BostonHerald.com - Women's Business: Vanessa Kirsch brings new profit to social innovation

BostonHerald.com - Women's Business: Vanessa Kirsch brings new profit to social innovation: "By the time Vanessa Kirsch began her first job out of college with the Dukakis presidential campaign, she was already a seasoned activist. What she was not was a licensed driver. So she got her learner’s permit, jumped in the car with her dad and learned to drive on the way from Cambridge to Iowa.
She is tenacious, Kirsch admits. “I just go for it and there’s no hurdle too big.”
The president and founder of New Profit today, Kirsch isn’t facing hurdles so much anymore as she is forging a new concept in philanthropy — venture capital for social entrepreneurs.


With one $25 million fund of 55 investors that’s financed 14 nonprofits out to make substantial change, New Profit is now seeking a second, $30 million fund to further its seven-year tradition of jumpstarting growth and achieving deep impact. "

Tags: nonprofit venture capital, social entreprenuerism