Doing Dec. 2012 WINK Calgary
 
"Crowdfunding" How to Crowdfund
"Crowdfunding" How to Crowdfund"Crowdfunding" How to Crowdfund
"Crowdfunding" How to Crowdfund
 
Crowdfunding indian scenario(new)
Crowdfunding indian scenario(new)Crowdfunding indian scenario(new)
Crowdfunding indian scenario(new)
 
Fundamentals of fundraising & fundraising strategies
Fundamentals of fundraising & fundraising strategiesFundamentals of fundraising & fundraising strategies
Fundamentals of fundraising & fundraising strategies
 
Introduction to Social Venture Partners
Introduction to Social Venture PartnersIntroduction to Social Venture Partners
Introduction to Social Venture Partners
 
Passing the buck
Passing the buckPassing the buck
Passing the buck
 
NFP Capability Building
NFP Capability BuildingNFP Capability Building
NFP Capability Building
 
Developing a Culture
Developing a CultureDeveloping a Culture
Developing a Culture
 
About Social Good Strategies
About Social Good StrategiesAbout Social Good Strategies
About Social Good Strategies
 
Crowdfunding x Scholarship
Crowdfunding x ScholarshipCrowdfunding x Scholarship
Crowdfunding x Scholarship
 
Fundraising Field Guide v1.0
Fundraising Field Guide v1.0Fundraising Field Guide v1.0
Fundraising Field Guide v1.0
 
Major Gifts Powerpoint 1
Major Gifts Powerpoint 1Major Gifts Powerpoint 1
Major Gifts Powerpoint 1
 
Promoting Social Investment in Canadian Social Enterprises: Successes and Ch...
Promoting Social Investment in Canadian Social Enterprises:  Successes and Ch...Promoting Social Investment in Canadian Social Enterprises:  Successes and Ch...
Promoting Social Investment in Canadian Social Enterprises: Successes and Ch...
 
Major Gifts: Moves Management Made Easy
Major Gifts: Moves Management Made EasyMajor Gifts: Moves Management Made Easy
Major Gifts: Moves Management Made Easy
 
Grant Services
Grant ServicesGrant Services
Grant Services
 
Major Gifts Fundraising
Major Gifts FundraisingMajor Gifts Fundraising
Major Gifts Fundraising
 
Six Questions in the New Normal
Six Questions in the New NormalSix Questions in the New Normal
Six Questions in the New Normal
 

Viewers also liked

Nnf 11 1 working wik for newcomers
Nnf 11 1 working wik for newcomersNnf 11 1 working wik for newcomers
Nnf 11 1 working wik for newcomersdianascearce
 
Strategies for Foundations: When, Why and How to Use Venture Philanthropy
Strategies for Foundations: When, Why and How to Use Venture PhilanthropyStrategies for Foundations: When, Why and How to Use Venture Philanthropy
Strategies for Foundations: When, Why and How to Use Venture PhilanthropyAshley Metz
 
A Guide to Venture Philanthropy for Venture Capital & Private Equity Investors
A Guide to Venture Philanthropy for Venture Capital & Private Equity Investors A Guide to Venture Philanthropy for Venture Capital & Private Equity Investors
A Guide to Venture Philanthropy for Venture Capital & Private Equity Investors Ashley Metz
 
Social entrepreneurship and venture philanthropy
Social entrepreneurship and venture philanthropySocial entrepreneurship and venture philanthropy
Social entrepreneurship and venture philanthropyalisalmandp
 
Introduction to Venture Capital and Private Equity
Introduction to Venture Capital and Private EquityIntroduction to Venture Capital and Private Equity
Introduction to Venture Capital and Private Equityguest89b446
 
Introduction to Venture Capital
Introduction to Venture CapitalIntroduction to Venture Capital
Introduction to Venture Capitalpricew
 
Venture Philanthropy in Development: Dynamics, Challenges and Lessons in the ...
Venture Philanthropy in Development: Dynamics, Challenges and Lessons in the ...Venture Philanthropy in Development: Dynamics, Challenges and Lessons in the ...
Venture Philanthropy in Development: Dynamics, Challenges and Lessons in the ...The Rockefeller Foundation
 
15 popular crowdfunding sites for social causes
15 popular crowdfunding sites for social causes15 popular crowdfunding sites for social causes
15 popular crowdfunding sites for social causesDevex
 
