I recently did an interview with Kellogg Venture Community‘s KVCcast host David Nosnik about where nonprofits fit in the social innovation movement. It’s a 20 minute conversation in which we discuss how nonprofits can:
- Recruit and manage a much more effective board of directors
- Raise growth capital
- Become more entrepreneurial to achieve more social impact
- Finance the social impact they seek to achieve
- And much more…
My argument in this interview, throughout the Social Velocity blog, and in everything we do here is that the social innovation movement has the potential to abandon the nonprofit sector.
Nonprofits have been working on social change since long before it was cool. But because they have been around for awhile, there is a danger that they could be left behind if they don’t understand, embrace and adapt to some of the new models that the social innovation movement brings forward. Losing the charity mindset, articulating and raising money for the true and complete costs of creating social impact, figuring out their theory of change, developing an overall financing strategy for their work are all things that nonprofits can do to accelerate their ability to create social change.
You can listen to the podcast interview here.