Source Business Directory
MEDIA, JOBS & RESOURCES for the COMMON GOOD
NEWS  |  Finance, Philanthropy

Transformative Philanthropy Not For ‘Rockstars’


Tuesday, 7th May 2013 at 10:01 am
Staff Reporter
While becoming a social entrepreneur may be the ‘cool thing to do,’ having a ‘rockstar’ mentality is not the right mindset when solving social problems, a Transformative Philanthropy Forum in Melbourne has been told.

Tuesday, 7th May 2013
at 10:01 am
Staff Reporter


0 Comments


FREE SOCIAL
SECTOR NEWS

 Print
Transformative Philanthropy Not For ‘Rockstars’
Tuesday, 7th May 2013 at 10:01 am

While becoming a social entrepreneur may be the ‘cool thing to do,’ having a ‘rockstar’ mentality is not the right mindset when solving social problems, a Transformative Philanthropy Forum in Melbourne has been told.

The Forum heard that collaboration rather than working alone as a high powered individual in these areas is the key to success.

Today, it’s “cooler to be a social entrepreneur than a ‘tech’ entrepreneur,” Fors said.

“But change is a team sport. It requires more players.

“A ‘rock star’ mentality doesn’t help.”

Chair of Social Venture Partners International, Lance Fors from the Silicon Valley in California delivered the keynote address at the Australian Communities Foundation forum focussing on how financial, program and human capital work to achieve social change.

Fors said that leveraging human capital was really important and it’s not all about making money.

“People will solve problems, not money,” he said.

Fors was the founder and CEO of Third Wave Technologies, building it into a leading publicly-traded biotechnology company, which made products that enabled the early detection and treatment of cervical, colorectal, liver and other cancers. Since selling Third Wave for $600 million, Lance has focused on social change and entrepreneurship.

He is chair of Social Venture Partners International, a board member of Growth Philanthropy Network and Jumpstart, and lectures on the potential of Not for Profit boards to provide transformational leadership.

According to Fors, Venture Philanthropy is ultimately about “unleashing human potential”.

“You don’t go to business school to become a venture philanthropist.

“You only learn by doing. It’s an apprenticeship model,” he said, relating it to “experiential learning”

He said that a social venture is for people who “actually want to add value with their time and talent, not just their money”.

For programs to be successful, it involves collaboration with a donor circle who are interested the long term goal of solving problems.

“There needs to be a focus on impact,” he said.

“It’s not the quantity of money but the quality of the impact.

“We have to place fewer, deeper and longer bets.”
 




Got a story to share?

Got a news tip or article idea for Pro Bono News? Or perhaps you would like to write an article and join a growing community of sector leaders sharing their thoughts and analysis with Pro Bono News readers?

Get in touch at news@probonoaustralia.com.au


Write a Reply or Comment

Your email address will not be published. Required fields are marked *



YOU MAY ALSO LIKE

Myer Reveals New Plans for Strategic Philanthropy

Wendy Williams

Thursday, 14th June 2018 at 3:30 pm

Impact Investing Could Displace Traditional Charitable Giving

Wendy Williams

Thursday, 7th June 2018 at 8:38 am

Promoting Sport as a Philanthropic Cause in Australia

Luke Michael

Wednesday, 6th June 2018 at 4:15 pm

How to Ensure Support From Your Staff When Undertaking a CSR Program

Andrew Muir

Wednesday, 6th June 2018 at 8:30 am

POPULAR

Australians Are Giving Less

Wendy Williams

Thursday, 14th June 2018 at 8:00 am

The Need for Leadership to Address White Supremacy in the NGO Sector

Luke Michael

Thursday, 14th June 2018 at 8:53 am

Victoria Takes ‘Exciting Step’ to Reduce Red Tape for Charities

Wendy Williams

Friday, 8th June 2018 at 4:17 pm

Full-Time Work No Longer A Reality for Young Australians

Wendy Williams

Thursday, 14th June 2018 at 8:48 am

Source Business Directory
pba inverse logo
Subscribe Twitter Facebook

The social sector's most essential news coverage. Delivered free to your inbox every Tuesday and Thursday morning.

You have Successfully Subscribed!