SlideShare Experts - 7 Experts Reveal Their Presentation Design Secrets
SlideShare Experts - 7 Experts Reveal Their Presentation Design SecretsSlideShare Experts - 7 Experts Reveal Their Presentation Design Secrets
SlideShare Experts - 7 Experts Reveal Their Presentation Design SecretsEugene Cheng
 

Viewers also liked (10)

Nnf 11 1 working wik for newcomers
Nnf 11 1 working wik for newcomersNnf 11 1 working wik for newcomers
Nnf 11 1 working wik for newcomers
 
Strategies for Foundations: When, Why and How to Use Venture Philanthropy
Strategies for Foundations: When, Why and How to Use Venture PhilanthropyStrategies for Foundations: When, Why and How to Use Venture Philanthropy
Strategies for Foundations: When, Why and How to Use Venture Philanthropy
 
A Guide to Venture Philanthropy for Venture Capital & Private Equity Investors
A Guide to Venture Philanthropy for Venture Capital & Private Equity Investors A Guide to Venture Philanthropy for Venture Capital & Private Equity Investors
A Guide to Venture Philanthropy for Venture Capital & Private Equity Investors
 
Social entrepreneurship and venture philanthropy
Social entrepreneurship and venture philanthropySocial entrepreneurship and venture philanthropy
Social entrepreneurship and venture philanthropy
 
Introduction to Venture Capital and Private Equity
Introduction to Venture Capital and Private EquityIntroduction to Venture Capital and Private Equity
Introduction to Venture Capital and Private Equity
 
Introduction to Venture Capital
Introduction to Venture CapitalIntroduction to Venture Capital
Introduction to Venture Capital
 
Venture Philanthropy in Development: Dynamics, Challenges and Lessons in the ...
Venture Philanthropy in Development: Dynamics, Challenges and Lessons in the ...Venture Philanthropy in Development: Dynamics, Challenges and Lessons in the ...
Venture Philanthropy in Development: Dynamics, Challenges and Lessons in the ...
 
15 popular crowdfunding sites for social causes
15 popular crowdfunding sites for social causes15 popular crowdfunding sites for social causes
15 popular crowdfunding sites for social causes
 
Venture capital ppt
Venture capital pptVenture capital ppt
Venture capital ppt
 
SlideShare Experts - 7 Experts Reveal Their Presentation Design Secrets
SlideShare Experts - 7 Experts Reveal Their Presentation Design SecretsSlideShare Experts - 7 Experts Reveal Their Presentation Design Secrets
SlideShare Experts - 7 Experts Reveal Their Presentation Design Secrets
 

Similar to What is Venture Philanthropy

Rethinking the Social Responsibility of BusinessA Reason debate fe.docx
Rethinking the Social Responsibility of BusinessA Reason debate fe.docxRethinking the Social Responsibility of BusinessA Reason debate fe.docx
Rethinking the Social Responsibility of BusinessA Reason debate fe.docxzmark3
 
To change nz we need a strategic plan
To change nz we need a strategic planTo change nz we need a strategic plan
To change nz we need a strategic planEco-Lifestle Club
 
Entrepreneurship
EntrepreneurshipEntrepreneurship
Entrepreneurshipsamfeldman
 
Charity Finance Group - Finance Focus
Charity Finance Group - Finance FocusCharity Finance Group - Finance Focus
Charity Finance Group - Finance FocusTom Davies
 
Consultancy services to msmes & start ups entrepreneurs
Consultancy services to msmes & start ups entrepreneursConsultancy services to msmes & start ups entrepreneurs
Consultancy services to msmes & start ups entrepreneursCA. (Dr.) Rajkumar Adukia
 
Good Capital Presentation
Good Capital PresentationGood Capital Presentation
Good Capital PresentationRunway Project
 
Building your business empire
Building your business empire Building your business empire
Building your business empire Stephen Akintayo
 
Ethics and entrepreneurship
Ethics and entrepreneurshipEthics and entrepreneurship
Ethics and entrepreneurshipIndunath Jha
 
Scaling Social Entrepreneurship MIT Sloan January 2015
Scaling Social Entrepreneurship MIT Sloan January 2015Scaling Social Entrepreneurship MIT Sloan January 2015
Scaling Social Entrepreneurship MIT Sloan January 2015Robert H. Hacker
 
Developing Flexible Software Using Agent Oriented Software...
Developing Flexible Software Using Agent Oriented Software...Developing Flexible Software Using Agent Oriented Software...
Developing Flexible Software Using Agent Oriented Software...Sheila Guy
 
ViM People VisionQuest
ViM People VisionQuestViM People VisionQuest
ViM People VisionQuestViMPeople
 
Funding for Lean Impact by Christie George
Funding for Lean Impact by Christie GeorgeFunding for Lean Impact by Christie George
Funding for Lean Impact by Christie GeorgeLean Startup Co.
 
