Philanthropy is at its best when it is founded on entrepreneurial zest--think of social challenges as an opportunity to create large, profitable enterprises.
Philanthropy is not about giving money but about solving problems. While well-meaning, the idea of writing a check and calling it "philanthropy" is extremely short-sighted and unfortunately, extremely pervasive.
Instead, philanthropist should think like an entrepreneur and think of social challenges as an opportunity to create large enterprises. It’s really easy to create a $1 billion company--you just have to solve a $10 billion problem. Most of these large $10 to $100 billion problems happen to be social problems. That’s why I think that some of the largest opportunity exist for an entrepreneur in solving humanity’s grand challenges.
Article arguing that we need to think BIG...
One might expect there to be only the slightest similarity between venture capital and social investment; perhaps the fact that money changes hands or that a return is expected. Surely that is where the similarities end? Based on our experience, no it isn’t. We believe there could be a parallel to be drawn between grant-funding and investment in the development of fast-growth, high-potential organisations in the social and private sectors. Eh! – how so?
The person who can do it all doesn't exist - Ernestor Sirolli on how communities and individuals can encourage entrepeneurs if you just get out of their way.