A new form of capitalism is arising that recognizes our ability to direct the power and efficiency of market systems toward social impact. Social Capital Markets is dedicated to supporting the growth of this market. SOCAP is an annual event series that connects leading global innovators – investors, foundations, institutions and social entrepreneurs – to build this market at the intersection of money and meaning. SOCAP operates out of Hub Bay Area, co-working space and changemaker community based in the San Francisco Bay Area. Register for the upcoming 2012 event here, and get details about this year’s agenda here. … Continue reading Significance, Systems, and Solutions at SOCAP12
From bank loans, to fellowships, to crowdsourcing websites, Tristan, Blogging for SocialEarth, “tried to capture some of the best opportunities for big-thinking changemakers to put capital behind their world-shaking ideas,” all in one place…just for you. Read Tristan’s post 130 Ways to Fund Your Social Venture @: SocialEarth Continue reading Looking for Ways to Fund Your Social Venture? Social Earth has 130 of ’em
By Melissa Ip on 23 Aug 2012 According to a report by the Bangkok Post, the Securities and Exchange Commission (SEC) in Thailand is finding ways to support social enterprise development through capital markets. “As a regulator, the SEC can help by setting up rules. We’re studying whether to set up a new [trading] sector in the market exclusively for them,” said Voraphol Socatiyanurak, Secretary General of the SEC. Already there have been similar moves in other areas of Asia that aim to connect social enterprises with much needed funding, such as the Impact Investment Exchange Asia – a stock exchange exclusively … Continue reading Thai Securities & Exchange Commission Looks at Option for Social Business AND Investors
In his GOOD Business article, ALEX GOLDMARK, outlines how two Federal Agencies will apply a SOCENT model using an approved ‘pay-for-success’ bond measure. It will reward private sector businesses that generally have more efficient operational and delivery models than government to successfully address social issues. Per Goldmark, this “new for-profit investing tool” has already been used in the United Kingdom and Australia. The early evidence from the United Kingdom suggest social impact bonds are a promising innovation for lean budgetary times because the government doesn’t end up paying for projects that fail. Continue reading ‘Rather than providing social services directly, Gov’t will offer ‘pay for success’ bonds to Private Sector Social Service Initiatives”
As reported in the October 10, 2011 L.A. Times, Governor Brown has signed California Assemblyman Jared Huffman’s, Bill AB 361 into law, allowing B Corporation to join Hawaii, Maryland, New Jersey, Vermont and Virginia, in legally operating in the State of California. Without this legal protection, says B Lab Co-Founder Jay Coen Gilbert, by prioritizing social (environmental and other sustainable) outcomes, California B Corporations were operating in what could have been considered opposition to the fiduciary duty to “maximize value to shareholders even if that comes at the expense of workers or the community or the environment.” Gilbert also notes … Continue reading Brown Signs Law for B Corp’s in California…Will Venture Capital Follow?