I always wondered why no one came up with something like this any sooner...
Everbody is always complaining about how our top managers earn millions by cutting costs and laying off workers in our countries, while opening cheaper plants in Asia, where labor is cheaper and environmental regulations less strict. Yet, at the same time, we take our savings and invest for the highest returns, regardless of the company or product behind our investments, thus reinforcing exactly what we complained about earlier...
To top it off, every year around Christmas, we donate a few hunderd bucks to ease our conscience, (thereby achieving -100 % of interest), and never finding out what good that donation ever did!
I love your project for the following reasons:
It sounds like a step in a new direction, where I can invest my money for a moderate interest rate, yet I know it is really making a difference in the world. And, I can take my christmas donation, which usually only goes to buying sacks of rice for the starving (relieving, but never healing), and invest that money as well. So on balance, I will end up with at least the same ROI and have done my part to making this world a better place.
My questions are, how do you plan on rating the social organisations? And, even more important, are you planning to mediate with consulting firms, so that you can provide the applying organisations (who generally have only a good product idea) with know-how about marketing, legal, business systems, etc. ? I'm asking because when I look around the entries on this website, there are a lot of great ideas, with totally unprofessional videos and no real business plans to back them up...
If you won this competition, the leverage would be amazing: the prize money for you, and the social stock market for every other applicant, at least if they qualify as "sustainable, feasible, profitable"!
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by Andy Orth