Consider08 When the Dream Hits Reality
Consider08 When the Dream Hits RealityConsider08 When the Dream Hits Reality
Consider08 When the Dream Hits RealityVernice Chua
 
How To Be A Good Entrepreneur
How To Be A Good EntrepreneurHow To Be A Good Entrepreneur
How To Be A Good EntrepreneurJen Santiago
 
Civic Entrepreneurs
Civic EntrepreneursCivic Entrepreneurs
Civic EntrepreneursLorie Harris
 
Entrepreneurs Are Not Made They Are Born
Entrepreneurs Are Not Made They Are BornEntrepreneurs Are Not Made They Are Born
Entrepreneurs Are Not Made They Are BornDenise Enriquez
 

Similar to What is Venture Philanthropy (20)

Rethinking the Social Responsibility of BusinessA Reason debate fe.docx
Rethinking the Social Responsibility of BusinessA Reason debate fe.docxRethinking the Social Responsibility of BusinessA Reason debate fe.docx
Rethinking the Social Responsibility of BusinessA Reason debate fe.docx
 
To change nz we need a strategic plan
To change nz we need a strategic planTo change nz we need a strategic plan
To change nz we need a strategic plan
 
Entrepreneurship
EntrepreneurshipEntrepreneurship
Entrepreneurship
 
Charity Finance Group - Finance Focus
Charity Finance Group - Finance FocusCharity Finance Group - Finance Focus
Charity Finance Group - Finance Focus
 
Consultancy services to msmes & start ups entrepreneurs
Consultancy services to msmes & start ups entrepreneursConsultancy services to msmes & start ups entrepreneurs
Consultancy services to msmes & start ups entrepreneurs
 
The Concept Of An Entrepreneurship
The Concept Of An EntrepreneurshipThe Concept Of An Entrepreneurship
The Concept Of An Entrepreneurship
 
Good Capital Presentation
Good Capital PresentationGood Capital Presentation
Good Capital Presentation
 
Radically Inclusive Enterprise Support
Radically Inclusive Enterprise SupportRadically Inclusive Enterprise Support
Radically Inclusive Enterprise Support
 
Building your business empire
Building your business empire Building your business empire
Building your business empire
 
Ethics and entrepreneurship
Ethics and entrepreneurshipEthics and entrepreneurship
Ethics and entrepreneurship
 
Scaling Social Entrepreneurship MIT Sloan January 2015
Scaling Social Entrepreneurship MIT Sloan January 2015Scaling Social Entrepreneurship MIT Sloan January 2015
Scaling Social Entrepreneurship MIT Sloan January 2015
 
Developing Flexible Software Using Agent Oriented Software...
Developing Flexible Software Using Agent Oriented Software...Developing Flexible Software Using Agent Oriented Software...
Developing Flexible Software Using Agent Oriented Software...
 
MAKE LUCK HISTORY Services
MAKE LUCK HISTORY ServicesMAKE LUCK HISTORY Services
MAKE LUCK HISTORY Services
 
ViM People VisionQuest
ViM People VisionQuestViM People VisionQuest
ViM People VisionQuest
 
Funding for Lean Impact by Christie George
Funding for Lean Impact by Christie GeorgeFunding for Lean Impact by Christie George
Funding for Lean Impact by Christie George
 
Consider08 When the Dream Hits Reality
Consider08 When the Dream Hits RealityConsider08 When the Dream Hits Reality
Consider08 When the Dream Hits Reality
 
How To Be A Good Entrepreneur
How To Be A Good EntrepreneurHow To Be A Good Entrepreneur
How To Be A Good Entrepreneur
 
