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Smith explains that New Ventures measures success in four layers. The first layer of success is immediate outcomes for the kids served by current ventures. The second layer is the ventures' impact on the system. The third layer is the success of New Schools in assisting their ventures. The last layer is the change in the entire system to a performance-based model with greater hybrid thinking.
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In five years, New Schools has given 10,000 kids access to new schools, says Smith. Public charter schools provide an alternative to government-run schools by giving the school much more flexibility while maintaining accountability. She believes this flexibility encourages innovation and increased performance. Other portfolio items include: 1) Teachscape - an online teacher-training program, which uses a video case method of instruction ...more
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Geoff Davis, founder and CEO of Unitus, explains the meaning of microfinance and the huge potential and impact the field has. He goes on to discuss the difference between microfinance and micro credit. He reveals that microfinance has a huge growth opportunity as it is potentially a five billion dollar market and is currently about a one billion dollar market.
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Fundraising is simply an energy transfer to further your projects, says entrepreneur and X PRIZE founder Peter Diamandis. It's also the most critical skill an entrepreneur can have. When trying to raise funds, it's critical to remember that you have to ask for what you want, and that you have to give others the opportunity to be involved. And, says Diamandis, never walk away from a potential funder without something; whether it's dollars, ...more
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Smith talks about how New Ventures aims to create systems that are K-12 to provide a coherent experience to children. Incubation is important. New Schools buys run down buildings and turns them into successful schools. They do everything from recruitment to management to building, she adds.
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After a mock trial session to whittle down the most critical causes from an applicant pool of 10,000, Google.org chose just five areas of concentration: renewable energy, plug-in vehicles, prevention of pandemics, famines, and floods, public services for the poor, and job creation. And the organization's Executive Director, Larry Brilliant, offers this overview of these pressing global issues, and pinpoints Google's resources dedicated tow...more
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Hybrids: Entrepreneurs Must Lead People from Radically Different Sectors
Stanford / Entrepreneurship
Kim Smith, co-founder and CEO of NewSchools Venture Fund, is a leader in a hybrid environment between business people and educators, who speak different languages and come from different frameworks. A hybrid in this context includes the public sector, non-public sector and business sector. It is difficult to manage a group that comes from such diverse backgrounds, says Smith. A lot of technology companies have to deal with the same sort of...more
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Young people with mammoth commercial success have bred a new kind of philanthropic entrepreneur, says Google.org's Executive Director Larry Brilliant. And Brilliant also explains his optimism in smallpox, using it as a case study on a managed disease that once killed half a billion people worldwide. Through global unity and a concentrated effort, akin to what Google.org strives to accomplish in other areas, the virus was eradicated; thanks...more
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Ramdas answers the questions, "How to approach womens' rights in other countries, without seeming an activist?"; "What are the universalities of human rights?" GFW has found that women in their respective countries are extremely good judges of what issues are most important, what risks are involved, and the best ways to address these problems without creating direct confrontation or conflict. They often fund groups of women, rather than in...more
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Bronfman argues that the problem with America is that while values of integrity, hard-work, the rule of law and meritocracy are exported, the advancement of opportunities is not. This is why Endeavor is such a powerful role model; it provides economic opportunities in countries where democracy cannot flourish. With the growing availability of opportunities he says, cultures change, countries evolve, and the world becomes a better and more ...more
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Khosla never intended to be a venture capitalist and still doesn't consider himself as one. He considers himself a venture assistant who has little interest in business other than its necessity for economics and its power to change the world. Khosla loves technology and believes that it drives most of the change that happen in the world.
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In addition to dollars, Google.org harnesses the company's engineering talent to try to make the world fairer, more just, and safer, says the corporate non-profit's Executive Director Larry Brilliant. The company made a decision to dedicate one percent of its profits to global causes. It took 18 months to find that unique short list of problems that Google could uniquely solve, at the right scale, with sustainable results. Brilliant also e...more
