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Cheryl Dorsey is the President of Echoing Green, a leading global nonprofit which “invests in and supports outstanding emerging social entrepreneurs to launch new organizations that deliver bold, high-impact solutions.” Since its inception in 1987, Echoing Green has awarded more than $27 million in start-up capital to over 450 social entrepreneurs. Unlike typical venture capital firms, they are authentic collaborators in the process of effecting social change:
We consider ourselves active investors-not just providing funding, but also helping our social entrepreneurs achieve their maximum potential through a range of support services, including training, networking opportunities, consulting, and championing. Similarly, we view our fellows as investment partners, with whom we collaborate as they build and grow their organizations and with whom we hope to have a long-term relationship.
Cheryl became President of Echoing Green in May 2002, ten years after being awarded the Echoing Green fellowship herself for “Family Van,” a community-based mobile health unit for at-risk residents of inner-city Boston neighborhoods.
ThinkChange India’s Prerna Srivastava and Shital Shah spoke with Cheryl about Echoing Green’s path-breaking work, and solicited her insights regarding the future of the social entrepreneurship sector. Special thanks to Shalena Broadnax for her unflagging spirit during the process of arranging this interview.
We were struck by Cheryl’s groundedness and passion for this field. Overall, Cheryl emphasized the importance of being embedded in the local community, sticking by one’s core values, the “human capital” side of the equation, and the ability of anyone to get involved in social change even if they are not an entrepreneur.
The full interview follows below.
The following questions were discussed over the phone. The answers are not verbatim.
ThinkChange India (TCI): Can you start by briefly describing the work of Echoing Green, including its history since inception? How has the organization evolved since 1992?
Cheryl Dorsey (CD): Echoing Green was started in 1987 by the founding members of a private equity firm, General Atlantic, LLC. The idea was to bring meaningful venture capital principles from the private sector to philanthropy. They provided wraparound technical support services to give the organization the best chance of success and be on the cutting edge of social entrepreneurship for positive social change. The organization started as a private foundation with secure revenue from many sources, but has since evolved into becoming a public charity. Now, Echoing Green is a social venture fund. Continue reading