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Where are YOU creating Social Impact?

I am interested to know if there are any B corporations in here.Social entrepreneurship has become trendy. Where does your organization meet in the social impact space? Would you like to?

20 Replies

Stephen G. Barr
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Stephen G. Barr Advisor
Independent Snowsports Journalist, USSA Masters Ski Racer, Advisor @ World Pro Ski Tour
Good question Frankie. I have been encouraging startups I advise to register as B corps but none have yet. I don't see many doing so and will be interested in following this thread.

http://benefitcorp.net/
Frankie Picasso
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Frankie Picasso Entrepreneur
Social Impact Champion, Founder & Radio Host, The Good Radio Network
Thank you Stephen! Perhaps you could share your reasoning for the advice to register as a B Corp.
Stephen G. Barr
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Stephen G. Barr Advisor
Independent Snowsports Journalist, USSA Masters Ski Racer, Advisor @ World Pro Ski Tour
Sure Frankie the following paragraph is the major reason none of my startups have opted to do so since they are generally seeking venture capital:

"Benefit corporations may face difficulty in raising investor capital. Most laws require benefit corporations to be partially charitable, withshareholder valueonly being one of the many priorities of the company. This in turn disincentivizes venture capitalists from investing. As such, most benefit corporations start with an alternative legal structure, and register as a benefit corporation once their financial situation is more certain. To mitigate this detriment for startups, some states have allowed companies to incorporate asflexible purpose corporations."
Frankie Picasso
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Frankie Picasso Entrepreneur
Social Impact Champion, Founder & Radio Host, The Good Radio Network
Thank you. While the paragraph states that Benefit Corps "MAY" face difficulty raising capital, is that truly the case? I think there are socially conscious investors who love the idea of helping a Toms Shoes, or Change.org or Care2 .
I know that Ben Rattray went to Kickstarter and did brilliantly!
Michael Barnathan
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Michael Barnathan Entrepreneur • Advisor
Co-Founder of The Mountaintop Program, Google Alum
Although we considered a B corp structure for Mountaintop, we didn't see any benefit to organizing this way that were sufficient to offset the additional constraints and fundraising challenges it imposed. You still can't go after the funding streams a 501(c)(3) would pursue, and you're shut out from many of the ones a traditional for-profit would seek - seems like the sort of thing where you should just pick one or the other instead of being halfway in each camp.
Detrick DeBurr
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Detrick DeBurr Entrepreneur
Co-Founder at Game Time Giving
We, Game Time Giving, believe we are going to make ahuge social impact. However, we are a C-Corp. We think the key to a fundraising is "lowering risk". So the question becomes what legal structure increases/decreases risk from an investor's perspective? Introducing an fairly new legal structure (i.e. B-Corp) to investors increases risk unnecessarily... In my opinion.
Tami Kesselman
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Tami Kesselman Advisor
Co Chair at Impact Investing Global Summit: Capital Markets & the UN SDGs

Toms Shoesis not certified as a B Corp). It sold 1/2 it's business for$300mil to Bain Capital, a traditional venture firm. That said, they pledge to give one pair of shoes to a needy child for every pair it sold & have now established part of their manufacturing process in countries such as Haiti and Kenya so it can create more opportunities for local people. To your point, Change.org had to go to Kickstarter instead of VCs for their first round. Blake Mycoskie, founder of Toms Shoes speaks pretty eloquently about the importance of transparency and positive brand mission, with or without B Corp or other certifications. B Corps are wonderful, but if you want to attract VC funding (though there are a handful of B Corps that have), you are likely -- as a former commenter said -- better off as a traditional company with strong, transparent value proposition where doing good is completely aligned brand value and long term growth (profit). If you have family money, are a fit for Kickstarter or fit within the investment criteria of Bridges Ventures, Big Path Capital or a very small handful of other PE/VCs that are themselves B Corps, then being a B Corp could be an asset. For the trade offs in money raising check out point #4 on Page 8 and Conclusions on Page 9 of Bridges Ventures report on benefits of B Corps: bridgesventures.com/wp-content/uploads/2015/09/To-B-or-Not-To-B-online-4-spread.pdf

Anuj Saxena
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Anuj Saxena Entrepreneur
CEO at Satyam Sri Services
Hi Frankie, very unorganized segment to comment upon, few successes, many failures rather lack of ideas and raising funds. B corp are fulfilling partial social responsibility towards society.

I am working on a social plateform to bring change in society, governance and policy making with a ample room for social entrepreneurs and investors to meet on a common platefrom.

The constraint and challenge is to raise capital.
Victoria Cabrera
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Victoria Cabrera Entrepreneur
Marketing Coordinator at Patxi's Pizza
it's really good to do a search on FD first before posting. There are already tons of discussions on B Corphttp://members.founderdating.com/discuss/topic/B-corp
Ronald M. Allen
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Ronald M. Allen Advisor
Corporate Trainer in Change Management, Employee Development, Client Account Retention & Customer Service Engagement
ManagingChange2.com came out of Managing Life's Changes, an online community about all things change. Our focus is on how people and their perspectives on change navigate the challenges they face in life. We conduct guest interviews, creating Forums, Groups and providing feeds so visitors to the site can discuss our core five key topics, You the Id, Family Dynamics, Business & Entrepreneurship, Immigration and Life's Perspectives into question, and create their own.
Our social mission is to bring awareness of the multiple ways individuals around the world have and are dealing with manage change and how new economies are creating incredible opportunities for average people to craft a respectable living out of what they are natural drawn to and enjoy.
We are open to any and all ideas as we continue to self fund and grow the site.
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