Social Entrepreneur: Conscious Companies | Benefit Corporations | Impact Investing
About This Show
Social Entrepreneur is for aspiring and early-stage social entrepreneurs; and for those who want to make an impact on the world. Every Monday you hear interviews with social entrepreneurs, founders, investors and thought leaders. Listen to the stories that led them to become change makers. The guests give advice for early stage and aspiring social entrepreneurs. We always end each episode with a call to action. If you're ready to change the world, join us.
Most Recent Episode
169, Ned Tozun, d.light | Find Your Funding
< 1 day ago
Ned Tozun talks about how to find your funding as you start and grow your social enterprise. Social entrepreneurs take on intractable problems. To tackle global challenges, you’re going to need to find funding. One such massive problem is global energy poverty. According to the International Energy Agency, globally 1.2 billion people are without access to electricity. To light their homes, they often depend on kerosene, which is expensive, consuming precious resources from those who can least afford it. Kerosene fumes are hazardous to breathe. When families gain access to solar lights, their expenses go down, their health improves, and often children in the home study later into the night, improving education. d.light transforms how people use and pay for electricity. They make solar-powered products for people without access to electricity. Their work has impacted 71 million people worldwide. Earlier this year, d.light raised $40 million in funding. They raised $20 million in equity, $10 million in debt and $10 million in grant funding. d.light co-founder Ned Tozun took the time in this interview to break down the funding process. Ned has always had a wide variety of interests. While he was seeking his undergraduate degree, he switched degree tracks six times, ending up with a dual degree in computer science and earth systems. While he was in college, he started a few small companies. He found that he was well-suited for entrepreneurship. “I found my jack-of-all-trades nature was well-suited for it,” he told me. After college, he co-founded a couple of companies. And, because he is interested in so many things, he also found time to volunteer. He traveled to Africa and worked with people with HIV/AIDS. “I was really interested in the way technology can make a transformative impact for people’s lives, and where business can be a vehicle for disseminating that kind of technology.” His interest in the intersection between technology, business and impact compelled him to return to Stanford for his MBA. Because of his interest in social entrepreneurship, Ned attempted to signed up for the Design for Extreme Affordability course, but the course was full. Design for Extreme Affordability is a project-based course where students work in teams, using design thinking methods, to develop products and services that serve the needs of the world's poor. Unfortunately, the course was full. Not to b
Rated 5 out of
Exactly what I need
As a budding entrepreneur, I'm always looking for resources. Really glad I found this podcast. It feels mission driven. It's relatable. The guests are great.
Date published: 2016-08-12