Civic Entrepreneurs
Civic EntrepreneursCivic Entrepreneurs
Civic Entrepreneurs
 
Entrepreneurs Are Not Made They Are Born
Entrepreneurs Are Not Made They Are BornEntrepreneurs Are Not Made They Are Born
Entrepreneurs Are Not Made They Are Born
 
Lecture 3-4.pptx
Lecture 3-4.pptxLecture 3-4.pptx
Lecture 3-4.pptx
 

More from Ziad K Abdelnour

Disrupting the real estate market using big data and machine learning
Disrupting the real estate market using big data and machine learningDisrupting the real estate market using big data and machine learning
Disrupting the real estate market using big data and machine learningZiad K Abdelnour
 
All what I want for Christmas is the Truth
All what I want for Christmas is the TruthAll what I want for Christmas is the Truth
All what I want for Christmas is the TruthZiad K Abdelnour
 
My Personal Opinion on Iran’s Nuclear Deal
My Personal Opinion on Iran’s Nuclear DealMy Personal Opinion on Iran’s Nuclear Deal
My Personal Opinion on Iran’s Nuclear DealZiad K Abdelnour
 
How's ISIS able to make Millions each day from Oil Sales
How's ISIS able to make Millions each day from Oil SalesHow's ISIS able to make Millions each day from Oil Sales
How's ISIS able to make Millions each day from Oil SalesZiad K Abdelnour
 
Standing with Donald Trump
Standing with Donald TrumpStanding with Donald Trump
Standing with Donald TrumpZiad K Abdelnour
 
Start Up Ecosystem in Lebanon
Start Up Ecosystem in LebanonStart Up Ecosystem in Lebanon
Start Up Ecosystem in LebanonZiad K Abdelnour
 
Top 6 Geopolitical Predictions for 2015
Top 6 Geopolitical Predictions for 2015Top 6 Geopolitical Predictions for 2015
Top 6 Geopolitical Predictions for 2015Ziad K Abdelnour
 
Most Inspiring, Motivational and Successful Life Quotes
Most Inspiring, Motivational and Successful Life QuotesMost Inspiring, Motivational and Successful Life Quotes
Most Inspiring, Motivational and Successful Life QuotesZiad K Abdelnour
 
Is Deep Water Oil Drilling a National Security Issue
Is Deep Water Oil Drilling a National Security IssueIs Deep Water Oil Drilling a National Security Issue
Is Deep Water Oil Drilling a National Security IssueZiad K Abdelnour
 
All What I Want for Christmas is the Truth
All What I Want for Christmas is the TruthAll What I Want for Christmas is the Truth
All What I Want for Christmas is the TruthZiad K Abdelnour
 
What Venture Capitalists will not Tell you
What Venture Capitalists will not Tell youWhat Venture Capitalists will not Tell you
What Venture Capitalists will not Tell youZiad K Abdelnour
 
An Important Message to the People who want to Enter the Physical Commodities...
An Important Message to the People who want to Enter the Physical Commodities...An Important Message to the People who want to Enter the Physical Commodities...
An Important Message to the People who want to Enter the Physical Commodities...Ziad K Abdelnour
 
What I Really Want to see In My LifeTime
What I Really Want to see In My LifeTimeWhat I Really Want to see In My LifeTime
What I Really Want to see In My LifeTimeZiad K Abdelnour
 
Getting What you Want out of Life
Getting What you Want out of LifeGetting What you Want out of Life
Getting What you Want out of LifeZiad K Abdelnour
 
5 Questions About Syria You Should know!!!
5 Questions About Syria You Should know!!!5 Questions About Syria You Should know!!!
5 Questions About Syria You Should know!!!Ziad K Abdelnour
 
Do we Really need to Reduce US Debt
Do we Really need to Reduce US DebtDo we Really need to Reduce US Debt
Do we Really need to Reduce US DebtZiad K Abdelnour
 
How do you Deal with a Large Competitor - Ziad Abdelnour
How do you Deal with a Large Competitor - Ziad AbdelnourHow do you Deal with a Large Competitor - Ziad Abdelnour
How do you Deal with a Large Competitor - Ziad AbdelnourZiad K Abdelnour
 
Being rich is better than not being rich, now that you're rich,what's next
Being rich is better than not being rich, now that you're rich,what's nextBeing rich is better than not being rich, now that you're rich,what's next
Being rich is better than not being rich, now that you're rich,what's nextZiad K Abdelnour
 

