Tag Archive: startup


Six Sustainable Startups

Entrepreneurs are best at finding innovative solutions to serious problems. Environmental problems are arguably the root of all social ills and it’s exciting to see social entrepreneurs take on the challenge. The 2nd annual OG25 Green Business Startup Competition included 25 finalists ranging from a company redefining the off-shore energy market (wind farms!), to smart sprinkler systems, and a social network for the eco-mom.

The winner of the competition was Zimride, a “rideshare service [that] helps organizations establish easy to use, private, social networks for ridesharing.” One of the company’s unique angles is to use networks like college campuses and companies to arrange rideshares in “trusted communities,” allowing members to search and post ride options including personal cars, shuttles, vanpool, and zipcar. It’s also marketed for events (so perhaps the line to get in to Burning Man next year will be 7 hours and not 8 if enough people try it?) Already in use at UCLA, Stanford, University of Michigan, and USC, Zimride has proven to engage 10-20% of student populations and integrates with facebook and Twitter. Since I don’t have a car and I’m not part of a campus or corporate network, I’m planning to test out their free public rideshare option, which is (probably) safer than hitchhiking and faster than the bus.

These finalists also caught my eye:

  • Airbnb is an upgraded version of couch surfing that matches private residences with travelers. A friend of mine recently used the service to stay in a mountain-top vineyard cottage with an ocean view. I intend to advertise my less exotic, but just as friendly, couch and air mattress in my living room if you ever need a place to stay in LA.
  • ecoATM is an “automated eCycling station.” In my experience, most ewaste recycling centers do not currently have the capacity to provide convenient drop offs. This solves the problem: how should I dispose of my broken phone charger after 5 p.m. (that was intentionally built to last no longer than 5 years so I’ll buy another one) and get money for it?
  • GoodGuide, Inc. rates over 65,000 non-toxic and environmentally-friendly products and helped me determine that there is a better toothpaste than the one I’m currently using (but mine is second best). Also, the company is a B Corporation.
  • Soleo Organics makes the highest rated sunscreen by the Environmental Working Group. I tried it this weekend for several hours in the intense LA sun and I was well-protected.
  • ThinkEco makes a product they’ve coined the “modlet” for “modern electrical outlet”. Plug your electronics into the modlet and “then use your web browser to wirelessly monitor and manage your power consumption.” It should save you 10-20% on your electricity bill.

The conference also hosted a Green Product Design Competition. All 50 companies/products are worth a review for inspiration to all you social entrepreneurs out there. I’ll say it again: You are the best at finding solutions where others see problems. You thrive on it. So go, create, and introduce yourself to me at next year’s OG25.

Photo Credit: opportunitygreen

Six Sustainable Startups

September is the month that business, school, and real-life kicks into gear for many who had enjoyed the last gasp of August summer. Important articles this week range from the education access funding to the problem of regulatory frameworks for startup growth to the comparative generosity of global citizens.

The Most Generous Countries on Earth: The Gallup World Giving Index recently released data about the most giving countries. The USA comes in at number 5. The criteria used by Gallup includes charitable giving, time spent volunteering, and willingness to help strangers. It’s hard to draw too much from the limited amount of info here, but it is interesting nonetheless.

Making the Grade: This Matthew Bishop piece in The Economist discusses how loans for education may be the next version of microfinance to make it big. He discusses up-and-coming organizations like Enzi — who are experimenting with loans correlated to a percentage of future income — and Vitanna, as well as pondering the potential of Kiva’s entry into the student loan market. Watch this space in the coming months.

Startup Visa Interviews at O’Reilly Gov 2.0: This speech and interview combo posted by Brad Feld, a venture capitalist based in Boulder, CO and one of the leaders of the Startup Visa movement, provides great background on the push. In short, the goal is to create a class of visa specifically designed for immigrant entrepreneurs who wish to build their companies and create jobs in the USA.

Schools: The Disaster Movie: I expect that education reform will be one of the most talked about issues in our field over the next year. This is in part due to the fact that the field is so ripe for disruption, and that more and more startups are being created to tackle it. But it is also in part because the filmmaker behind “An Inconvenient Truth” is back with a much-anticipated film about the deplorable state of American schools. Early reports have suggested that Teacher’s Unions come out looking pretty bad, which will be sure to poor additional fuel on an already intense flame.

Instead of IPOs, Startups Look to Be Acquired: Tomorrow I will publish a piece about new evidence that suggests that startups are the most important economic engine of job creation in the United States. This piece reinforces the point I make then about how economic policy designed to promote small business and bank reform is not necessarily the same — in fact can be down right opposite — for policy needed to allow startups to flourish. This piece shows how both too much and too little regulation has ruined the market for technology IPOs, impacting job creation and the venture industry as a whole.

Photo credit: Schlüsselbein2007

Weekend Entrepreneur Links: Global Generosity, Education, IPOs

I think the single most important thing for our field to be engaged in is creating the institutions of self-propogation. Put differently, I think we need to be investing heavily in universities, incubators, and other programs which make careers in social innovation and entrepreneurship both more realistic and more likely to make a difference. For that reason, I was incredibly excited to see that Legacy Ventures has entered into a strategic partnership to support Ashoka U.

Ashoka U is the university-focused program of Ashoka, one of the longstanding leaders of this field. For the last two years, it has been convening students, staff, and faculty at just under a dozen universities around the country in order to build their capacity to work with their administrations to design social entrepreneurship programs that meet the particular needs of their disctint campus environments.

I think it’s infrastructure approach is the right one. When we started building out our programs at Northwestern around 2004, it took a broad range of students with connections to array of staff and faculty who were starting a diversity of different but related initiatives to really push the campus from thinking about our work as neat but small to an essential category of student activity to embed at the core of the NU experience. That sort of shift only happens when you have the right insiders empowered, and the Ashoka U program is in a particularly good place to help students learn how to do this most effectively.

Legacy Venture is a fund-of-fund that invests in a cohort of top tier for-profit venture firms and then delivers those returns to specific philanthropic causes. In this way, it not only creates a differentiated pool of resources for philanthropic investment, but creates a specific pipeline conversation between the for-profit venture space and the social venture world that I think is as, if not more, valuable, at this early stage in the industry.

Legacy is making a $100,000 investment in Ashoka U. The money will help Ashoka U triple the size of it’s consortium of Changemaker Campuses over the next five years. That would mean expanding from it’s current crop that includes: Babson, College of the Atlantic, Cornell, George Mason, Johns Hopkins, the New School, Tulane, UC Boulder, and the University of Maryland. This is one more example of the expanding focus on human capacity that I think is driving the startup space.

To learn more about Ashoka U, visit their website.

Photo Credit: soot+chalk

Legacy Ventures and Ashoka U Partner to Amplify the Human Capacity Pipeline

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