Financing Social Venture Network

Published on October 14th, 2013 | by Derek Markham

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Crowdfunding to Level the Playing Field for Minority Entrepreneurs

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Social Venture NetworkAccording to a recent Forbes piece, the challenge of making it as a woman or minority entrepreneur isn’t so much a matter of the market, or the niche, or even the right attitude, but rather the lack of access to enough capital – both in the financial sense and in “social capital”.

Another piece mentions that women are starting businesses at twice the rate of men, and even may out-earn them, but that even so, only a small amount of venture capital is invested in women-owned businesses.

Becoming a successful entrepreneur calls for more than just a great product or service and the capital to get it off the ground. It also takes a great amount of business knowledge, skills, mentors, and strategy in order to stay the course over the long run and turn a good idea into a viable business. And that’s where organizations such as SVN can be a big help. But what about those who can’t afford the cost of services and courses?

To try to level the playing field a bit, the Social Venture Network (SVN) is taking a page from the success of crowdfunding in order to underwrite scholarships and support services for mission-driven women entrepreneurs and entrepreneurs of color.

SVN wants some help to “triple the triple bottom line“:

“… one study by Emory University showed that women-led social enterprises generated an average of 15% more revenue than their male-led counterparts. The problem? They’re 40% less likely to receive funding in the first place. This trend applies to minority-owned firms too: entrepreneurs of color receive less than half the equity investments that non-minority businesses do.” – SVN

If you’d like to help SVN to create a more inclusive business community, as well as a more just and sustainable world, head over to Indiegogo and kick in a few bucks to their campaign.



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About the Author

lives in southwestern New Mexico and digs bicycles, simple living, organic gardening, sustainable lifestyle design, slacklining, bouldering, and permaculture. He loves good food, with fresh roasted chiles at the top of his list of favorites. Catch up with Derek on Twitter, RebelMouse, Google+, or at his natural parenting site, Natural Papa!



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