While Gladstone sees the move as a way to tap
into venture philanthropy to advance projects too risky for pharmas and too early for VCs, other academic organizations see more problems than solutions in taking the for - profit route.
Not exact matches
For over 15 years, Kirsch has quietly built New Profit
into one of the nation's top
venture philanthropy firms.
From the start, attempts to turn
philanthropy into social investing and to apply principles of
venture capital to grantmaking have run
into a single enormous obstacle: the absence of performance metrics that would allow one to determine anything remotely close to «social return on investment.»
An illustration of what happens when some successful business leaders
venture into philanthropy.
The US Department of Education, which in recent years has hired
into leadership positions a number of people from
venture philanthropy organizations, has also actively promoted, and in some cases, funded these programs.