logo      welcometoentrepreneurcountrylogo
Log in using Facebook Forgot login?Register
News & Features Business Know-How Social entrepreneurs lead by example

Social entrepreneurs lead by example

Written by Julie Meyer on Tuesday, 31 March 2009 17:58
Rate this item
(0 votes)

Paul Barry-Walsh, founder of the Fredericks Foundation, which is the UK's leading micro-finance organisation, won the Philanthropist of the Year Award at the CNBC European Business Leader Awards at the Mandarin Oriental on Thursday evening. He was up against Richard Branson and Arpad Busson. When he accepted his award he said, "I'm the one you haven't heard of."

While that got a laugh, Barry-Walsh went on to say that everyone needs to be a philanthropist today.

Actually, there's no shortage of ways to "give back" today whether what you are rich in is capital, ideas, time or your network of relationships.

Charities suffer from chronic lack of funding, poor IT set-ups, and second hand everything. Nathan Betheridge, founder of Everyday Hero, launched Heroix in 2007, a platform to raise capital for charities, and has helped 86 charities in Australia to raise $9 million from 160,000 funders. Someone had to build an efficient online fundraising platform for the not-for-profit sector. Nathan married his understanding of brands and the internet with a successful business model - a blend of membership, transaction and license fees.  

Martin Armstrong, the extremely successful recruitment entrepreneur, founded Greenvoice after moving to the country and seeing the need for sustainable farming.  Greenvoice today is providing the tools for people to be serious about the cause which matters to them. In a world where many Corporate Social Responsibility programs seem disconnected from the life of the firm, Greenvoice has an opportunity to enable management to devolve responsibility to the individuals who may want to back different causes with their time, networks and money. Whereas Greenpeace and the rest of them failed to engage the mass market, Obama's campaign shows that organisation and passion can change the world. Greenvoice is part of this 21st century People Power paradigm.

And last week, I caught up with my old friend, Seb Bishop, who founded Espotting, which had - before Google - the business model which the advertising industry operates on, back in 2000. He sold it successfully in early 2004 for millions. Seb took over Red, the "agency" launched by Bobby Shriver and Bono, whose call to action is: "buy red products from top brands and fight aids in Africa." They have raised more than $125 million to date.

When I arrived in London in early 1998, I was a babe in the woods. I wanted to make my fortune, and I was confronted with a Chairman at New Media Investors, Tom Teichman, who gave me my first job. While I was worrying about my bonus, he was promising to give 1% of NMI's profits to charity. It was the best framework I could have had to begin my new life in venture capital. Make money then give money.

With the G20 riots threatening to come this week, we owe it to ourselves to remember the choice we have - to marry personal gain with individual philanthropy, no matter how small. In the moment of choice, choose to help others.

Last modified on Tuesday, 21 April 2009 15:17

Add comment


Security code
Refresh

Latest Comments

Welcome to Entrepreneur Country

Community Coffee Lounge

Welcome to the Entrepreneur Country Coffee Lounge.

coffee_lounge

With a host of viral videos, games, cartoons and puzzles, its your time to relax.

Entrepreneur Country

Related Media

Facebook/Twitter

EC Tweets

Loading...

Last 4 tweets from EnCountry:

Poll

Should Britain be part of the European Union?

Yes - 69.2%
No - 30.8%

Total votes: 78
The voting for this poll has ended on: 23 Feb 2013 - 14:44