Friday, December 7, 2007

Social Capitalism

Social entrepreneurs learn to tap capital markets

"Change the world. Make some money. Raise more money, and make more change. It's an appealing prospect. Nonprofits were born because for-profits weren't addressing some market failures--pollution, poverty, illiteracy. Profit won't cure those ills, but it's becoming a bigger part of more solutions. Perhaps it's dawning on us that the cost of capital for changing the world should be lower. Perhaps the capital markets will cut the world a break."

Good article from FastCompany.com here about progress in applying for-profit models to financing and operating social-benefit businesses.

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