Under Formation: Investing in the Most Outstanding Businesses and Startups
The most significant challenge for social ventures made for those at the Bottom of the Pyramid (BoP) is the lack of capital. Too many foundations have hung out “do not disturb signs” on their front doors, refusing any unsolicited proposals. International development agencies such as US AID have “wired” up to 80% of their funding to closely related NGO’s residing in the Washington DC beltway. Social Impact Funds tout “social impact” but a nominal few actually take bets on startups at the BoP. Those that do are pressed to raise funds, thus turning away most applicants.
The Foundation is currently developing a highly innovative investment vehicle focused on leveraging funds from the public as an alternative to charitable giving, The EndPoverty Fund.