Using up your currency…women & the VC world

October 20th, 2010

I am doing a lot of research on women, entrepreneurship and investment and found this quote from Cindy Padnos of Illuminate Ventures (as posted by Nick Leiber in Business Week) very interesting:

Of course, it’s not just about adding women partners—the firm’s culture needs to change, too. Padnos told the audience this anecdote: “When I go out with these women-led companies and introduce them to women [venture capital] investors, I frequently hear a comment that shocked me—and when I thought about it, I realized they were right. They say, ‘I’m a new partner here. I’ve already done one woman-led deal. I can’t do another.’ Now substitute another male-led deal, Indian-led deal, Asian-led deal; anything else and you would think that person was absolutely out of their mind. But in reality when they’re in a partnership where they’re the only woman partner…and they are a junior partner in the firm and they’ve made one bet already on a woman, they’ve got to see it through successfully before they feel comfortable taking on another.”

If you are interested in learning more about research on women and the VC world, check out Padnos’ whitepaper, “High Performance Entrepreneurs: Women in High Tech.”

Zilch: The Road Less Traveled

July 12th, 2010

When I was in college, I remember making one of those “life decisions.” Did I really want to be a starving artist in New York City, or did I want to live up to the challenge of addressing social and environmental injustice? In the end, it turns out artists make more money in NYC than nonprofit folks…at least that’s how it seems. But, I’ve also found that one of my best assets in the nonprofit world is the off-the-wall creativity that set me apart as an art student.

Today the Nonprofit Millennial Bloggers Alliance is writing about how our organizations have been doing more with less, thanks to some great inspiration by Do Something CEO Nancy Lublin’s recent book, Zilch: The Power of Zero in Business. (Nancy Lublin, by the way, is one of my favorite nonprofit writers. Check out her monthly column in Fast Company.)

Let’s step back a little and highlight the obvious: Zero in this context refers to zero money. Not zero talent. Not zero determination. Not zero creativity. My experience in the nonprofit sector over the last year has focused on the work of start-up nonprofits, where people are doing a lot with little to no budget. It is absolutely amazing the things people will come up with, how they will leverage existing low cost technologies, seek out free networking opportunities, utilize connections and so on. One project I’ve been especially excited about, is Pipeline’s #womeninnovator video series which was started by Strategic Initiatives Associate Claire McGovern just this summer. The costs are low (one-time flip cam cost + volunteer hours + free vimeo account) and the returns are high (recognizing, highlighting, and promoting women innovators + creating buzz + fulfilling the org’s mission). The ROI is totally measurable in this context too, as long as we place a dollar value on the social returns.

The only aspect of this equation that is difficult for start-up nonprofits is the sustainability of volunteer (or in other cases underpaid) staff. But, even here there are some great opportunities for non-financial compensation. Providing professional development opportunities, sharing professional contacts, writing letters of recommendation, flexible work schedule, more vacation days, etc. Thanks to the growing interest in high quality-of-life jobs, there are lots of ways nonprofits can satisfy their loyal staff that don’t include big end of year bonuses and tickets to sports games.

Nancy says it best in Zilch:

The misconception is that not-for-profits don’t have to be innovative, that we aren’t ambitious, and that we can simply rely on hard work and commitment and we’ll do just fine…Instead, [innovation is] an integral aspect of out daily functioning. Not-for-profits have to be innovative continuously in order to survive. We need to be creative in order to keep costs down, to find fresh sources of funding, to energize our own over-worked, underpaid staffers, and to figure out an original way to put on an annual event. Without an abundance of resources or manpower, innovation is a way of life.

Furthermore, part of the nature of the nonprofit sector is not only questioning but also rethinking the status quo. This in and of itself requires a great deal of creativity and innovation!

As an artist, I’ve always found that I produce my best work when constraints are applied.The smaller a box you are given to work with, the more things you will be able to discover you can do within that box. Think of kids: One of the most amazing things about kids is they can have every toy in the world, their bedrooms overflowing with expensive dolls, blocks, cars, science sets, video games, etc. but they are bored and “have nothing to play with.” And yet, those same kids can spend an entire afternoon fabulously entertained with just a bucket and a shovel. Or a piece of chalk. Or a stick. The same is absolutely true of nonprofit, or any company for that matter. We just have the good luck to have self-imposed creativity demands. :)

Quote of the Day

February 4th, 2010

“People are like stained-glass windows. They sparkle and shine when the sun is out, but when the darkness sets in, their true beauty is revealed only if there is a light from within.” Elizabeth Kübler-Ross

I’m not really a big quote person, but I think this one deserves the deviation.

