Scaling Social Ventures
So, your company has been innovating and finally has significant traction with its customer base. Now you’re faced with a whole new set of challenges as you seek to scale and grow your venture and shift from innovating to scaling. From securing funding to balancing growing revenue with growing burn rate to hiring the right team, there are hundreds of problems for startups to balance in this exciting time. This is even more challenging for social ventures that face stigma around profitability and pressures around mission drift. Jeffrey Hollender, co-founder, CEO, and board chair of American Sustainable Business Council, and Vikas Raj, ’10BUS, managing director at Accion Venture Lab, discussed these challenges, as well as possible solutions to bring social ventures to scale.