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Theory: What are the various constituent parts of an “ecosystem” required for social entrepreneurship to flourish? Practice: What is the range and nature of activity related to social entrepreneurship across Canada and the world?
Citation preview
INDEV308: Introduction to Social
Entrepreneurship
Class 10: The Enabling Environment for
Social Entrepreneurship
Monday, July 11, 2011
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Instructors:
Norm Tasevski ([email protected])
Karim Harji ([email protected])
© 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
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Your Investment Pitches…
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© 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
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© 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)
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© 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?
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© Norm Tasevski & Karim Harji
Angel Investment Pitch Components
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• Overview and mission
• Management and
Advisors
• Customer problem
• Market opportunity/size
• Solution
– Inc. social issue being
addressed
• Value Proposition
• Competitive advantage
• Where the solution fits
• Business model
• Marketing and sales
• Financial projections
• Financing requirements
© Norm Tasevski & Karim Harji
PowerPoint tips
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The International Enabling
Environment…
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© Norm Tasevski & Karim Harji
A Growing Ecosystem
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© Norm Tasevski & Karim Harji
An Evolving Field
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“Developing the Field of Social Entrepreneurship” - A Report from the Center for Advancement of Social Entrepreneurship (CASE)
© 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
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© 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
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Break
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Course Summary…
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© Norm Tasevski & Karim Harji
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© Norm Tasevski & Karim Harji
181818
Motivation
Innovation
Resourcefulness
Risk Taking
How is Social Entrepreneurship Different?
© Norm Tasevski & Karim Harji
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© Norm Tasevski & Karim Harji
What Motivates The Social/Environmental
Entrepreneur?
“…it was an epiphanal experience…”
Ray Anderson, Interface Carpets“I heard the same story again and again.
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
kind of situation.”Mohammed Yunus, Grameen Bank
“…that made a real impression on me…”
Jeff Skoll, eBay, Skoll Foundation, etc.
© Norm Tasevski & Karim Harji
© Norm Tasevski & Karim Harji
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© Norm Tasevski & Karim Harji
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© 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
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© Norm Tasevski & Karim Harji
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Cost Drivers and Revenue Sources
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-???
-???
© Norm Tasevski & Karim Harji
Where does HR Fit?
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© Norm Tasevski & Karim Harji
Where does Marketing Fit?
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© Norm Tasevski & Karim Harji
Embedding “Social” across the Business
Model
2828
For-Profit
Corporation
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Non-Profit
Corporation
CharityPartnership
Sole
Proprietorship
Co-Operative
Corporation
© Norm Tasevski & Karim Harji
MORE DEBT-LIKE
30Source: Alex Nicholls and Cathy Pharoah (2008) “The Landscape of Social Investment”,
http://www.sbs.ox.ac.uk/centres/skoll/research/Pages/landscapeofsocialinvestment.aspx
Financing Options – Over the Social
Entrepreneurship “Life Cycle”
IDEA DEVELOPMENT PROOF OF CONCEPT START-UP SCALE REPLICATION EXIT
GRANTS
MORE EQUITY-LIKE
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
© Norm Tasevski & Karim Harji
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Aligning Supply and Demand
Source: Alex Nicholls and Cathy Pharoah (2008) “The Landscape of Social Investment”,
http://www.sbs.ox.ac.uk/centres/skoll/research/Pages/landscapeofsocialinvestment.aspx
© Norm Tasevski & Karim Harji
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© 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
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