More from Ziad K Abdelnour (20)

Disrupting the real estate market using big data and machine learning
Disrupting the real estate market using big data and machine learningDisrupting the real estate market using big data and machine learning
Disrupting the real estate market using big data and machine learning
 
All what I want for Christmas is the Truth
All what I want for Christmas is the TruthAll what I want for Christmas is the Truth
All what I want for Christmas is the Truth
 
My Personal Opinion on Iran’s Nuclear Deal
My Personal Opinion on Iran’s Nuclear DealMy Personal Opinion on Iran’s Nuclear Deal
My Personal Opinion on Iran’s Nuclear Deal
 
How's ISIS able to make Millions each day from Oil Sales
How's ISIS able to make Millions each day from Oil SalesHow's ISIS able to make Millions each day from Oil Sales
How's ISIS able to make Millions each day from Oil Sales
 
Standing with Donald Trump
Standing with Donald TrumpStanding with Donald Trump
Standing with Donald Trump
 
Start Up Ecosystem in Lebanon
Start Up Ecosystem in LebanonStart Up Ecosystem in Lebanon
Start Up Ecosystem in Lebanon
 
Top 6 Geopolitical Predictions for 2015
Top 6 Geopolitical Predictions for 2015Top 6 Geopolitical Predictions for 2015
Top 6 Geopolitical Predictions for 2015
 
Most Inspiring, Motivational and Successful Life Quotes
Most Inspiring, Motivational and Successful Life QuotesMost Inspiring, Motivational and Successful Life Quotes
Most Inspiring, Motivational and Successful Life Quotes
 
Is Deep Water Oil Drilling a National Security Issue
Is Deep Water Oil Drilling a National Security IssueIs Deep Water Oil Drilling a National Security Issue
Is Deep Water Oil Drilling a National Security Issue
 
All What I Want for Christmas is the Truth
All What I Want for Christmas is the TruthAll What I Want for Christmas is the Truth
All What I Want for Christmas is the Truth
 
What Venture Capitalists will not Tell you
What Venture Capitalists will not Tell youWhat Venture Capitalists will not Tell you
What Venture Capitalists will not Tell you
 
An Important Message to the People who want to Enter the Physical Commodities...
An Important Message to the People who want to Enter the Physical Commodities...An Important Message to the People who want to Enter the Physical Commodities...
An Important Message to the People who want to Enter the Physical Commodities...
 
OUTSMARTING ISIS
OUTSMARTING ISISOUTSMARTING ISIS
OUTSMARTING ISIS
 
Private Equity Investing
Private Equity InvestingPrivate Equity Investing
Private Equity Investing
 
What I Really Want to see In My LifeTime
What I Really Want to see In My LifeTimeWhat I Really Want to see In My LifeTime
What I Really Want to see In My LifeTime
 
Getting What you Want out of Life
Getting What you Want out of LifeGetting What you Want out of Life
Getting What you Want out of Life
 
5 Questions About Syria You Should know!!!
5 Questions About Syria You Should know!!!5 Questions About Syria You Should know!!!
5 Questions About Syria You Should know!!!
 
Do we Really need to Reduce US Debt
Do we Really need to Reduce US DebtDo we Really need to Reduce US Debt
Do we Really need to Reduce US Debt
 
How do you Deal with a Large Competitor - Ziad Abdelnour
How do you Deal with a Large Competitor - Ziad AbdelnourHow do you Deal with a Large Competitor - Ziad Abdelnour
How do you Deal with a Large Competitor - Ziad Abdelnour
 
Being rich is better than not being rich, now that you're rich,what's next
Being rich is better than not being rich, now that you're rich,what's nextBeing rich is better than not being rich, now that you're rich,what's next
Being rich is better than not being rich, now that you're rich,what's next
 

Recently uploaded

Borderless Access - Global B2B Panel book-unlock 2024
Borderless Access - Global B2B Panel book-unlock 2024Borderless Access - Global B2B Panel book-unlock 2024
Borderless Access - Global B2B Panel book-unlock 2024Borderless Access
 
Trauma Training Service for First Responders
Trauma Training Service for First RespondersTrauma Training Service for First Responders
Trauma Training Service for First RespondersBPOQe
 
Live-Streaming in the Music Industry Webinar
Live-Streaming in the Music Industry WebinarLive-Streaming in the Music Industry Webinar
Live-Streaming in the Music Industry WebinarNathanielSchmuck
 
