Archive for July, 2007

We have a sponsor AND an office!

Monday, July 30th, 2007

I’m proud to tell you all that our fiscal sponsor is GivingNet , formerly known as the Community Foundations of America. We were able to transform a chance meeting with a GivingNet manager, Doug Yeager, over at the Salesforce.com Nonprofit Roadmap Summit into our fiscal sponsorship. Carla Dearing, the President and CEO, and Caroline Heine, Chief Operating Officer, has been instrumental in helping us get socialmarkets off the ground because they’re not just our fiscal sponsor but they’re handling our back-end operations as well. What is amazing isn’t that GivingNet is our fiscal sponsor, but that socialmarkets so clearly fits into their strategy . Sometimes, I’m in awe of the kismet of it all.

And even more good news, Tate Hausman of the Integration Proclamation, is now our landlord. As of September 1st, we’ll be in our new office over at 18 West 27th Street in the Flatiron district of Manhattan. Yup, we’re getting less and less virtual as time goes on. We’ve got ledgers, desks and what not going on. And it means that I won’t to have to be in what passes for my computer office here at my home. Who knew that the prospect of air conditioning could be so sweet?

The New York Round

Wednesday, July 25th, 2007

Before this blog post really starts, I just wanted to thank the Cyber-Yenta, Deborah Elizabeth Finn, for her fantastic work in finding and opening doors for us in the nonprofit technology world. She’s been giving us incredible introductions to lots of great people in the sector.

After we got back from Boston, Deborah came to New York and thus started another flurry of meetings. We met with Resource Generation, Modest Needs and the Rockefeller Foundation.

Here are some pics!

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That’s me with Deborah Elizabeth Finn and Dr. Keith Taylor from Modest Needs.

Our manifesto!

Tuesday, July 24th, 2007

The beginning of our manifesto is being released slowly on the site and as new entries are added we'll certainly discuss them on the blog. For now, check out the early beginnings of our manifesto

But let's say you don't want to read about how we feel. How would you like to listen to the Ethos Roundtable conversation that we had?

Download it in mp3 format. It's being presided over by Deborah Elizabeth Finn (none better at establishing relationships between socialmarkets and the nonprofit sector) and Josh Shortlidge. 

Our Boston Trip!

Saturday, July 21st, 2007

Boston!

 So we just got back from an incredibly successful trip to Boston to do the following:

1. Introduce ourselves to nonprofits interested in socialmarkets.org

2. Attend the Ethos Roundtable

We're with Brandy Cruthird in Roxbury, MA on 7/17/2007

Jeff, Brandy and me at the Body by Brandy gym

The first thing we did when we got to Roxbury, MA was visit Brandy Cruthird’s Body By Brandy gym. She is definitely a force to be reckoned with! And she is using her business acumen to start a nonprofit devoted to reducing childhood obesity rates in her community. From what we could see in our short visit, she has very good metrics on her program participants, tracking things like BMI every three months. Clearly, her program is a very good candidate for socialmarkets as she is not averse to publicizing both her successes and failures and has clear, definable outcomes for all her project participants. She has so many case listings that she should could easily swamp our ability to track them all so we decided to aggregate them into a program and at least one case listing. We’re very proud to be working with America’s next fitness star .

Jeff and I at the Ethos Roundtable on 7/17/2007
Jeff and I at the Ethos Roundtable

Right after meeting with Brandy, we high-tailed it over to Cambridge and the Charles Hotel to attend the Ethos Roundtable. There were representatives from Organizer’s Collaborative, firstgiving.net and others. We laid bare our corporate souls metaphorically speaking and discussed the problems inherent in an SROI metric and the attendant effects of a truly efficient market (i.e. there will be winners and losers). Deborah Finn discussed her version of events and I have to say ours is fairly similar. It’s true though there are parts of the socialmarkets model which are distasteful but we believe that a social market is inevitable in the United States. It’s best to try to ameliorate all the most difficult portions of a social market by discussing them with nonprofit sector stakeholders. If you know of any conferences where we can have a knock-down drag-out bull session with any and all comers, we’d love to have it. We’d like to keep groups small enough so that people can follow up with questions as we believe that deep and incisive analysis is the only way to really have a constructive dialogue.

 TechFoundation's Kathleen Sherwin addressing the 501tech Boston regulars at the Charles Hotel in Cambridge, MA.

We then moseyed on over to a dinner held by the TechFoundation. That’s Kathleen Sherwin addressing the 501tech Boston group. As a past attendee of the New York 501tech meetings, I have to say that Boston does it better. It’s not held at a bar so it’s much easier to mingle with both new and old attendees. Job announcements are clearly held as well. I think it’s time for the NY 501tech crew to step up and find a decent meeting place and have catered events. You know, like real adults.

Rushing Rivers
Jeffrey Legros (fisheries), Joe Rogers (GIS), me, Jeff, Piotr, Raquel and Elena Listo

The next day, we traveled to Amherst and checked out Rushing Rivers which is run by Piotr Parasiewicz. Piotr is both an academic and an engineer. A unique combination of practice and theory is clearly his modus operandi. He constantly checks on the state of rivers in Massachusetts and uses that data to better inform his river simulations. Yes, that’s right. He can simulate the effects of water flow in rivers and their effects on fish in that river using long-standing data. SimStream — yes, like the Sims only it’s for rivers. This is clearly the kind of data that should be available to donors when they’re looking to find out whether or not their dollars are working to properly engineer a river. And Rushing Rivers will also be one of the nonprofits you’ll see in our alpha release. And like Brandy Cruthird, Piotr Parasiewicz has no problem showing the Web all his outcomes and coming up with SROI numbers for each case and project.

Bridgeport Ferry
Ferry from Bridgeport, CT to Port Jefferson, NY

Afterwards, we were exhausted from the constant driving and decided to take a brief break from the driving and hopped on the Bridgeport ferry to Long Island. However, we just couldn’t stop marveling over the nonprofits that we visited. These are young and hungry nonprofits but very smart ones. They know that showing their outcomes to the world isn’t bad. For them, it shows that there is a strong commitment to results. Both Ms. Cruthird and Mr. Parasiewicz are clearly tinkerers with their projects.

Both of them have retooled projects despite a high level of success. For Ms. Cruthird, it’s a reason to fix her programs. After all, she works with obese children in the 85th percentile or above for their weight. It’s not supposed to be easy to work with her population. For Mr. Parasiewicz, as in all science, even failures are a success as it allows him to refine his models. And this is why we exhort nonprofits to show their outcomes and use outcome measurements as part of their process, it is not embarrassing to show adverse outcomes to donors. Indeed, it’s a reason to improve your program to better serve your clients, whether they’re underserved children or fish in your local river.

Interested in social finance? Let’s talk!

Friday, July 13th, 2007

If you’re interested in a career in social finance… The Forex Blog has a great list of educational opportunities for you. 

Jeff and I believe that socialmarkets would write an entirely new chapter in the world of social finance, linking market-like activity to the work that nonprofits will allow for the creation of new data that social financiers can pore over and discuss. It might even lead someday to the creation of a branch of financial engineering devoted only to nonprofits, sociofinancial engineering anyone? There’s no doubt that if we can create a large historical database for analysis we can tie outputs to outcomes to market activity to expected returns. There’s got to be a PhD thesis in there somewhere, right?

Well, we’re entirely open in helping researchers go over our data in the long run and in building our database for the needs of researchers. Help us start the virtuous cycle of research and data collection, e-mail allan@socialmarkets.org.


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