ABSTRACT

Growth is what is expected of social entrepreneurs. Social venture philanthropists, such as Ashoka, Echoing Green, and the Acumen Fund among others, use venture capital models to assist high-impact social ventures. Their strategies demand that the ventures in which they invest maximize their social return on investment (SROI). Foundations want their grant dollars to achieve as much social mission as possible. A surging movement is underway that advocates the double bottom line (profits + social impact) or the triple bottom line (profits + social impact + positive environmental impact) among for-profit ventures. The emerging paradigm for social ventures, be they nonprofit, for-profit, or hybrid, is that they will strive to expand.