Personal Brand Exploration Presentation Eric Bonilla
Personal Brand Exploration Presentation Eric BonillaPersonal Brand Exploration Presentation Eric Bonilla
Personal Brand Exploration Presentation Eric BonillaEricBonilla13
 
Borderless Access - Global Panel book-unlock 2024
Borderless Access - Global Panel book-unlock 2024Borderless Access - Global Panel book-unlock 2024
Borderless Access - Global Panel book-unlock 2024Borderless Access
 
Intellectual Property Licensing Examples
Intellectual Property Licensing ExamplesIntellectual Property Licensing Examples
Intellectual Property Licensing Examplesamberjiles31
 
BCE24 | Virtual Brand Ambassadors: Making Brands Personal - John Meulemans
BCE24 | Virtual Brand Ambassadors: Making Brands Personal - John MeulemansBCE24 | Virtual Brand Ambassadors: Making Brands Personal - John Meulemans
BCE24 | Virtual Brand Ambassadors: Making Brands Personal - John MeulemansBBPMedia1
 
Cracking the ‘Business Process Outsourcing’ Code Main.pptx
Cracking the ‘Business Process Outsourcing’ Code Main.pptxCracking the ‘Business Process Outsourcing’ Code Main.pptx
Cracking the ‘Business Process Outsourcing’ Code Main.pptxWorkforce Group
 
To Create Your Own Wig Online To Create Your Own Wig Online
To Create Your Own Wig Online  To Create Your Own Wig OnlineTo Create Your Own Wig Online  To Create Your Own Wig Online
To Create Your Own Wig Online To Create Your Own Wig Onlinelng ths
 
Team B Mind Map for Organizational Chg..
Team B Mind Map for Organizational Chg..Team B Mind Map for Organizational Chg..
Team B Mind Map for Organizational Chg..dlewis191
 
7movierulz.uk
7movierulz.uk7movierulz.uk
7movierulz.ukaroemirsr
 
Ethical stalking by Mark Williams. UpliftLive 2024
Ethical stalking by Mark Williams. UpliftLive 2024Ethical stalking by Mark Williams. UpliftLive 2024
Ethical stalking by Mark Williams. UpliftLive 2024Winbusinessin
 
Developing Coaching Skills: Mine, Yours, Ours
Developing Coaching Skills: Mine, Yours, OursDeveloping Coaching Skills: Mine, Yours, Ours
Developing Coaching Skills: Mine, Yours, OursKaiNexus
 
Building Your Personal Brand on LinkedIn - Expert Planet- 2024
 Building Your Personal Brand on LinkedIn - Expert Planet-  2024 Building Your Personal Brand on LinkedIn - Expert Planet-  2024
Building Your Personal Brand on LinkedIn - Expert Planet- 2024Stephan Koning
 
PDT 89 - $1.4M - Seed - Plantee Innovations.pdf
PDT 89 - $1.4M - Seed - Plantee Innovations.pdfPDT 89 - $1.4M - Seed - Plantee Innovations.pdf
PDT 89 - $1.4M - Seed - Plantee Innovations.pdfHajeJanKamps
 
HELENE HECKROTTE'S PROFESSIONAL PORTFOLIO.pptx
HELENE HECKROTTE'S PROFESSIONAL PORTFOLIO.pptxHELENE HECKROTTE'S PROFESSIONAL PORTFOLIO.pptx
HELENE HECKROTTE'S PROFESSIONAL PORTFOLIO.pptxHelene Heckrotte
 
Entrepreneurship & organisations: influences and organizations
Entrepreneurship & organisations: influences and organizationsEntrepreneurship & organisations: influences and organizations
Entrepreneurship & organisations: influences and organizationsP&CO
 
Graham and Doddsville - Issue 1 - Winter 2006 (1).pdf
Graham and Doddsville - Issue 1 - Winter 2006 (1).pdfGraham and Doddsville - Issue 1 - Winter 2006 (1).pdf
Graham and Doddsville - Issue 1 - Winter 2006 (1).pdfAnhNguyen97152
 
MC Heights construction company in Jhang
MC Heights construction company in JhangMC Heights construction company in Jhang
MC Heights construction company in Jhangmcgroupjeya
 

Recently uploaded (20)

