33needshowitworks
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Transcript of 33needshowitworks
Source: NASA
2
we enable everyone
March 22, 2010March 22, 2010
© 2010 AP Photo/Color China Photo/Li Huang© 2010 AP Photo/Color China Photo/Li Huang
to invest in social enterprises
here’s how it works:
there’s a 21-year-old college student in Los Angeles, CA
his name is Jake
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Jake has $30
there’s a 21-year-old college student in Malawi, Africa
his name is William
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William has an idea
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their connection is our mission
to answer the most important question of our time:
9 Billion People + 1 Planet = ?
not with
apathy
our answer?
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100 million solutions
Jake, meet William
33needs flips the start-upfunding model on its head
it’s people-powered investing
AKA, crowd-funding
Number of ventures (social or otherwise) funded by more than 100 people during the previous 70 years:
Number of social enterprises 33needs will fund by year four:
how?
a social entrepreneur creates a profile on 33needs.com
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what’s a social entrepreneur?
n.,1. a pioneer of innovative solutions for the planet
William is one
William builds windmills that provide energy + clean water
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thousands of entrepreneurs think like William::
“I find out what the world needs, then I proceed to invent.” Thomas Edison September 23, 1889
What do they care about?
sustainable food
clean water
clean-energy community
opportunity
global health
education for all
back to William
William needs funding
William: “I want to harness the wind across Africa.”
he needs funding to:
market his windmills to communities in rural Malawi
build his team of electrical engineers
and
rent an office space
this is a key point:
William is using 33needs as a long-term funding tool
from his profile, he chooses a $10,000 “funding target”
then he chooses to share 3% of his revenue with investors
your turn, Jake
Jake explores a few of the 33 profiles on 33needs.com
the ideas are organized into 6 “big need” categories
communityopportunitythe planet
sustainable foodhealth
education
what’s a big need?
hint: it’s urgent. for example:
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(2)
One of the 70 billion animals suffering behind the walls of factory farms
Haizi Town, Luliang, Yunnan ProvinceHaizi Town, Luliang, Yunnan ProvinceMarch 22, 2010March 22, 2010
© 2010 AP Photo/Color China Photo/Li Huang© 2010 AP Photo/Color China Photo/Li Huang
Climate change responsible for massive droughts and water scarcity
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One of the 34 million girls living on the street instead of learning in a classroom
back to Jake
he finds William’s magetsi a mphepo – “electric wind” idea
he likes this “invest in a better world” thing
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Jake invests $30 (or 3 “parts”)in William’s idea
FYI: Jake can invest in steps of $10 (“the part price”)
he is now a “Believer” (also pondering his own big idea)
Who (or what) benefits from Jake’s investment?
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(1)
William has $ to grow his social enterprise
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(2)
Jake receives a small % of William’s future revenue
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(3)
33needs receives 5% of the established funding target
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(4)
the world has a solution
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remember
this is not charity
business can change the world
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join us at <33needs.com>