Startups Anonymous Est. 2013 · Read-only archive
Stories

Advice for being a Social Entrepreneur? DON’T DO IT!

You got your 501c3 status but nobody is giving you money for your awesome idea, so you decide to strike out and burn your life savings to save the world. The world’s first Ag. Market Input Voucher! The world’s first Open Nonprofit! Get ready for you Ted talk buddy, as one of the few rats that hasn’t fled the sinking ship of West Africa, it’s gonna be easy street from here on out….. But first.

We need money! Let’s see what Mr. and Mrs. Not Giving You Money Foundation (MNGMF) has to say.

Hmmmm…. MNGMF send all their money the greater Boston Burrow Bay Area.

How about….. MNGMF is giving to Africa, but wait, they only give to Kenya or Rwanda. While on their Safari they found the indomitable spirit of indigenous people glorious and want to ‘give back’ to the ‘locals’.

So that leaves….. MNGMF does not accept unsolicited proposals. No, really. That includes walk-ins  so get the [expletive] out.

The few that remain…..  All give to the same organization run by Mr. Well connected Stanford/Harvard/Columbia. Stanford tried something similar and is having trouble and you, Sir/Madam and not a Stanford.

Well that was sad! It’s time to use your epic operational abilities to create the best fundraising organization EVER.

Canvassing breaks even and that’s for big organizations who have gained legitimacy by never conducting a public randomized control trial.  Moving to the dark side won’t work; telemarketing barely brakes even too.

Government? You will have to FOIA those jerks just to find out they turned you down. Plus there is a little something called ‘cost sharing’ and since you are now broke and not getting new money cost share you cannot do.

Grasping for straws you try to contract out, getting taken to the cleaners on Odesk.

Just maybe those research proposals you applied for will come through. Until then get ready to give you remaining assets to a smarter not too awful nonprofit that works in country. As you drift towards disincorporation and move back home to Mom’s you should probably get a temp job about now.

But look on the bright side! It takes decades for a careerist who works in international development to completely despise their field. It only took you a year! 🙂

6 answers from the community

AAnonymous· Oct 16, 2014

ok

AAnonymous· Oct 16, 2014

Maybe instead of creating a non-profit organization, you could join one that already exists. If the goal is to help people and not make money or inflate one's ego then that would be the correct path to take.

AAnonymous· Oct 17, 2014

I don't like the term 'social entrepreneur' Any entrepreneur who is pursuing a social mission of any kind is a social entrepreneur.

The only advice that I'd give anyone who is looking to become an entrepreneur is to be sure to pursue a dream that benefits society.

AAnonymous· Oct 17, 2014

So true - I've had exactly the same experience, though I kept at it for 7 years and managed to have quantified results that beat anything else by an order of magnitude. The philanthropic industry is just a way for the rich to give their less cutthroat kids something to do that isn't embarrassing.

AAnonymous· Oct 20, 2014

You could be more ineffective and equally dissipate yourself working on AGW. Grants for AGWSE are still available.

AAnonymous· Oct 21, 2014

Sorry but you did it wrong. You should build a corp with a product who through sales helps society. I.e like this company - https://www.soapboxsoaps.com or http://www.razoo.com then if you wanted, form a 501c3 where then the profits are transferred as tax detuctable donations with a doner match system (through the non profit) maximizing your total effectiveness.