This article was written by Phin Upham
There is a new wave of entrepreneurship hitting the Web, and it’s having effects all over the world. It’s called social entrepreneurship, and these innovators are solving common problems around the globe. These professionals band together to solve complex challenges cheaply and efficiently.
What they Do
A social entrepreneur identifies a societal problem and fixes it. Their work isn’t like that of the typical non-profit corporation. They are looking for both immediate, short-term results and long-term changes down the road. They look for things that hold society back, like running water or inadequate medical care, then they work on removing those obstacles through money and work. Once a solution is found, social entrepreneurs then seek out ways to get that same solution working in other parts of the world that are wrestling with similar issues.
In order to make an impact, social entrepreneurs must work with people and nations that can have tricky customs or rules that must be adhered to.
Social entrepreneurship is a revolution that is having a huge impact on the way society solves its issues. Look at the work of Bill Gates, who is trying to get running water and mosquito nets to places that need it most. He is also working on a device that can store vaccines safely from the elements. These small changes have the potential for a big impact in the life of an under privileged person.
The first social entrepreneurs were people like Susan B. Anthony, who took up the fight for women’s rights and led the temperance movement. John Muir was one of the first social entrepreneurs to speak up for the National Park System, hoping to preserve the beauty of America.
About the Author: Phin Upham is an investor at a family office/hedgefund, where he focuses on special situation illiquid investing. Before this position, Phin Upham was working at Morgan Stanley in the Media & Technology group. You may contact Phin on Phin Upham Twitter page.