Under Formation: Investing in the Most Outstanding Businesses and Startups
The most significant challenge which invention, scaling and sustainability faces at the 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 taut “Social Impact” but a nominal few actually take bets on startups at the BoP and those that do are pressed to raise funds thus turning away most all applicants.
The Foundation has developed a highly innovative investment vehicle focused on leveraging funds from the public as an alternative to charitable giving, The EndPoverty Fund, which is under formation.