Acumen Blog

Ringing the NASDAQ bell from India

Infosys is celebrating its 25th anniversary – a long journey from their beginnings with 250 dollars and a single room. To mark the occasion, they rang the NASDAQ opening bell on Monday, becoming the first company to do so from India. As Infosys CEO – and Acumen Fund partner – Nandan Nilekani says, “This event is yet another example of how the world is becoming flat.” [Read More]

Celebrating success, collectively

Check out this piece on Venture Philanthropy Partners that highlights six years of hard earned successes in building local community institutions in Washington, DC using a venture capital-like approach. Mario Morino is a friend of Acumen Fund and an extraordinary leader. I share the article with you because it captures so many lessons that are relevant to building and scaling nonprofit institutions. I share Mario’s letter to his community because it reflects the kind of leader that he is – one who moves from a place of humility and inclusion and is always asking questions rather than believing he has all the answers. We need more leaders like him at all levels of society. Our hat is off to Mario and his entire team and there is much to learn from the work of VPP. [Read More]

Voices from the slums

As the Housing Portfolio manager, I am constantly excited to see the entrepreneurialism of residents of slums, who are taking initiative to improve their own lives. A case in point was the striking presence of residents of slums themselves at this year’s World Urban Forum III, sharing their success stories in their own voices. The power of their attendance was notable – whereas the discussion rooms were often full, they were more than overflowing for those panels on the plight of the residents of slums and their new ideas for change. [Read More]

Risk-sharing for water initiatives in Africa

This past May, two members of the Water Portfolio Team visited Kenya, Uganda and South Africa, to explore investment opportunities and learn more about the major water challenges. During the trip, we gained important insights into the context for water and sanitation issues. On the one hand, in the face of significant unmet need, we constantly saw potential for entrepreneurial models. On the other, due to significant dependence on donor funds and systemic challenges such as corruption and lack of infrastructure, we witnessed major hurdles that could easily limit investment opportunities. Through a series of meetings with a cross-section of entrepreneurs, banks, not-for-profits or NGOs, foundations, donor organizations and community-based organizations (CBOs), it became increasingly clear that creative partnerships – between the private, public and citizen sectors – present the richest opportunities to support the growth of sustainable water systems. [Read More]