(via Mekaelia–YNPN-NYC Partnerships Chair)

Haiti: Trying to comprehend

January 19th, 2010

Today the Nonprofit Millennial Bloggers Alliance is collectively posting about the nonprofit sector’s response to Haiti’s disaster.  Check out the list of bloggers for their posts.

I was on vacation with my family in Vermont on January 12th– mostly concerned with sledding as much as possible and eating buffalo wings and s’mores. So, upon my return to civilization I was caught off-guard by the whirlwind of the Haiti earthquake. I saw on CNN the announcement that 50,000 people were presumed dead. “What?! That cannot be right.” I could not comprehend the number of human lives lost or wrap my head around what was going on. But the number has only continued to rise and fatalities are now estimated at over 200,000. It is beyond staggering.

I find it very difficult to understand what it going on and so, I do what most people do when trying to comprehend a difficult situation: I try to empathize. Although, of course in this case that is impossible–I try my best.

I was 10 years old when Hurricane Andrew–a category 5 hurricane–hit South Florida in 1992. I remember the day before the hurricane hit: our house was boarded up with plywood, we brought all the backyard toys into the living room, I took breaks from pulling down grapefruits and avocados from our trees (so they wouldn’t break windows when the wind picked up) by jumping in the pool. We were in an evacuation zone, so we left in the early evening for my grandmother’s house. We passed the night 6 of us in my grandmother’s closet sitting on shoes.

And the next day our house–along with every other one in my neighborhood–was completely destroyed and uninhabitable.

We spent the next couple of months as vagabonds. I remember sleeping in sheets that were unknowingly covered in fiberglass and itching uncontrollably, moving from one person’s house to another, feeling lucky that my grandmother had a gas stove so we could cook and boil water. My mother, meanwhile, was literally excavating our home for anything she could find to salvage, trying to process our insurance (and document every single thing we lost) so we could have a place to live, and just making sure we had the basic necessities. Businesses and schools were closed for months–the economy obviously under duress–as residents tried to piece their lives together and make sense of a life-changing catastrophe.

Hurricane Andrew resulted in $40.7 billion (2008 USD) in property damage and 69 fatalities [Hurricane Katrina resulted in $89.6 billion (2008 USD) in property damage and 1,836 fatalities]. Fatalities from Hurricane Andrew and Hurricane Katrina are each less than 1% of the current estimated fatalities in Haiti. These numbers only just begin to put the extreme devastation in Haiti into perspective. Wyclef Jean, who has been in Haiti recovering dead bodies, very appropriately describes it as the apocalypse:

What does this mean for aid? For disaster preparation? For emergency response? For sympathy? For empathy? But maybe more importantly, for collective action?

The truth of the matter is that it is impossible to understand what is happening in Haiti without being there–you can only imagine, and I know my imagination is not even scratching the surface despite my experience with a destructive natural disaster. But that doesn’t prevent action. Today the YNPN-NYC listserv has been full of benefit events from various nonprofit organizations to raise money for relief efforts in Haiti. The Nonprofit Millennial Bloggers Alliance committed to writing about the topic. Individuals around the world are donating money and raising awareness–text message donations alone have already raised USD$22 million in a week. Celebrities, including Sandra Bullock and Gisele Bundchen who have donated USD$1 million and USD$1.5 million respectively, are also making major financial contributions to the relief effort.

But perhaps the real action is a long-term commitment to relief, development, and moral support. It took South Florida years to fully recover Hurricane Andrew, New Orleans still continues to struggle post-Katrina–and this disaster is far, far worse. Young nonprofit leaders, get ready. Now is the time to step up.

Green Edge NYC 3rd Birthday Bash!

November 23rd, 2009

Mark your calendars for Green Edge NYC’s 3rd Birthday Bash!

GreenEdgeBdayBash

In celebration of the community-based organization’s third year of connecting “people with businesses, organizations and the resources they need to build a sustainable future” the group will be hosting a blow-out party at littlefield in Brooklyn.

Things you should know:

Tickets are $20 (and include raffle tickets! YESSSS! I am personally hoping to snag the Blades Natural Beauty item. )

The event runs from 7:00 pm-11:00 pm.

