The San Francisco Bay Area is home not only to technology innovation, but also to the growing trend of impact investing—an investment approach that seeks to create both financial and social returns. In a story that examines the region’s impact investing landscape, the Maximpact blog cites Benetech among some of the biggest players in the Bay Area.
How do you bridge the breakthroughs of Silicon Valley with unmet social needs? Financial magazine Barron’s highlights this question in a story about CEO Jim Fruchterman, his founding of Benetech, the organization’s social enterprise business model, and the impact of its work on the lives of marginalized communities.
What could we do with a billion dollars invested in a global campaign aimed at helping the world’s poorest communities? CEO Jim Fruchterman returned from this year’s TED conference with exciting ideas in response to this challenge. On Huffington Post, he explains what sparked his thoughts on this topic.
I’m on the hunt for rocket fuel because new social enterprises—ones that five years from now could reinvent a part of the social sector—cost money to identify, to explore and to grow the most promising ones into self-sufficiency. Just like for-profit tech ventures search for angel investors, we need you—the philanthropic investors—to provide the rocket fuel that drives innovation. Are you a social investor? Are you a donor with passion for BIG ideas that can lead to BIG change? Then we have the opportunity for you! This Giving Tuesday, give different. Invest in innovation with Benetech and become part of the creative process that yields disruptive solutions for social good.
Our neighbors at Palo Alto Online have featured our CEO, Jim Fruchterman, in their “First Person” video series. The series includes one-on-one interviews with locals who are making a difference in the community. In the conversation, Jim describes the journey that led him from studying engineering at Cal Tech to the founding of Benetech. He also talks about how while most companies focus on developing technology that will generate big profits, Benetech, as a nonprofit, focuses on developing technology for social good.
