Mike is a friend who we got to know through Sandbox. He is the founder of Sparkseed - an accelerator for social entrepreneurs. The Sparkseed School kicked off with a fantastic webinar on funding with Tom Suddes that I recommend to everyone who is seeking fresh inspiration.
1. Mike we are huge fans of Sparkseed. Please tell our readers why Sparkseed is meant to be a game changer?
Sparkseed is a game changer for two reasons. First, we aim to incubate the most impactful social ventures in the world. To do this, we target an especially creative and bold group of entrepreneurs: college students. Knowing that college students have founded companies like Microsoft, Dell, Apple, and Facebook, we know they can start social ventures that are equally significant. Therefore, we have three programs that identify the top student-led ventures in the U.S., incubate them, and then invest in them like a venture capitalist would…Which leads me to the second reason why Sparkseed is a game changer. We are a 501c3 non-profit organization, but we are also committed to earning our own revenue. By making equity investments in some of the ventures we incubate, we will be able to eventually fund all of our programs with the investment income we earn. Once we prove this model to be effective, it can be replicated by scores of other organizations in the nonprofit sector.
2. What impact does social entrepreneurship have today already on our global society?
To answer that question we need to agree on a definition of social entrepreneurship, which is a long-standing debate. To make things easy (yet still accurate), let’s just say that a social entrepreneur is someone who builds an organization with business best practices to address a significant social or environmental issue. This person – the social entrepreneur – could lead a for profit or nonprofit organization, so long as she does it like an entrepreneur would in a regular business (as opposed to government or traditional nonprofits). With that said…
Social entrepreneurship has had a varied impact on the world and the results are still out on many ventures. I thin there are two important things to note. First, social entrepreneurship changes the way do-gooders operate. I think less things are taken for granted. For example, when you have to generate your own income, making payroll takes on a who new life. You have to be scrappy, innovative, lean…and all the other entrepreneurial clichés that are actually very important when you’re building a social venture. Secondly, social entrepreneurship is, perhaps, more empowering to those it helps than hand-outs. For example, microfinance helps people start small businesses and generate their own income, so they are paying for their kids’ education, food medicine, and so on, rather than the government or NGOs giving hand-outs. This has an important psychological effect that will pay dividends for generations.
3. What role does the Sparkseed School play within the Sparkseed universe?
The Sparkseed School is the place where our webinars and video conferences are held. Each month we host a webinar on topics that are important to social entrepreneurs – business planning, managing a team, pitching to investors, etc. We’ve tried a variety of platforms and Supercool School has been the best.
We are also starting peer-to-peer video conferences for our student innovators around the country so they can learn from one another. Supercool School allows us to do this.
4. How can people get in touch with you if they want to join Sparkseed?
They can reach out to me directly at [email protected]. They can also follow us on Twitter @sparkseed.
5. Anything else you would like to share with us?
The biggest lesson that I’ve learned is that success is often predicated on one’s ability to 1) discover what people are best at and what they love, and 2) give them opportunities to do those things for one’s venture. At Sparkseed, we’ve been blessed to have incredibly talented people help us and help our ventures. We are excited to meet more of those people, perhaps through this blog post.
------------------
Build your own online school here: http://www.SupercoolSchool.com