Note added April 2024: As we explain on our mistakes page, the tone of this blog post, which was written much earlier in our organizational history, fails to convey our uncertainty about the impact of these programs. It also doesn’t indicate that our research involves forming best guesses based on limited information, and that we…
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Acumen Fund and social enterprise investment
Seth Godin makes an appealing case for “social enterprise investment” along the lines of The Acumen Fund: When two people trade, both win. No one buys a bar a soap unless the money they’re spending for the soap is worth less to them than the soap itself. When someone in poverty buys a device that…