On the venture side of the house we apply our operational knowledge and skills incubating business and revenue models we think have potential to catalyze change.
We do not manage a captive equity fund, but instead work with "committed capital" from select private investors on a transaction by transaction basis as hands-on, owner-operators with the goal of maximizing invested capital and social impact.
We are stepping into the home care arena by launching Hermes Homecare in conjunction with Iyanna Parler, an African-American entrepreneur.
Why the home care space? Well, to be blunt, it is broken. Families struggle to get good, consistent, qualified caregivers. Agencies are expensive and more concerned with meeting "minimums". Caregivers are underpaid and often not “matched” with their clients. All of these circumstances create a revolving door for those needing care.
Leveraging Social Impact Ventures operating experience and Iyanna's ten years of experience, we are embarking on a mission to change the home care experience so that it is :
- Simple - An easy way to hire excellent, consistent, reliable, qualified caregivers.
- Safe - All of our caregivers undergo a background check and are personally vetted by me and my team.
- Flexible - Care needed on your schedule with no contracts or minimums.
- Pays a living wage - We pay at least $15 per hour to our caregivers because we value the care they provide to our loved ones.
Social Impact Ventures crowdfunding platform brings together social entrepreneurs, impact investors, foundations and socially minded individuals to solve today's pressing social issues using a combination of crowdfunding, prize-based contests and challenges and consulting. Our overarching goal is to further enable the social enterprise ecosystem to catalyze change.