Endeavor Global Board member Matt Bannick (Omidyar Network) has just published an insightful post on the Harvard Business Review blog about the most effective ways that philanthropists can support innovative entrepreneurs. Click here to read and comment on the post.
Investments in for-profit ventures benefit society by leveraging the power of markets. When the primary motive is to generate profits, businesses will strive to deliver value in excess of costs and scale up. And, as Pierre Omidyar experienced first-hand, successful for-profit ventures can create substantial customer value, jobs, and economic activity.