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The Mission-Driven Venture offers anyone committed to social innovation a hands-on, actionable guide for leveraging the power of the market-place to solve the world's most difficult social problems. Written by attorney and financial advisor Marc J. Lane—a renowned thought leader and expert on entrepreneurship, social enterprise, impact investing, and entrepreneurial finance—this important guide explores the full spectrum of the varied interests represented at the intersection of business and social change. Together, mission-driven ventures and traditional business concerns can reach and sustain scaled social solutions.
Filled with real-world accounts of the journeys and successes of mission-driven initiatives, The Mission-Driven Venture clearly illustrates the transformative potential of social enterprise. Throughout the book, Lane offers the information and tools needed for becoming an agent of change and shows how to move from idea to reality with a step-by-step guide to designing and implementing a successful mission-driven venture.
Social entrepreneurs embrace mission-driven ventures that emphasize transparency and accountability. They lead by example. They fill a humanitarian vacuum left by government and charity, and they do so sustainably as only the private sector can. For example, social entrepreneurs may organize and operate a low-profit limited liability company that, by law, places mission above profits and facilitates foundation funding of charitable and educational businesses. The Benefit Corporation requires its managers to make decisions not only to enrich its shareholders, but also for the good of society as a whole. Social impact bonds provide long-term funds for promising social interventions, transfer risk to private capital markets, and tap into public coffers only when specific social benefits are achieved. Microfinance and microcredit are helping the poorest of the poor become self-sufficient business owners. And worker-owned co-operatives are converting the disenfranchised into self-reliant entrepreneurs.
Impact investors, social entrepreneurs, socially conscious individuals, nonprofit and foundation leaders, and anyone committed to social innovation will find The Mission-Driven Venture to be a practical roadmap to the rapidly developing arena of social enterprise.
"Go ahead and sue me for saying it...but attorney Marc Lane has written perhaps the most thorough yet accessible volume I've yet seen on social enterprise. Here, you'll pick up both the finer legal points of the new hybrid business models and the inspiration of Dr. Yunus, and everything in between. Keep it at your fingertips!"
—Kevin Lynch, President and CEO, Social Enterprise Alliance
"Marc does a masterful job of equipping the mission-driven entrepreneur with an understanding of various pathways for channeling enthusiastic passion towards actionable operation. I particularly appreciate his use of real-world examples to both inspire and make potentially intimidating concepts much more accessible."
—John Tyler, General Counsel and Chief Ethics Officer, Ewing Marion Kauffman Foundation
"The Mission-Driven Venture is one of the most comprehensive and understandable books on the fast-growing and rapidly-changing social enterprise sector. Whether you are an emerging social entrepreneur, a seasoned veteran, or just someone who wants to learn more about social enterprise, this book is well worth the read."
—Eric Weinheimer, President and CEO, Donors Forum
"A wealth of information and practical advice for anyone considering starting a mission-driven venture, from one of the most knowledgeable experts in the field."
—Daniel Diermeier, Dean, Harris School of Public Policy, The University of Chicago
WGN Plus Podcast
"How can social purpose be a competitive advantage in business?" on The Big Payoff
February 18, 2015
Marc Lane's Take On Impact Investing Trends by Anne Field
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March 8, 2015
Social Enterprise Alliance March 2015 Newsletter
Copyright 2015, Social Enterprise Alliance.
March 26, 2015