Renjie Butalid

I found the video above of a recent lecture given by Antony Bugg-Levine of the Rockefeller Foundation, when he came to visit MaRS in Toronto back in early April, to be one of the most insightful and compelling talks on impact investing and social finance that I have come across.

If you are currently working in the private capital investment sector or perhaps with a non-profit or charity organization, interested in social enterprise and sustainable revenue generating models, I would highly encourage you to take some time out of your day to watch this video. It may change your perspective on the traditional view of only using the for-profit model to make money, while only using the charity and non-profit model to address social problems.

In this day and age, where the problems we are facing are accelerating at a pace and complexity never before seen in history, it is evident that we require new approaches and tools that will enable us to tackle these problems at their scale and level of complexity. In the coming decades, experts have noted that we will begin to see rapid systemic changes on many levels, from the weakening of national public institutions, widening gaps between rich and poor, increasing scarcity of energy, and worsening damage of our environment as a result of climate change.

With this in mind, how are we to tackle many of these emerging globally complex problems, given the traditional models of charitable giving and our reliance on government to solve these issues for us?

The simple answer is that we cannot, given the current tools that we have at our disposal.

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Paul Saltzman is a rather remarkable person, who gave a talk at TEDxWaterloo last February sharing his insight on life and describing his personal journey and magical encounter with The Beatles in India back in the late 1960’s.

This TEDxWaterloo Talk in particular, has emerged as one of my favourites from the one-day event that we organized and held at the Gig Music Hall in Kitchener last February 25.

Paul’s remarkable story of traveling to India on a whim and his chance encounter with the Beatles, was told in a very compelling manner that I find myself watching this particular talk over and over again even after the fact. I remember sitting in the audience at TEDxWaterloo and hanging on to his every word as he shared his insight on humility and the notion of not making yourself small, but understanding your size in the universe.

This life lesson was passed on to him by George Harrison of the Beatles, who was 24 years old and the same age as Paul at the time, who put things into perspective by saying

“We’re the Beatles after all aren’t we? We have all the money you could ever dream of, we have all the fame you could ever wish for, but it isn’t love, it isn’t health, it isn’t peace inside.”

At the end of the day, Paul concluded that John Lennon, Paul McCartney, George Harrison and Ringo Starr were ordinary people just like him, who were leading very extraordinary lives.

Paul mentioned the word ‘magic’ several times throughout his presentation, defining magic as ‘that which is real, but as yet we do not understand’. This term was set within the context of ‘magical’ coincidences and opportunities that he has had in his life, simply by virtue of paying attention to the broader universe and what it was telling and compelling him to do, even if he did not quite fully understand it at the time.

Perhaps this is one of the major reasons why Paul’s talk at TEDxWaterloo speaks very loudly to me at this point in my life. There are times where I do feel that I don’t know where I am going, but I get the sense and the occasional reassurance that I am on my way there.

Exciting times ahead.

I attended a talk given by Tal Dehtiar of Oliberté last week on Thursday, hosted by Capacity Waterloo Region as part of their Change Agent Series. Oliberté is the first company in the world to market premium urban-casual footwear that is exclusively made in Africa, from the natural rubber found in Liberia and leather from Ethiopia, to local workers manufacturing shoes in factories built to ISO 14000 (environmental management) standards, where workers are paid a fair wage and no child labor is used.

Tal is certainly an accomplished individual, having founded MBA’s WIthout Borders (MWB) several years ago prior to Oliberté, which he then eventually sold (the rights) to CDC Development Solutions.

From my perspective, it seems that a lot of his motivation comes from seeing business as the biggest change agent in the world. Perhaps this point of view was shaped by his family history and struggles as new immigrants to Canada a couple of decades ago, a story which he shared with the audience. Similar to many familiar new-immigrant stories that you hear today, Tal’s parents were highly educated back in their home country, but either due to a lack of English-speaking skills or education credentials not being recognized here, they had to make do with whatever job was necessary in order to survive. And similar in outcome to many immigrant stories, Tal’s parents ended up starting their own business, becoming successful in turning a profit, while in the process, employing hundreds of people to work for them.

With this in mind, Tal views his for-profit company Oliberté, as a social venture or social enterprise. And he does so because at the end of the day, he believes that he is charting a much more sustainable way of life for people living in countries like Ethiopia and Liberia, by providing them with a stable means of employment and fair income. Tal has also heard many local people say that they do not need any more direct aid or charity (in the traditional sense of the word) in Africa. What they do need are jobs in order to provide for their families themselves, with sustained economic growth and investment in order to build a middle-class in Africa, which currently does not exist. This is something that Dambisa Moyo argues in her book, Dead Aid: Why Aid Is Not Working and How There Is A Better Way For Africa.

That being said, Tal made the point that although Oliberté is a social enterprise, it is a footwear company first, competing with the likes of Lacoste, Roots, Nike, etc., in the premium footwear market in terms of price point and quality of the product. They are not necessarily focusing on selling the ’social good’ aspect of the company, although it does provide a great backstory to the company, and I completely agree with this approach.

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Jennifer King (of Capacity Waterloo Region) and I, joined local community animators Hilary Abel and Brock Hart last Sunday, March 14 to record Episode 2 of The 100 podcast.

The 100 is a podcast on local events, politics, cafes, food, technology, arts, the music scene and a whole lot more, in and around the Region of Waterloo.

Jennifer and I were invited to discuss our views on social enterprise and social venture organizations.

Would love to get feedback and comments on our segment, especially when it comes to our perspective on social entrepreneurship and social innovation. Enjoy!

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