All posts tagged: social startups

3 Solid Reasons Why Kickstarter Money Is Far Better Than Foundation Grants

Every early entrepreneur dreams of getting funding especially funding free from constraints. Flexibility and freedom to do what it takes to build the startup can be amazingly empowering. With dreams comes some amount of dread in the form of the magical investor and their mysterious ways. New articles are published every day about approaching investors, talking terms and long fund raising cycles. What if I told you there is another way an enchanting path that gets you to your funding dream only on the basis of your idea or product, the demand for it and some creative marketing. I present Kickstarter and the rise of  crowdfunding. I must admit, until now I never fully understood the power of crowdfunding and how its so much better than traditional funders like Foundations — at least not until I spoke to Meredith of Ricefield Collective. Meredith recently raised a close to $100k dollars using Kickstarter to set up a social enterprise to help the indigenous people of the Philippines. Her idea was to teach these indigenous folk who have been …

Must Read Guide To The Business Of Doing Good

If you’re looking to learn how the worlds TOMS Shoes and Warby Parker’s are created, or thinking about creating a consumer brand committed to helping the disadvantaged, then this article is for you. We’ve compiled together some serious wisdom from successful entrepreneurs who’ve grown their ventures into huge successes.

Data for Social Good: A Beginners Guide for Nonprofits and Social Ventures

Data is gaining tremendous prominence in the business world. Companies are becoming highly data driven in every aspect of their business – from gaining new customers, providing better personalized services, cutting costs, to developing new products. With the visible benefits of increased profits and efficiency, companies are spending more resources than ever to understand, visualize and monetize data. The positive outcomes for data driven businesses has got nonprofit thinkers and leaders excited to try and spark the same kind of excitement around data in the social sector. Currently, there is a talk around how big data can fuel social good, my goal with this article is to help nonprofits and social startups understand how they can apply data thinking in their everyday work and hopefully demystify this trend. Nonprofits Are About Small Data First up, do not be daunted by all the talk around big data. The truth is that most social startups and nonprofits will never have to deal with big data. Big data refers to terabytes of data being generated every single day …

Guide To Changing The World With A Kickstarter Launch

If you are using consumerism to change the world, Kickstarter is a great place to fund and launch your business. Many changemakers with consumer ideas have met with overwhelming fundraising success by tapping into the fact that people love getting stuff. Kickstarter, the largest and most popular crowdfunding site, allows anyone to fund creative ideas on the planform in exchange for rewards which are mostly creative, tangible and fairly priced products. On Kickstarter and Indiegogo, the other popular crowdfunding site, backers are looking to contribute to projects where they could possibly get something really cool and inspiring in exchange. Changemakers  with consumer ideas are able to offer niche and inspiring products, thus attracting backers and hitting their fundraising target, at times closing much higher than their initial fundraising goal. Take for instance, 1:FaceWatch, a simple, stylish watch that comes in six colors, each color representing a cause that part of the purchase price will go to. The project was founded by brand development firm Mirza Minds, who wanted to use the power of consumers to change the …

What You Need to Know About Hub Ventures Social Startups of 2012

Evening of July 10th, I attended the Hub Ventures Community Pitch Night where seven startups who underwent their 12-week incubator program pitched their world changing business ideas. All the pitches were really sharp and impressive, each of their business models were unique, and fulfilled a large unmet need. Acopio: Has built a cloud based software (which can also work offline) for information management at Coffee Co-operatives, currently focused on getting the co-ops in Latin America to use technology to better manage their business processes. Refuel Me: Is a mobile app that allows teens to earn money and rewards based on their safe driving performance, positioning it to be a win-win solution for all concerned parties – the teen, their parents and the insurance companies. Project Repat: Up-cycling the textile industry’s excess into trendy and fashionable accessories like bags, scarves etc. CheckInOn.Me: A mobile app that allows your freinds, family and colleagues to check-in on you in situations where you might feel unsafe. GivKwik: Aims to make charitable giving easy and fun, specially on mobile devices. …