In my LGST210 class today we went over different corporate social initiatives and gave them grades based on how effective we thought they were or what their cause was. One of the companies that really caught my attention was Tom's Shoes. They sell very simple shoes at an affordable price, but their real value proposition is that for every pair sold, they will donate a pair to a child in need. I thought this was very unique and interesting because the company is still for-profit. Yet I truly believe that the founder's intention from the beginning was to simply create a sustainable business that had a great cause. It was a bold $1M+ investment for the founder to make but I have to say it did work out and now the world is a better place for it. Though shoes may not necessarily be the cause everyone believes it the highest priority on the list - it's a great start. It really gets me thinking even more about what kind of things can I build that not only will be beneficial to myself but the world. What can I create that will be successful enough to sustain its good cause for a significant and meaningful amount of time in this world. I'll keep thinking. Meanwhile, let me know if you have any suggestions.
[caption id="attachment_42" align="aligncenter" width="544" caption="source: freerice.com"][/caption] Recently in my Corporate Ethics (LGST210) class, we have been talking a lot about impact investing - where you make investments that have the purpose of helping make the world a better place and makes no sacrifices in profitability. This got me thinking... is there something I can do? I first though about freerice.com - what a great idea! I remember EVERYONE I knew used it all the time. So I thought, maybe I can use my newly acquired skills to build something great for the world like freerice. Then by strike of fate my friend told me about Vitanna, which is apparently based in Seattle and helps the underprivileged pay for a university education. Hopefully they will be a company that will partner with me as I create a site that presents gradually more difficult math problems, and they can help contribute to paying for an engineering degree. Just some thoughts at this point. Let me know if you know of any micro-finance firms or charities that could be potential partners