INSIGHTS FOR IMPACT

Social enterprise articles

Westaway Review leads the discourse on best practices for social entrepreneurship. Find the insights you need to change the world.

Previously in Mattermark,  a Beginner’s Guide to VC was published. What was neglected was a dictionary of jargon that insiders love to bandy about in Sand Hill Road offices.

Of course, this dictionary is not a complete representative of all the words and phrases found in legal clauses, obscure securities laws, and terms of art. But we hope this resource serves as a springboard for founders, aspiring investors, journalists, and the merely curious to learn more.

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NOBL is Finally Becoming Worker Owned and Controlled

Two years ago, I started NOBL as its sole owner. This month, I am giving all of our full-time employees a piece of the business and greater overall autonomy. In five years, I want to own no more than 10% of my own company. This post is meant to explain my why, illustrate our how, and help you give away your company, too.

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August 2, 2016

Converting To A B Corp

If you have an existing company, you can elect to become a benefit corporation by amending your governing documents. In most states, amendment requires a 66% super-majority vote of all shareholders. This high threshold of approval is an important element of the B Corp structure.

Converting from a traditional corporation or LLC to a B Corp changes the goals of the company and thereby alters the relationship between the shareholders and the social entrepreneur. Under a B Corp, the mandate of the company shifts from a narrow focus on pure profit maximization to a broader focus of creating a positive impact on people and planet while still making a profit.

At times the pursuit of a social / environmental impact can have a negative impact on profitability, which can create tension between the shareholder and social entrepreneur. Under a traditional corporation, the investor has the right to sue the entrepreneur if her decisions to create a social / environmental impact has a negative financial impact. (more…)

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Manifesto

We see the world as it could be. We resolve to make change happen. Not content to wait for better times, we strive to lay foundations now. We know that a brighter future is built by the adventurers, people like you and me, who are on the ground charting new territory, motivated by passion and obsessed with execution.

We believe in the power of the marketplace to create positive social and environmental change. We believe the world’s most complex challenges have financially sustainable solutions. We believe the people who design these solutions are driven by long-term prosperity, not only financial but also social and environmental.

We are in this together.