Borderless Access - Global B2B Panel book-unlock 2024
Borderless Access - Global B2B Panel book-unlock 2024Borderless Access - Global B2B Panel book-unlock 2024
Borderless Access - Global B2B Panel book-unlock 2024
 
Trauma Training Service for First Responders
Trauma Training Service for First RespondersTrauma Training Service for First Responders
Trauma Training Service for First Responders
 
WAM Corporate Presentation Mar 25 2024.pdf
WAM Corporate Presentation Mar 25 2024.pdfWAM Corporate Presentation Mar 25 2024.pdf
WAM Corporate Presentation Mar 25 2024.pdf
 
Live-Streaming in the Music Industry Webinar
Live-Streaming in the Music Industry WebinarLive-Streaming in the Music Industry Webinar
Live-Streaming in the Music Industry Webinar
 
Personal Brand Exploration Presentation Eric Bonilla
Personal Brand Exploration Presentation Eric BonillaPersonal Brand Exploration Presentation Eric Bonilla
Personal Brand Exploration Presentation Eric Bonilla
 
Borderless Access - Global Panel book-unlock 2024
Borderless Access - Global Panel book-unlock 2024Borderless Access - Global Panel book-unlock 2024
Borderless Access - Global Panel book-unlock 2024
 
Intellectual Property Licensing Examples
Intellectual Property Licensing ExamplesIntellectual Property Licensing Examples
Intellectual Property Licensing Examples
 
BCE24 | Virtual Brand Ambassadors: Making Brands Personal - John Meulemans
BCE24 | Virtual Brand Ambassadors: Making Brands Personal - John MeulemansBCE24 | Virtual Brand Ambassadors: Making Brands Personal - John Meulemans
BCE24 | Virtual Brand Ambassadors: Making Brands Personal - John Meulemans
 
Cracking the ‘Business Process Outsourcing’ Code Main.pptx
Cracking the ‘Business Process Outsourcing’ Code Main.pptxCracking the ‘Business Process Outsourcing’ Code Main.pptx
Cracking the ‘Business Process Outsourcing’ Code Main.pptx
 
To Create Your Own Wig Online To Create Your Own Wig Online
To Create Your Own Wig Online  To Create Your Own Wig OnlineTo Create Your Own Wig Online  To Create Your Own Wig Online
To Create Your Own Wig Online To Create Your Own Wig Online
 
Team B Mind Map for Organizational Chg..
Team B Mind Map for Organizational Chg..Team B Mind Map for Organizational Chg..
Team B Mind Map for Organizational Chg..
 
7movierulz.uk
7movierulz.uk7movierulz.uk
7movierulz.uk
 
Ethical stalking by Mark Williams. UpliftLive 2024
Ethical stalking by Mark Williams. UpliftLive 2024Ethical stalking by Mark Williams. UpliftLive 2024
Ethical stalking by Mark Williams. UpliftLive 2024
 
Developing Coaching Skills: Mine, Yours, Ours
Developing Coaching Skills: Mine, Yours, OursDeveloping Coaching Skills: Mine, Yours, Ours
Developing Coaching Skills: Mine, Yours, Ours
 
Building Your Personal Brand on LinkedIn - Expert Planet- 2024
 Building Your Personal Brand on LinkedIn - Expert Planet-  2024 Building Your Personal Brand on LinkedIn - Expert Planet-  2024
Building Your Personal Brand on LinkedIn - Expert Planet- 2024
 
PDT 89 - $1.4M - Seed - Plantee Innovations.pdf
PDT 89 - $1.4M - Seed - Plantee Innovations.pdfPDT 89 - $1.4M - Seed - Plantee Innovations.pdf
PDT 89 - $1.4M - Seed - Plantee Innovations.pdf
 
HELENE HECKROTTE'S PROFESSIONAL PORTFOLIO.pptx
HELENE HECKROTTE'S PROFESSIONAL PORTFOLIO.pptxHELENE HECKROTTE'S PROFESSIONAL PORTFOLIO.pptx
HELENE HECKROTTE'S PROFESSIONAL PORTFOLIO.pptx
 
Entrepreneurship & organisations: influences and organizations
Entrepreneurship & organisations: influences and organizationsEntrepreneurship & organisations: influences and organizations
Entrepreneurship & organisations: influences and organizations
 
