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L3C visionaries share their thoughts...

June 13th, 2010 1:57pm - Posted By: Rick Zwetsch

The following is an excerpt from Who is the L3C Entrepreneur? The pioneers of social enterprise’s revolutionary new suffix. Available for download at: www.interSectorL3C.com/white_paper.html

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Many L3C entrepreneurs have an idealist vision for what the L3C can ultimately be, if these challenges and hurdles can be addressed. First and foremost, they want to see the nonprofit and for-profit worlds continue to converge. For some, that means they want the L3C to essentially become a “fourth sector”—to follow in the path of the public sector (government), the private sector (business) and the nonprofit sector (sometimes called the third sector). For others, they see the L3C as somehow servin ...

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It's safe to come into the L3C water...

June 10th, 2010 11:52am - Posted By: Rick Zwetsch

L3C entrepreneurs also hope for more education and especially more leadership from leading foundations to expand education about L3Cs. Several said that, ultimately, they think foundation support or lack thereof will either make or break the L3C. Some mentioned that if the biggest foundations in the country—the ones truly viewed as “thought leaders”—came out in favor of the L3C, the tide would surely shift behind it. In late 2009, the Bill & Melinda Gates Foundation announced that it would be placing more emphasis on PRI investments in the coming years. By extension, many think this indicates opening a door to L3Cs, but no major foundation has made a truly public and overt endorsement of the L3C model so far:

 

The foundations need to get behind it. It’s up to the foundations to find great projects and start to think differently a little bit. I think that is where the L3C will ei ...

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What's next for the L3C?

June 9th, 2010 10:43am - Posted By: Rick Zwetsch

The following is an excerpt from Who is the L3C Entrepreneur? The pioneers of social enterprise’s revolutionary new suffix. Available for download at: www.interSectorL3C.com/white_paper.html

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What’s Next?

Many L3C entrepreneurs feel that any legislation or attention directed toward the L3C is a major accomplishment. They are proud of the momentum that has been increasing in the past year and are hopeful that it will continue to build. As legislation continues to come together in various states and the spotlight shines brighter on the L3C, the more optimistic their outlook. That said, most of these entrepreneurs also see somekey, tangible steps that need to be taken in the next couple of yearsto make the m ...

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Ashoka's CYC to Change Your Nonprofit?

June 8th, 2010 9:11am - Posted By: Caryn Capriccioso

 Applying the CYC Principles for Impact at Your Organization
 

Ashoka’s Change Your City Denver is rolling into my own backyard and it got me thinking...what if nonprofits applied the CYC principles to move the needle on a specific challenge or opportunity within their own organization?   More specifically, what if you spearheaded a concerted effort at your nonprofit that focused on one issue for a set period of time? Could you make a difference—an impact—if ...

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Posted in: Innovation, Nonprofit

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The L3C is so revolutionary and potentially so threatening...

June 3rd, 2010 11:37am - Posted By: Rick Zwetsch

The prevalence of misinformation is another area of concern for L3C entrepreneurs. They worry that there is a lot of room for falsifying information on the Internet (whether intentional or not), which makes it hard to validate what is true and false—a big concern for such a new and sometimes misunderstood movement. While many note that recent articles in the Nonprofit Times and at www.fastcompany.com and www.entrepreneur.com have helped clarify information in the business press, and that L3C founder Robert Lang’s website Americans for Community Development (www.americansforcommunitydevelopment.org) is a good resource, they still worry that the wrong information is too prevalent in other locations on the Web:

 

With the advent of instantaneous information, it&rsquo ...

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Concerns: Yes there are many

June 2nd, 2010 12:26pm - Posted By: Rick Zwetsch

The following is an excerpt from Who is the L3C Entrepreneur? The pioneers of social enterprise’s revolutionary new suffix. Available for download at: www.interSectorL3C.com/white_paper.html

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Concerns: Yes, There Are Many

While their passion as L3C entrepreneurs is palpable and infectious,there are definitely several common concerns that consistently wove through our conversations. These concerns are based more on the big-picture surrounding the L3C structure and concept as a whole; specific concerns over next steps will be addressed in the next section. Some of those big-picture concerns included:

Wanting clear metrics to define the social purpose of an L3C Wanting to better define ...

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