attribution
Ten Key Ingredients for Collective Impact
Indy Johar
6410

I have also noticed that people — in the impact space or otherwise — accumulate different types of capital and in different ways. Looking at the portfolio of companies that Pique Fund has invested in, investments I’ve made personally, and observing other entrepreneurs — some are head down, building their businesses, focusing on their team, their community and the economic and social impact of their business activities. But they are not doing the pitching and speaking circuit. They prioritize and diligently focus what limited resources they have on the things that are important. They build financial capital — generate revenues, strive for break-even, being cash-flow positive, and building capital so that their company and they personal can invest in others. They build social capital — focusing on key relationships, appreciating that they cannot be a friend and mentor to all. Other people, on the other hand, apply to every award, are mentors in every program, and apply to speak at every event imaginable. They build social capital (from observation, I wonder if they build sufficient financial capital. In one example, I know the venture’s revenues are stunted. In another example, the venture is philanthropically funded and not economically sustainable in the long-run.) Some people seek attribution, for that is the capital they are building. Some people seek pay, because they have bills to pay. Some people seek value exchange, and that is more sustainable in the long-run.