From 7:30-8:30 there will be representatives from Root for Trees, Tap It, Brooklyn Green Team, Rising Tide Initiative, and Solar 1 at the nonprofit booths. Now is your chance to meet other awesome environmentally-minded folks doing great things in NYC.

Hope to see you all there!

“How do you define and measure social impact?”

November 17th, 2009

As I’ve spent the last year figuring out where I want to direct my career, I have come to the conclusion that social impact metrics and performance evaluation is the path I want to take. So I was very excited when I found out that my first post as part of the Nonprofit Millennial Bloggers Alliance would be addressing just that.

I want to preface my answer by saying that I am a total nerd–so looking at numbers, evaluating statistical relationships, and quantifying values are all very exciting to me. But why do these things matter to nonprofit organizations which are providing social good? If Girls on the Run (GOTR)–”a nonprofit prevention program that encourages preteen girls to develop self-respect and healthy lifestyles through running”–provides a great after-school program, does it really matter what the impact is? Shouldn’t we just be glad that they are providing this service? Read the rest of this entry »

Nonprofit Millennial Bloggers Alliance

November 16th, 2009

I am very excited and honored to have become a member of the Nonprofit Millennial Bloggers Alliance–a group of entrepreneurial young nonprofit professionals who are providing peer support and leveraging social media to further advance the nonprofit sector. Individually each of these men and women are inspiring and thoughtful movers-and-shakers….together the sky seems to be the limit. The Alliance (which is growing!) is currently includes the following Gen Y bloggers:

I encourage you to follow these great social change advocates on Twitter and read their fabulous and insightful blogs. You will not be disappointed! I promise!

Stay tuned! As tomorrow is my innaugural Alliance post!

Triple Pundit Post on NYWSE ESL

November 13th, 2009

I recently had the opportunity to write a post on Triple Pundit about the NYWSE Emerging Sustainability Leaders (ESL) program. Here’s an excerpt:

The best kept secret in the world of corporate social responsibility (CSR) is that CSR is an inside job. Many people who are heading up CSR departments (or are the CSR department) at their companies, were once regular employees who one day decided to start recycling at the office or organize volunteer days. What resulted was a snowball effect. Management saw the benefits of sustainability, clients became interested and engaged, the company re-branded and marketed its efforts, and these employees continued to develop more and more socially responsible initiatives. A new way of doing business had been born and a new social champion had arrived: the social intrapreneur.

For the full article go here.

And a shout out to the members of the NYWSE crew (specifically Shari Aaron, Ashby Andrews, Natalia Oberti Noguera, & Stephanie Niloff) who are hard at work getting this amazing program off the ground!

I’ve got friends….who go to conferences

October 23rd, 2009

When @jameselbaor tweeted that he was on his way to the Columbia Business School Social Enterprise Conference one Friday morning, I immediately sent him a message asking if he could take notes as I would be spending the day sitting in the office. And he did!There are many great conferences out there, probably even way more than I know of, but going to all of them is probably impossible–unless you are a social enterprise conference roadie. A great way to address this problem is to have friends who go to conferences too. James Elbaor is the Co-Founder and Executive Director at KR Student Loans–a peer-to-peer lending platform for students–and a member of the Nonprofit Millennial Blogging Alliance. Here are James’ two main takeaways from the Social Enterprise Conference: Read the rest of this entry »

Open Source NPO

October 9th, 2009

In response to some of the conversations I have been having lately—both virtually and in-person–regarding the role of competition, collaboration, and communication in the social sector, I have been trying to think about how and why these issues exist in the first place….and how they might be addressed. Now, we all know that generalizations can sometimes be unfair, but sometimes they can also be rather accurate….read on:

Competition: Nonprofits are constantly targeted by the business-minded as lacking efficiency due to the fact that NPOs are not competing in an open market. As a result, the need for innovation is removed. Which is not to say that innovation isn’t necessarily occurring in the nonprofit world, but it tends to be driven internally (as in, “Hey we feel like we want to do this”) rather than externally (as in, “Hey we have to do this if we want to survive”). The competition element is increasing, however, as nonprofit watchdogs, like Charity Navigator, and private foundations are relying on industry best-practices to evaluate the relative effectiveness of nonprofit organizations. This in turn is informing where foundations invest their funding and encourages individual donors to also do their research when giving. Read the rest of this entry »