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Marc Dangeard
Mill Valley, CA
Recent Activity
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Marc signed the petition | -
Marc signed the petition | -
Marc signed the petition | -
Marc commented on the article |Ruben, thank you for the good words about Entrepreneur Commons. You will be happy to read that we are promoting the model as much as possible, and our latest effort in this area is through Incubate 2.0, a conference organized by Entreco and other initiatives and sponsored by HP - www.incubate2.com. The conference is scheduled for November 17 & 18, 2010 at HP Executive Briefing Center in Cupertino (CA), and it will be a featured event of Global Entrepreneurship Week (organized by Kauffman foundation).
I hope that many people will join the discussion there.
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Marc commented on the article |
Glad to see that the blueprint proposed at Socap08 by Entrepreneur Commons (http://www.entreco.org) is being implemented by others. After growing our membership to several chapters around the world (Asia, Europe, Americas) Entreco is also working on adding the funding component to the mix and we should have some good update soon. This blueprint is clearly the way of the future for Social Entrepreneurs, and entrepreneurs in general.
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Marc commented on the article |As a reminder, Entrepreneur Commons (www.entreco.org) pushed the idea of a new model for Seed Funding as part of the contest for ideas to be submitted to the Obama admnistration, and finished 7th in the Social Entrepreneurship category. I agree with you that this year we are seeing many examples of similar models being launched, both on the for-profit and non-profit side. There is a need and it is still open on how to best fulfill this need. I am glad to say that Entrepreneur Commons remains an option for entrepreneurs. And because seed stage involves more than money, we recently launched the Entreco Academy, an online resource for entrepreneurs. More info here if you are interested: http://entrepreneurcommons.googlepages.com/entrepreneurcommons-participate2
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Marc commented on the article |It should be noted that not all Angel group charge entrepreneurs for pitching, many do not, or only charge for the price of the diner that entrepreneurs attend when they come do their pitching.
So the next good thing that an Open Angel Forum should do is work on the type of deals that they offer to entrepreneurs. Typically the Angel Capital Association pushes best pratices to Angel groups, and while the best practices that make sense for angels are very good for angels, they tend to turn these angel groups into mini dilletante VCs with term sheet that do not always make sense for Angels and for early stage ventures. I have seen very fancy term sheets being negotiated for a 200K round, where the cost of the deal itself is a huge portion of what the funds raised are. Not good. So the next thing that this Open Angel Forum should do is offer convertible notes to entrepreneurs, because this is what make sense for early stage. This is the direction that Entrepreneur Commons is taking as well, where we offer loans for early stage.
And then the trick is to make this whole process sustainable. Angels are usually spending a lot of time on deals, between due diligence and following up on the deals that were made. And while it may work at the individual level, it is often not a very efficient process as it is.
It will be interesting to see how this Open Angel Forum turns out...
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Marc commented on the article |Very good news indeed, having the government pick up on what works from the non-profit world is a great model. Better than expecting government employees to come up with ideas that could work on the ground, as they are often times disconnected from the real world.
One thing though about this program is that it is about pushing ideas that already are proven. Which means that while it is good to bring more sustainability into existing proven projects, it will not help social innovation at the initial "get the idea off the ground" stage.
And if you have tried to implement such an idea, you probably noticed that today nobody is willing to invest in the idea/prototype stage. So where are all these good ideas going to come from? How much help will this fund be to help foster social innovation? The question still remains as far as I can see.
So while this is good news, it only addresses only part of the problem...
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Marc signed the petition | -
Marc commented on the article |
Philanthropy is not enough to solve the problems of the world, and government is somewhat limited in their action too. Real change will come from people working together to make a difference, and the role of the government is to initiate the process, and provide the infrastructure to make it happen faster. But in the end we will all have to pitch in.
Social entrepreneurs today can show the way, and the heroes will be the ones who were able to start movements.
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