Monday, December 15, 2014

The whole social economy in one place

Nonprofit. Network. Benefit corporations. Peer-to-peer platforms, the sharing economy, social welfare nonprofits.... I've been writing about this mix for years - on this blog, in the Blueprint series, and at Stanford.

(photo: (c) Copyright Lucy Bernholz, All rights reserved.)

Today, Peers, a nonprofit membership association that owned and operated a for-benefit corporation - all in the service of the sharing economy - has now split into two organizations. One will be be a benefit corporation (and a B Corporation) and one will be a nonprofit organization. One will raise investment capital, the other will rely on memberships and donations. Both organizations have stopped focusing on the sharing economy companies and started focusing on the people who use those platforms for work (the drivers, shoppers, and room-renter-outers). You can read all about the transition here.

It's like all those little bubbles in one. Not your grandmother's nonprofit sector.

Oh, and on this topic, I'm pleased to have contributed the Foreword to a new book, Understanding the Social Economy in the United States, due out in February from University of Toronto Press.

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