The Leaders We Back
20-Year Retrospective
“The business world
of the 1990s was increasingly dynamic. Entrepreneurs could
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turn an idea on paper into a major
grantee-partners supported since 1998
The investing strategies that made
company in just a few short years.
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signature investments (four+ years)
accelerator or one-year investments
this possible were hardly a secret: Venture capital firms provided start-ups with large chunks of unrestricted cash, along with other kinds of support like management
$250M in capacity building support provided for grantee-partners
assistance and access to their networks. They placed huge trust in entrepreneurs chasing a dream— while also insisting on metrics and
10M+ lives touched by the organizations New Profit has supported
accountability. The idea behind New Profit was simple: To use these same strategies to help social entrepreneurs actualize bold schemes to improve the world.” — David Callahan FOUNDER AND EDITOR, INSIDE PHILANTHROPY
(from Build Capital. Inside the World of Venture Philanthropy, Inside Philanthropy, 9.11.18)
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