Mission-Driven Venture - Business Solutions to the World''s Most Vexing Social Problems

"Practical guidance to maximize financial results while driving positive social changeThe Mission-Driven Venture provides actionable guidance for leveraging the power of the marketplace to solve the world's most vexing social problems. Written by attorney and financial advisor Marc J. Lane, a renowned thought leader and expert on entrepreneurship, social enterprises, impact investing and entrepreneurial finance, this book reaches the full spectrum of interests represented at the intersection of business and social change. Whether a social entrepreneur, impact investor, socially conscious individual, or a nonprofit or foundation leader, any reader committed to social innovation can benefit from this practical roadmap to the rapidly developing arena of social enterprise.Through real-world accounts of the journeys and successes of mission-driven ventures, Lane effectively illustrates the transformative potential of social enterprise, inspiring the reader to be an agent of change. Among the many tools offered through The Mission-Driven Venture, readers will: Find functional guidance to move from idea to reality with a step-by-step guide to designing and implementing a successful mission-driven venture Assess the benefits and challenges of the business models and entity choices available to the social entrepreneur Examine the entrepreneurial linkages between nonprofits and for-profits Recognize governance issues that can arise when mission and profit objectives clash, and discover tools for managing themExplore evolving trends and developments in financing social enterprise Discover methods and tools for measuring and reporting social impact Develop an effective strategy for achieving both financial success and meaningful social impact "--

List of contents

Preface xi
 
Acknowledgments xv
 
About the Author xvii
 
About the Website xix
 
1 Nothing Stops a Bullet Like a Job 1
 
"Father G" and Homeboy 5
 
Vanessa Bartram and WorkSquare, LLC 6
 
The Origin of Mission-Driven Ventures 7
 
Businesses Drive Social Change 9
 
Profits and Purpose 13
 
Our Agenda 17
 
2 Where to Begin? Constructing the Mission-Driven Venture 19
 
Maximizing the Prospects of Financial Success and Meaningful Social Impact 22
 
Tracking Input, Output, and Outcome Indicators 27
 
Entity Design Choices 28
 
Moving from Ideation to Realization 30
 
Preparing for Launch 35
 
Zeroing in on Size and Scale 38
 
3 Communities of Interest: Benefit Corporations and Certified B Corps 40
 
Delaware Rejects Stakeholderism 43
 
The Benefit Corporation's Impact 46
 
Delaware, the Outlier 49
 
Patagonia's Values and Vision 50
 
Public Good Software Supports Civil Society 52
 
Ensuring Accountability to Stakeholders 53
 
4 PRIs and L3Cs 55
 
The Low-Profit Limited Liability Company (L3C) 59
 
The "Sustainability Mayor" Leverages His Impact 62
 
Counseling Data, L3C: A Case Study in Collective Impact 64
 
5 The Poor and Their Banker Lead the Way 67
 
Professor Yunus' Journey 68
 
The Visit to Jobra 70
 
The Banking System's Failure 71
 
Yunus' Ingenious Solution 72
 
The Advent of the "Social Business" 74
 
Grameen Bank and Its Strategy 75
 
6 Leveraging Grameen 79
 
The Power of Cause-Related Marketing 81
 
The Grameen Family Expands 84
 
Social Venture Franchising 86
 
Grameen Empowers Entrepreneurs 88
 
7 The Mondragón Miracle: Scaling the Peaks Beyond the Pyrenees 91
 
Italy's "Social Co-Operatives" 97
 
France's "SCOPs" 99
 
Why Worker-Owned Co-Ops Succeed 99
 
The Evergreen Cooperatives Build on Mondragón's Success 100
 
8 Social Impact Bonds: Aligning Financial and Social Returns 105
 
Funding Targeted Intervention Strategies 106
 
"Pay for Success" 112
 
The Massachusetts Initiative 113
 
New York City Leads the Way 115
 
Pay for Success Gains Traction 117
 
Where Social Impact Bonds Work 118
 
The Social Impact Bond's Progeny 119
 
Empowering the Social Sector 120
 
9 Building and Rebuilding Communities 121
 
Donor-Advised Funds 126
 
The Role Foundations Play 126
 
Lessons Learned 130
 
10 Investing for Impact 132
 
The Origin of Impact Investing 137
 
Impact Investing Takes Root 142
 
11 How Impact Investing Works--and Why 147
 
The Form of the Investment 150
 
Managing Risk 152
 
Judging Investment Performance 156
 
Quantifying Social Returns 157
 
Cashing Out 159
 
The Challenges of an Impact Investing Market 161
 
12 Impact Investing: Pursuing Its Destiny 163
 
The Importance of Public Policy 165
 
The Institutional Investors Weigh In 170
 
The Growth Trajectory Is Clear 174
 
13 Keeping Score: What Success Looks Like 178
 
A Safe Haven's Social Impact 179
 
Crediting the Causes of Positive Social Change 182
 
REDF and Social Return on Investment 186
 
Root Capital and Its "Social and Environmental Scorecard" 189
 
Acumen Fund and Its "Best Alternative Charitable Option" 190
 
14 Answering the Call: The Demand for Social Metrics 192
 
Scaling Success

About the author

MARC J. LANE, a business and tax attorney and financial advisor, practices law at The Law Offices of Marc J. Lane, P.C. (www.MarcJLane.com). He is an expert on entrepreneurship and entrepreneurial finance; Marc is also an influential advocate of best corporate governance practices. Marc is the pioneer behind the Advocacy Investing^® approach to socially responsible and mission-related investing (www.AdvocacyInvesting.com). Marc is also an in-demand ­keynote speaker for philanthropic, non-profit, impact investing, and corporate audiences. Join the conversation on Twitter @MarcJLane.

Summary

Practical guidance to maximize financial results while driving positive social change The Mission-Driven Venture provides actionable guidance for leveraging the power of the marketplace to solve the world's most vexing social problems. Written by attorney and financial advisor Marc J.

Product details

• Authors: Marc J Lane, Marc J. Lane, Marc J. (President Lane, Mj Lane, LANE MARC J, Lane Marc J.
• Publisher: Wiley, John and Sons Ltd
• Languages: English
• Product format: Hardback
• Released: 24.02.2015
• EAN: 9781118336052
• ISBN: 978-1-118-33605-2
• No. of pages: 288
• Series: Wiley Nonprofit Authority; Wiley Nonprofit Authority
• Subjects: Social sciences, law, business > Business > Management; Business & management, Gemeinnützige Organisation, Wirtschaft u. Management, Gemeinnützige Organisationen / Management u. Führung, Non-Profit Organizations / Management Leadership