Hi Ben! Thanks for doing this. No worries if you can’t speak to this question, but I’d love to know a bit more about the rationale of running the founding to give program. From an external perspective, I noted that I was quite surprised/​ I couldn’t instantly see a link between charity entrepreneurship expertise, and the expertise required to start a for-profit business. What am I missing here? (I’m sure, a lot).
Hey Toby, yeah I’m not best-placed to answer this but a few quick thoughts: - I think the skills to build and run an excellent organisation transfer quite strongly across, though the day-to-day nature of the work and ‘product’ might differ substantially - This is a bit of an experiment! We think there could be incredible value to a program like this if we can make it work, but we’re not claiming 100% confidence that this will work as well as hoped - For a variety of reasons, the number of charities we can found a year currently has a clear cap: the founding to give program offers both an opportunity to scale AIM’s impact, and potentially to help reduce the cap on top charities we can incubate through additional mid-stage funding availability
Hi Ben! Thanks for doing this.
No worries if you can’t speak to this question, but I’d love to know a bit more about the rationale of running the founding to give program. From an external perspective, I noted that I was quite surprised/​ I couldn’t instantly see a link between charity entrepreneurship expertise, and the expertise required to start a for-profit business. What am I missing here? (I’m sure, a lot).
Hey Toby, yeah I’m not best-placed to answer this but a few quick thoughts:
- I think the skills to build and run an excellent organisation transfer quite strongly across, though the day-to-day nature of the work and ‘product’ might differ substantially
- This is a bit of an experiment! We think there could be incredible value to a program like this if we can make it work, but we’re not claiming 100% confidence that this will work as well as hoped
- For a variety of reasons, the number of charities we can found a year currently has a clear cap: the founding to give program offers both an opportunity to scale AIM’s impact, and potentially to help reduce the cap on top charities we can incubate through additional mid-stage funding availability