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Investor Gathering 2008: Tip of the Iceberg

Yesterday, Acumen Fund hosted its annual Investor Gathering at the Rubin Museum of Art. More than 125 partners and advisors gathered to get the inside scoop on Acumen’s operations over the past year and our goals for 2009. Personally, the Investor Gathering prompted more than a little deja vu.

While I joined Acumen Fund’s staff only 8 months back, this was not my first Investor Gathering. Last year, while a staff member at the World Resources Institute, I had the opportunity to attend both the IG and Acumen’s Celebration. So much has changed since – personally, professionally, and in the world at large – that it’s hard to believe the 2007 Investor Gathering was only a year ago.

So – back to my deja vu. I spent a few minutes today looking at my notes from last year’s gathering – which I wrote about on NextBillion.net. Katherine Fulton spoke of “Acumen’s Moment”; Jacqueline, Brian, Yasmina and others told us how the vision of capital, knowledge and talent were being put into practice; the 2008 Fellows blew away the crowd with their inspiring spoken-word performance.

A year later, I sat in on similar presentations, but this time, from an insider’s perspective. While it was different, much was the same. We heard how Acumen Fund’s strategy of investing in entrepreneurs to solve the problems of poverty is working (and not). We heard how the portfolios are expanding and changing, and we heard how geopolitical realities – post-election riots in Kenya, economic crisis in Pakistan, financial meltdowns in the United States – impact Acumen Fund’s current and future plans.

I have 7+ pages of notes from the Investor Gathering, which I will turn into a series of blog posts as soon as I’m able. Yes, it’s a bit of a cop-out, but I have an excuse: tomorrow, the entire Acumen Fund team – colleagues from Pakistan, India, Kenya and New York – will begin a 2-day, off-site staff retreat to continue building strategies that will bring critical goods and services to the poor while enhancing the dignity and human spirit of every human being. No blogging allowed.

Stay tuned – this is only the tip of the iceberg.

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Robert (Bob) Collymore of Safaricom Limited Joins Acumen’s Board Of Directors

Acumen announced today that Bob Collymore, CEO of Safaricom Limited, will join its Board of Directors. Collymore, who has been at the helm of the Kenyan communications company since 2010, previously sat on the Advisory Council of the nonprofit social venture fund founded by Jacqueline Novogratz. He has more than 30 years in the telecommunications sector working in Africa as well as Asia and Europe. [Read More]