23 Oct '12, 11pm

Should venture capital money for social ventures come with a warning on potential for loss of control & mission drift?

Should venture capital money for social ventures come with a warning on potential for loss of control & mission drift?

The entire story of what happened here is worth a detailed examination, but a number of issues jump out from the limited news coverage and the almost unlimited social media commentary so far. There has been some debate about Salsa operating as a company with a board of directors as opposed to simply being owned and run by its private owners. Is the problem, as some have suggested, a board that might disagree with the owners/founders on some points, or is the problem one of venture capital sources inserting themselves into the fiduciary and organizational management structure of the organization as a consequence of their capital? Lundberg and Pederson accepted a $5 million venture capital investment from Edison Ventures in 2011. According to Pederson’s account of what happened, the venture capital interests on the Salsa board forced Pederson out. Pederson calls the venture ...

Full article: http://www.nonprofitquarterly.org/governancevoice/21221-w...

Tweets

Life ambitions? Creating space for social enterprise in Singapore

Life ambitions? Creating space for social enter...

"What do you want to be when you grow up?" That is probably the most common question I would get from any family member, f...

Facebook's 3Q Earnings: How To Make Money With ...

sfluxe.com 23 Oct '12, 12pm

Now that Facebook (Nasdaq: FB), the No. 1 social networking site, has unofficially announced its membership exceeds a bill...

Indonesia-Singapore to hold joint tourist venture

thejakartapost.com 24 Oct '12, 2pm

Indonesia-Singapore to hold joint tourist venture Slamet Susanto, The Jakarta Post, Yogyakarta | National | Wed, October 2...