Mais conteúdo relacionado Semelhante a INDEV308 Class 10 - The Enabling Environment for Social Entrepreneurship (20) Mais de Social Entrepreneurship (20) INDEV308 Class 10 - The Enabling Environment for Social Entrepreneurship1. INDEV308: Introduction to Social
Entrepreneurship
Class 10: The Enabling Environment for
Social Entrepreneurship
Monday, July 11, 2011
Instructors:
Norm Tasevski (norm@socialentrepreneurship.ca)
Karim Harji (karim@socialentrepreneurship.ca)
1
3. © Norm Tasevski & Karim Harji
Agenda
• Unreasonable Institute
• What did we learn – last week?
• Preparing for your Pitches
• The international enabling environment for SE
• The Canadian enabling environment for SE
• Review of the course
• Next week
3
5. © Norm Tasevski & Karim Harji
Pitch guidelines
• Due Dates
– Angel Pitch: Midnight on Saturday, July 23
• Format
– PowerPoint deck
– 1 page Précis
• Time Allotment
– 12 min presentation (strict) – will give you 5 and 2 minute
warnings
– 8 min Q&A
• Grading
– To be done by Norm/Karim
– Judges will inform us, but not assign your grades
• Feedback from Judges
– Norm/Karim will email our/judges feedback shortly after the
class to integrate into angel investor pitch
5
6. © Norm Tasevski & Karim Harji
Timing
• Arrive by 8:00!!
• We will go in order – Group 1 goes first, Group 2
goes second, etc
• At the end of the pitches, the judges will deliberate
(for 10 minutes)
• Judges will then provide feedback to the entire
class (Karim and I will provide individual group
feedback)
6
7. © Norm Tasevski & Karim Harji
Advice for your pitches
• Focus on the key components of the business
model, and highlight the key financial #s
– Can you clearly explain how your business works? How it
makes money? How it generates social/environmental
change?
• Comfortably stick to the time allotment
– In your practice, aim to deliver your presentation in 10-11
minutes
• Anticipate the investor questions
– If you were investing your own money into the business,
what would you care to know about the business model?
7
8. © Norm Tasevski & Karim Harji
Angel Investment Pitch Components
• Overview and mission • Business model
• Management and • Marketing and sales
Advisors • Financial projections
• Customer problem • Financing requirements
• Market opportunity/size
• Solution
– Inc. social issue being
addressed
• Value Proposition
• Competitive advantage
• Where the solution fits
8
12. © Norm Tasevski & Karim Harji
An Evolving Field
“Developing the Field of Social Entrepreneurship” - A Report from the Center for Advancement of Social Entrepreneurship (CASE)
12
13. © Norm Tasevski & Karim Harji
As It Evolves…
• Definitions
• Who‟s in or not?
• Expectations vs. reality
• Demonstrating impact
• Scalable business models
• Mission or market?
• Developing and harnessing talent
• Access to finance
• Policy levers and constraints
• Individual vs organizational capacity
• Education – academic, mainstream
13
14. © Norm Tasevski & Karim Harji
Watch these videos!!!
• http://vimeo.com/2307567
• http://www.ted.com/talks/katherine_fulton_you_are_the_future_of_p
hilanthropy.html
• http://www.ted.com/talks/jacqueline_novogratz_on_patient_capitali
sm.html
• http://www.ted.com/talks/melinda_french_gates_what_nonprofits_c
an_learn_from_coca_cola.html
• http://www.ted.com/talks/bjorn_lomborg_sets_global_priorities.html
• http://blog.ted.com/2010/09/18/tackling-the-mdgs-an-introduction-
to-tedxchange/
• http://www.youtube.com/v/QgzlmKPoMEo?f=videos&app=youtube_
gdata&title=Tonya%20Surman
• http://www.ted.com/talks/tim_jackson_s_economic_reality_check.ht
ml
14
18. © Norm Tasevski & Karim Harji
How is Social Entrepreneurship Different?
Resourcefulness
Motivation
Innovation
Risk Taking
18
20. © Norm Tasevski & Karim Harji
What Motivates The Social/Environmental
Entrepreneur?
“…it was an epiphanal experience…” “I heard the same story again and again.
Ray Anderson, Interface Carpets
Someone had experienced an
intense kind of pain that branded
them in some way. They said, „I had’ to do
this. There was nothing else
I could do.”
Jody Jensen, Ashoka
“I was teaching in one of the universities
while the country was suffering from a
severe famine. People were dying of
hunger, and I felt very
helpless. As an economist, I had
no tool in my toolbox to fix that “…that made a real impression on
kind of situation.” me…”
Mohammed Yunus, Grameen Bank Jeff Skoll, eBay, Skoll Foundation, etc.
24. © Norm Tasevski & Karim Harji
Tip…
• Be a Business Model “Alchemist” – You need to go
through the business model process many times in
order to figure out which model best fits
24
25. © Norm Tasevski & Karim Harji
Cost Drivers and Revenue Sources
-???
-???
25
28. © Norm Tasevski & Karim Harji
Embedding “Social” across the Business
Model
28
29. For-Profit Non-Profit
Corporation Corporation
Partnership Charity
Sole Co-Operative
Proprietorship Corporation
29
30. © Norm Tasevski & Karim Harji
Financing Options – Over the Social
Entrepreneurship “Life Cycle”
MORE EQUITY-LIKE
GRANTS
SOCIAL VENTURE CAPITAL FUNDS
ANGEL INVESTMENT VENTURE CAPITAL
PROGRAM-RELATED INVESTMENT/RECOVERABLE GRANTS
FORGIVABLE LOANS
SOCIALLY RESPONSIBLE INVESTMENT FUNDS
BELOW-MARKET DEBT
MARKET-RATE DEBT
MORE DEBT-LIKE
IDEA DEVELOPMENT PROOF OF CONCEPT START-UP SCALE REPLICATION EXIT
30
Source: Alex Nicholls and Cathy Pharoah (2008) “The Landscape of Social Investment”,
http://www.sbs.ox.ac.uk/centres/skoll/research/Pages/landscapeofsocialinvestment.aspx
31. © Norm Tasevski & Karim Harji
Aligning Supply and Demand
31
Source: Alex Nicholls and Cathy Pharoah (2008) “The Landscape of Social Investment”,
http://www.sbs.ox.ac.uk/centres/skoll/research/Pages/landscapeofsocialinvestment.aspx
33. © Norm Tasevski & Karim Harji
Next Week
• Be here for 8:00am!!
• Deliverables
– Pitches due at Midnight
Saturday, July 23
– 1 page Précis by
Midnight Saturday, July
23
33