New Venture
Philanthropy
The Problem
​Certainly, there has been no shortage of caring and generous on-lookers who’ve invested blood, sweat, tears, and money into these communities attempting to remedy the plight of those in the condition of poverty, including those who are unhoused or who are suffering food or transportation insecurity. Most, if not all, of this philanthropy goes to not-for-profits. Then why is progress so fleeting?
​Among other contributing factors, a lack of real and indigenous economic development in these communities is a contributing factor, and it is on this factor that NEW Venture Philanthropy will make its culture-transforming impact.
Our work, relationships, and studies over years of collective experience have led us to identify two core problems constraining economic development in these marginalized communities. These both involve significant mindset shifts:
Shift #1
​​The shift in mindset of talented marginalized community citizens from being hustlers to being business people.
Shift #2
The shift in mindset of investors from sole financial returns to holistic economic returns.
Failure to hit the mark on either one of these critical shifts, renders, at best, nominal economic progress.
Shift #2 requires consideration of available capital for launching businesses in marginalized communities. SBA loans from banks are too restrictive . Angel investors and venture capitalists will find most of these endeavors too small and financial returns too long in coming.
The result? Aspiring entrepreneurs in marginalized communities are locked out of markets of exchange. No new venture. No spinning of the economic flywheel in marginalized communities.
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But you can change that!