Several great stories today, I have added one modest comment to the second but really they all stand on their own merits without additional remarks…
Meanwhile, we have been approached by some programmes through this newsletter and our advisory arm (DV Advisors) so we hope to bring more news of interesting deals coming up in the near future. Please do not hesitate to let us know if there is something you would like to see covered in this newsletter or indeed what kinds of deals you are looking to support / invest in.
Happy Reading and enjoy your weekend, here is today’s SIB News:
Coming To America: SIBs Finally Make Headway
Ucilia Wang – The Guardian
Just over three years ago, a novel approach to use private dollars to improve public social programs and save taxpayer money in the United Kingdom prompted this question:
Could the same model work in the United States?
What Can Venture Capitalists Do For Recently Released Prisoners?
National Journal
On Fridays, people recently released from prison head to Center for Employment Opportunities in New York City for an orientation session. It’s the start of a year-long relationship in which they work on a transitional work crew, learn how to search for a job with a criminal conviction, and figure out how to hold down steady employment.
PLY: Poor use of specialist vocabulary imho. VCs ought to be nowhere near SIBs, they are a bond market and I still think SIBs will succeed by finding decent returns which encourage CSR in the first phases by allowing a recycling of donations that provide a return as opposed to outsize returns per se otherwise we will end up with a junk bond phenomenon which is not going to help the SIB movement reach its potential.
EPIP/Public Allies Webinar: SIBs 101
Emily Kessler – EPIP
Together with Public Allies, EPIP hosted a webinar introducing SIBs as a new funding trend.
Led by Robert Esposito and Shawn Pelsinger, NYU Law and Social Enterprise Fellows, this webinar covered topics related to social impact bonds, specifically how they are changing the future of funding, philanthropy and social change.
Invest For Impact
Ruchi Gupta – Business Day
It is widely believed that Jed Emerson in the 1990s, advocated the “blended value” approach for business, whereby, he stated that the aim of a business should not be merely to maximize financial returns but also to invest in causes founded on social and environmental causes. However, the term “Impact Investment” emerged around the year 2007, and it is defined as an approach to increase non tangible investments along with other forms of financial investments.