My how time flies! It has been six months since my last “official” post announcing our new business model. Well, we successfully launched our crowdfunding platform and inaugural campaign. However, our second campaign was less than successful. Upon reflection, we realized that in using crowdfunding as a proxy to determine a venture’s worth we (Social Impact Ventures) need to play a more active role in the companies utilizing our platform and support them in campaign development and marketing. We mistakenly assumed that a company coming to us would be prepared in to do both. We are now preparing for our third campaign and already making sure to be more involved. Stay tuned for the campaign’s outcome.
From a revenue perspective, “the more things change, the more they stay the same.” Or, to be specific, interim consulting roles continue to be the primary revenue generator for Social Impact Ventures and the roles continue to inform and influence our future direction. Our current client is Oakland-based ICA Fund Good Jobs where we are working on several growth initiatives.
Last, but not least we have redesigned our website. Check it out, let me know what you think and of course send business our way!