This past week I spent two days in Venice - my first visit to this legendary Italian city. I had been invited to speak at the European Venture Philanthropy Association (EVPA) that has the good sense to hold its annual meeting in Venice.
More important than just the money, however, is that private-sector foundations can afford to fund more high-risk, high-return research without the badgering and bickering that too often comes from Congress.
Similar to other modern economies, as Asian countries continue to modernize and grow, they face a serious challenge in how to manage the widening disparity between rich and poor. There is a lot of work to do to ensure that millions of people are not left behind.
Kim Kardashian must have hated it because the big news this week was the crowd funding of the return of Veronica Mars. In 4 hours 24 minutes 33,000 people set a Kickstarter record by pledging 2.1 million dollars to make a movie Warner Brothers was unwilling to fund itself.
Impact investing has developed out of traditional philanthropy in an effort to find solutions that allow investors to make profitable investments that can also address social and environmental challenges.