Building the Social Venture
Presented by:
SOCIAL ENTERPRISE AND CROWDFUNING CONFERENCE
September 27, 2013 Snowbird, Utah
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WBI Alumni (since 2009) Social Ventures Can Raise Money
• Sonic Innovations • Larada Sciences • Social Good Network • WAVE • 4Charity.com • OtoKinetics • Bunnell • e-Sens • FlowPay
• Simplure • Dhybrid • Shelter2Home • Radian Bio Energy • CBI Polymers • Medicruiser • Go Natural CNG • Waste Water Compliance
Systems • Hawaii BioTech • Suretec Energy Innovations
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For New Non-‐Profit Ventures
Treat charitable foundaUons as Venture Capitalists • Show a business model • Have a business plan • Demonstrate a great value proposiUon • Know your compeUUon • Demonstrate an ROI
Finding the Right Money for a Social Venture
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Can You Raise Money? Questions Investors Ask
• Is It a Business?
• Can You Keep It?
• Can You Do It?
Is It a Business? Business Model • The failure to Innovate • The failure to Create Value • The failure to Persist Over Time
Can You Keep It? Sustainability
• The failure to Maintain Economic Scarcity
• The failure to Prevent the Appropriation of Created Value
• The failure to Maintain Flexibility
Reasons Deals Fail What Investors Look For
14 Basic Business Models
Charity
14 Basic Business Models
Competence Based Success
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How the Entrepreneur is Perceived by an Investor is………. Everything
• Assessing an Entrepreneur – What is the Depth of Your Entrepreneurial Skill Set?
– Are You CEO Material?
– What is your “Type”
– What is your “Role”
An Ounce of Perception Can be Worth a Pound of Performance
Can You Do It?
Resources
• Investors Circle • Community FoundaUon of Utah • Crowdfunding • Industrial Loan CorporaUons • TechSoup • Social Good Network
FINAL THOUGHTS
• There is nothing more expensive than potenUal
• Beware the law of unintended consequences • No good deed goes unpunished • If an idea is worth doing, it’s worth doing with somebody else’s money.
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