benmetz.org

September 18, 2009

SoCap recap

Filed under: life..., projects, social finance — benmetz @ 2:50 pm

Annapurna – the high point of SoCap!

The quote of SoCap09 for me was an amazing Indian social entrepreneur, Annapurna (I forget her last name) running a cloth weaving social enterprise and moving it to scale. When asked “how do you value your company” she simply replied “I value my company”. I’ll flesh out her full answer a little more… she said:

“I value my company.  The people who I work with value my company, their children and families value my company.

For me value is an emotional word, not a financial one.  For me equity is about equality.

I value my company.”

In my opinion Annapurna captured what was missing from SoCap and what the social capital markets should really be about – the redefining and recapturing of terms such as value, that have been perverted by commerce and finance, and their re-anchoring into real meaning….

Supply vs. demand?

Another observation from SoCap was the dominance of supply (of finance) side people and thinking.  While arguably this is what such events are about it is also clear that such an aggregation of folk without balancing representation from the demand side of the equation (for benefit organisations needing finance) can have negative consequences.  I think I just bore witness, once again, to the creation of a bunch of soon to be redundant architecture – this time a proliferation of systems for metrics, monitoring, evaluation, benchmarking etc…  Undoubtedly some will survive but the aggregate cost to the sector will be high and perhaps better spent doing deals, developing organisations?

Dont get me wrong, it’s great to have the supply side visionaries finally on side.  But those of us coming from the demand side have an obligation to keep these guys feet on the ground and their approaches in reality – with reality being a balance of immediate need (deals to be done) and aspiration (frameworks and global systems for the sector).

Connections and Vignettes…

At the end of the day the acid test for any conference or gathering of people is whether I’ve come away inspired and connected to my fellow attendees.  And in this respect SoCap wins out – in fine style.

I was inspired by people like David Green and his Solar World For All project, looking to radically reduce the costs of photovoltaics and revolutionise the PV supply chain.  I caught up with Ron Layton from Lightyears IP and found out he’s looking at up to a 17 fold increase in current activity levels over the next couple of years (astounding work – check out the website).  Over a conversation about China I met Wayne Silby, founding chair of Calvert, and exchanged crazy ideas…

Oh, and as a bonus I came away hugely better informed about the work I’m doing for the private equity firm I’ve mentioned before.

I met old friends and strengthened friendships.  I met new friends and began new friendships.  I laughed lots with inspiring people (jeffweee, awdweee!!!).  Oh and I ate a fair amount of fantastic food too!!!

Looking forward to SoCap10!

socap03

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