[p2p-research] The Role of Social Stock Exchanges

[Michel Bauwens]

Hi Ryan,

thanks for this, social exchanges seem an interesting funding mechanism,

is this something you could possibly report on?

Michel

On Wed, Dec 9, 2009 at 1:43 AM, Ryan <rlanham1963 at gmail.com> wrote:

>
>
>  Sent to you by Ryan via Google Reader:
>
>
>  The Role of Social Stock Exchanges<http://feedproxy.google.com/~r/TacticalPhilanthropy/~3/I99bpvTuxhY/the-role-of-social-stock-exchanges>
> via Tactical Philanthropy <http://tacticalphilanthropy.com/> by Sean
> Stannard-Stockton on 12/8/09
>
> This is a guest post from Alex Rossides, the founder of Growth
> Philanthropy Network <http://www.growthphilanthropy.org/>, the
> organization behind the Social Impact Exchange<http://www.socialimpactexchange.org/>.
> Alex’s post is a follow up to my post last week<http://tacticalphilanthropy.com/2009/12/social-impact-exchange>profiling the Exchange and my
> post yesterday<http://tacticalphilanthropy.com/2009/12/philanthropy-in-2033>envisioning the future of social stock exchanges in the year 2033.
>
> By Alex Rossides
>
> Thanks to Sean for envisioning the future of social stock exchanges and for
> his recent write-up regarding the Social Impact Exchange as an early form of
> such exchanges, developed in partnership with Duke University and Robert
> Wood Johnson Foundation.
>
> Sean helped clarify a key difference between for-profit stock exchanges and
> social exchanges – in the social sector there is no price per share and
> stock is not exchanging hands. But, the broader analogy holds of an exchange
> that matches buyers and sellers i.e. investor and nonprofit organizations
> with an explicit promise of standards and transparency.
>
> Exchanges in the for profit sector are the focal points for capital
> marketplaces. One primary function of stock exchanges is to enable the
> efficient flow of capital to growing companies so they can finance their
> economic activity. The social sector does not currently have exchanges to
> enable a more efficient transfer of capital to scaling nonprofits to finance
> their social initiatives.
>
> As Sean pointed out, the member-driven Social Impact Exchange is designed
> in part to help play this role in the area of *growth capital*. It has a
> number of collaborative funding venues to connect high-impact, growing
> nonprofits to funders, based on transparent investor information, such as
> its online investment platform, National Investment Fair and Business Plan
> Competition to be held at its June 2010 Conference.
>
> The Exchange is designed however to facilitate the exchange of more than
> just dollars. Its two other equally important goals are to (1) serve as a
> learning community and forum to develop and share knowledge on scaling, and
> (2) serve as a common ground where members can help build the field of
> scaling together. The focus on more than capital is an example of how the
> unique qualities of the social sector may help create social stock exchanges
> in the future that differ from their brethren in the for-profit sector in
> ways that could be better suited to the goals of social progress.
>
> In the social sector, exchanges can be built with a focus on collaboration
> and networks that compound our learning, magnify our financing and
> accelerate the development of marketplaces that drive social progress.
> Exchanges can become true community resources, that provide opportunities to
> jointly build necessary field infrastructure and enable organizations across
> the sector to work together to solve our toughest social problems. They can
> combine the *action* oriented transactional nature of exchanges, with
> joint *knowledge and infrastructure building* to create social sector
> marketplaces.
>
> The Social Impact Exchange is an early attempt to do just that. Its
> structure consists of *working groups* where members can work together on
> important field initiatives such as developing investment standards for
> scaling organizations, supporting the work of growth intermediaries,
> identifying models that work in different issues, sharing knowledge, and
> creating new products and distribution channels for scaling which the field
> can leverage. It is designed to be a cross-sector initiative so that we *all
> have a hand* in creating a more effective marketplace for financing
> positive social change.
>
> Social stock exchanges, whether they are local, national, international or
> issue based, hold the great promise of combining collaborative, mission
> driven activities with marketplace structures to enable philanthropic
> capital to flow towards its greatest good. By 2033 let us hope that
> philanthropic capital distribution will be more results driven, based upon
> quality due diligence and business planning, better financial reporting,
> greater transparency, shared standards and enhanced accountability.
>
> But, by 2033 social stock exchanges could also be nexus points for
> marketplaces where large numbers of funders aggregate to find high-quality
> organizations that they collaboratively fund in amounts large enough for
> nonprofits to execute multi-year strategies. They could be environments
> where business models of capital and information intermediaries thrive
> because they can more effectively broker capital rounds and information
> services, and where nonprofits that qualify can finally attract capital
> efficiently in one place based on the impact of their work.
>
> To get there will be hard work and slower than we’d all like, but by
> working together we have an opportunity to realize a vision that enables us
> to make progress on our most difficult social problems and hopefully improve
> the lives of millions of individuals.
>
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