The mission-driven venture : business solutions to the world's most vexing social problems

Content: Preface xi     Acknowledgments xv     About the Author xvii     About the Website xix     1 Nothing Stops a Bullet Like a Job 1        Father G    and Homeboy 5     Vanessa Bartram and WorkSquare, LLC 6     The Origin of Mission-Driven Ventures 7     Businesses Drive Social Change 9     Profits and Purpose 13     Our Agenda 17     2 Where to Begin? Constructing the Mission-Driven Venture 19     Maximizing the Prospects of Financial Success and Meaningful Social Impact 22     Tracking Input, Output, and Outcome Indicators 27     Entity Design Choices 28     Moving from Ideation to Realization 30     Preparing for Launch 35     Zeroing in on Size and Scale 38     3 Communities of Interest: Benefit Corporations and Certified B Corps 40     Delaware Rejects Stakeholderism 43     The Benefit Corporation   s Impact 46     Delaware, the Outlier 49     Patagonia   s Values and Vision 50     Public Good Software Supports Civil Society 52     Ensuring Accountability to Stakeholders 53     4 PRIs and L3Cs 55     The Low-Profit Limited Liability Company (L3C) 59     The    Sustainability Mayor    Leverages His Impact 62     Counseling Data, L3C: A Case Study in Collective Impact 64     5 The Poor and Their Banker Lead the Way 67     Professor Yunus    Journey 68     The Visit to Jobra 70     The Banking System   s Failure 71     Yunus    Ingenious Solution 72     The Advent of the    Social Business    74     Grameen Bank and Its Strategy 75     6 Leveraging Grameen 79     The Power of Cause-Related Marketing 81     The Grameen Family Expands 84     Social Venture Franchising 86     Grameen Empowers Entrepreneurs 88     7 The Mondragon Miracle: Scaling the Peaks Beyond the Pyrenees 91     Italy   s    Social Co-Operatives    97     France   s    SCOPs    99     Why Worker-Owned Co-Ops Succeed 99     The Evergreen Cooperatives Build on Mondragon   s Success 100     8 Social Impact Bonds: Aligning Financial and Social Returns 105     Funding Targeted Intervention Strategies 106        Pay for Success    112     The Massachusetts Initiative 113     New York City Leads the Way 115     Pay for Success Gains Traction 117     Where Social Impact Bonds Work 118     The Social Impact Bond   s Progeny 119     Empowering the Social Sector 120     9 Building and Rebuilding Communities 121     Donor-Advised Funds 126     The Role Foundations Play 126     Lessons Learned 130     10 Investing for Impact 132     The Origin of Impact Investing 137     Impact Investing Takes Root 142     11 How Impact Investing Works   and Why 147     The Form of the Investment 150     Managing Risk 152     Judging Investment Performance 156     Quantifying Social Returns 157     Cashing Out 159     The Challenges of an Impact Investing Market 161     12 Impact Investing: Pursuing Its Destiny 163     The Importance of Public Policy 165     The Institutional Investors Weigh In 170     The Growth Trajectory Is Clear 174     13 Keeping Score: What Success Looks Like 178     A Safe Haven   s Social Impact 179     Crediting the Causes of Positive Social Change 182     REDF and Social Return on Investment 186     Root Capital and Its    Social and Environmental Scorecard    189     Acumen Fund and Its    Best Alternative Charitable Option    190     14 Answering the Call: The Demand for Social Metrics 192     Scaling Success 194     Shared-Outcomes Networks 198     15 Toward a Universal Metrics Language 210     Creating More Social Good 214     The Industry Steps Up 215     Impact Reporting and Investment Standards (IRIS) 216     The Global Impact Investing Rating System (GIIRS) 218     B Analytics 219     Other    Universal    Standards 219     The World Takes Note 220     16 What the Future May Hold: The Triumph of the Mission-Driven Venture 222     The Poorest of the Poor Have Reason for Hope 222     The Growing Role of Business 223     Social Enterprise Gains Influence in the Developing World 224     Business Raises the Bar 225     Governments Reach Out to Mission-Driven Ventures 227     Measurement of Social Performance Becomes     More Sophisticated 228     Stakeholders Look to Substance Over Form 228     Social Capital Takes Center Stage 230     The Stakes Go Higher 231     Collaboration Becomes the Watchword 233     Index 235