Graham and Doddsville - Issue 1 - Winter 2006 (1).pdf
Graham and Doddsville - Issue 1 - Winter 2006 (1).pdfGraham and Doddsville - Issue 1 - Winter 2006 (1).pdf
Graham and Doddsville - Issue 1 - Winter 2006 (1).pdf
 
MC Heights construction company in Jhang
MC Heights construction company in JhangMC Heights construction company in Jhang
MC Heights construction company in Jhang
 

What is Venture Philanthropy

  • 3. I believe Philanthropy is not about giving money but about solving problems. This is at least the philosophy we follow at the Financial Policy Council I also believe a philanthropist should think like an entrepreneur and think of social challenges as an opportunity to create large enterprises. It’s really easy to create a $1 billion company–you just have to solve a $10 billion problem. Most of these large $10 to $100 billion problems happen to be social problems.
  • 4. That’s why I think that some of the largest opportunity exist for an entrepreneur in solving humanity’s grand challenges. True philanthropy requires a disruptive mindset, innovative thinking and a philosophy driven by entrepreneurial insights and creative opportunities. To disrupt the statusquo, drive philanthropy at tremendous scale, and develop long-term economic vitality through giving, we must apply the same models for successin our philanthropic endeavors as we do in business. As a lifelong entrepreneur and financier, I see philanthropic organizations the same as any other business venture.
  • 5. Much like today’s start-upsthat accept VC money but never turn a profit, a philanthropic venture that does not create a self- monetizing, sustainable financial model will ultimately fail. In short, philanthropy requires disruption. This disruptive mindset hinges on a practice I call EntrepreneurialPhilanthropy, which is designed to support innovation that creates sustainable, thriving economies in communitieswith tremendousneed. Further, it requires the utilization of several principles rooted in today’s successfulenterprises.
  • 6. SustainableSolutions A venture that’s not profitable is not sustainable. Philanthropic funds should be treated as venture capital that should only be used to bootstrap a business and to scale the business once the businessmodel has been proven on a smaller scale. Dreaming Big Truly disruptive philanthropic endeavors, much like business ventures, need to think big, targeting tremendouslylarge markets and opportunities. Solving a problem in the millions will never catapult your businessinto the league of billions.
  • 7. In other words, if you want to create a company worth $1 billion, you must solve a $10 billion problem. There are many philanthropists and volunteers who act locally, giving tirelessly, donating their time and money to help the sick, poor and other individuals most in need. But why stop there? Philanthropic work on the local level is wonderful, but time and again it has proven incapable of reaching the scale we need to foster economic development and leading to the monumental changes we all seek.
  • 8. Scalable Solution for Global Markets To do that, we need scale. If we go into a philanthropic endeavor afraid of successon the largest of scales, we do that cause no justice. This requires rethinking the solution and the problem, which generally requires us to convert infrastructure problems into information-gap problems. Our job, indeed our collective goal, is to bridge that gap. Educationfor example should not be about maintaining a system that dates back to the industrial revolution. We can achieve so much more, at unmatched scale with software and interactive learning.
  • 9. Similarly, think about the healthcare diagnostics we can address through connectedsensors and artificial intelligence without the need for expensive, out-of-date physical infrastructure like hospitals. Build Great Teams While most philanthropists tend to flock together and build their teams around friends, family, or others who happen to be retired or with a lot of free time on their hands, a great entrepreneur knows that success is directly related to the quality and talents of their team.
  • 10. We cannot just partner with whoever might be available or share our passion during their retirement. Successfulventures in business or philanthropy are built around great teams who can help us overcome tremendous challenges– and have the right experiences and relationships to do so. Bottom Line: EntrepreneurialPhilanthropy is not just a philosophy or a dream. It is a promise that philanthropy is at its best when it is founded on entrepreneurial zest and agility. Investors are right to demand a clear path to self-sustainability from every business they invest in, and I believe we should ask for the same from philanthropy.
  • 11. Indeed, there is a direct correlation between fulfilling peoples’ needs as a successfulentrepreneur and as a philanthropist. This is why the work of entrepreneurial philanthropists has a compoundingimpact that reverberates far beyond the reaches of charity, aid and relief efforts. Money can certainly solve some of the world’s problems, but without an entrepreneurial bent it will only merit short-lived solutions to long-term problems Thank you, Follow Ziad K Abdelnour @