The future of good
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"In commercial sector, you write a check and expect to get that money “and then some” back. In nonprofit sector, you write a check and you’re going to get nothing back and be asked to give more."
There are *so* many things lacking with that quote that I can't imagine that is how Mr. Case actually feels about the nonprofit sector.It also doesn't necessarily explain why a "hybrid" organization (Is that, like, a made up term?) would be any better at forecasting ROI.A VC colleague who sits on a venture philanthropy board has a favorite saying when he introduces himself: "I fund not-for-profits too, they just happen to be startups in the technology industry."
Why is the analogy always between giving and investing? Giving is much more like consuming.When you buy a meal at a fancy restaurant, you eat it, bam, it's gone. You don't "get your original investment back." You haven't bought something "self-sustaining." Rather, you used your money for what it's made for: you exchanged it for something you want. Giving better lives to others is another thing you can want.
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