Archive for February, 2006

Notes from the TED conference

Monday, February 27th, 2006

I had the privilege of attending the TED conference, one of the more extraordinary gatherings of worldchangers. Acumen Fund is particularly honored to be associated with TED, given our support from the Sapling Foundation, which owns TED. The conference includes 1,000 individuals who come to Monterey, CA from around the world to listen to some of the most innovative and creative thinkers and doers in the fields of Technology, Entertainment and Design. The experience was thrilling, filled with insights and inspiration. You couldn’t leave without wanting to be smarter, do better, make more of a contribution on earth.

One thing that struck me was how TED increasingly is a reflection of a new wave of idealism that is cresting across the world. Speaker after speaker talked about their inventions and discoveries, their insights and plans with an eye to do something of real significance for the world. If there were commmon threads, they were around the importance of private sector initiatives and resources to solve tough problems of today’s world. No one is waiting anymore for governments to solve problems; individuals and companies are looking to pave the way themselves. There was great focus on the need for more innovation, for bottom-up thinking, for quick prototyping and for more listening around the world, even to - or mostly to - people we don’t know and those who think they hate us. Indeed, the quest for new technologies that clean water, clean the environment, allow for early detection of pandemics and bring energy to the poor was combined with a search for better understanding and more open and complex moral frameworks. This confluence of skills and technologies with moral imagination must be at the heart of the future we will create together.

As Sir Ken Robinson said, TED celebrates the gift of the imagination. This conference pushed all of us to think harder to make a better world for everyone. I was proud to be part of it.

Making gender inequity an issue at Davos

Friday, February 24th, 2006

Our friend Roshaneh Zafar, who runs the microfinance organization Kashf in Pakistan (one of Acumen Fund’s investees), was a participant in the recent World Economic Forum at Davos. She attempted to raise issues of gender inequity in the Muslim world at that event, and she writes about those efforts in this week’s The Friday Times, a Pakistani independent weekly. Access to the article online is by subscription only, so we’ve included the text of the article here.

First impressions of Africa

Tuesday, February 21st, 2006

Africa - Healthstore.jpgI’ve just returned from my first trip to Africa to visit Acumen Fund’s investments in South Africa, Kenya and Tanzania. One of the most striking things is that within 24 hours (5 airline meals, 4 movies and 3 hours of sleep) I went from sitting in the living room of a woman with AIDS in a poor semi-rural community in tropical Africa to picking up my daughter at elementary school, knee deep in snow, and somehow did not feel the culture shock I expected to feel. (Frankly, I felt much more culture shock readjusting to driving, and not having to lock my doors and worry about the carjackings of JoBurg). I suppose this is largely because the trip was extremely short or it may have to do with weak antennae on my part, but I actually think there might be two things: First, the kind of struggle and community support and perseverance I saw are not something so foreign to us in the U.S. I see the same kind of commitment, optimism and heartbreak in the U.S., particularly through involvement with urban community development corporations. Just add a few zeros to the per capita GDP and a decade or two to the life expectancy, and the circumstances, at their core, are not that dissimilar. (more…)

The continuing political challenge of tsunami recovery

Friday, February 17th, 2006

This article in The Guardian highlights the ongoing struggle to house Indonesian survivors of the tsunami. It’s a reminder that money is not enough. It is criminal that less than 250 of the 16,000 houses needed have been built in Aceh since the town was devastated by the tsunami. Political will is critical for things to get done. We need as much public outcry today as we saw public support when the crisis hit. We also need to find - and communicate - metrics on progress so that there is a chance for real and sustainable change.

What excites Pakistani graduate students?

Tuesday, February 14th, 2006

This past week I was in Lahore, Pakistan visiting LUMS, the country’s leading graduate business school. I had meetings with the superintendent and several professors before making a presentation to students on Acumen Fund’s work. Approximately 50 filled the auditorium, and no one left before the end of our 90-minute presentation and Q&A. I usually try to talk about why and how we do what we do, rather then talk about organizations. It was exciting to see how enthusiastic these 24- to 28-year-old Pakistanis were about the idea of investing in businesses whose customers are mostly poor. We fielded question after question about these resource-poor organizations and how Acumen Fund tries to help them: How do you keep the strategic plans simple? How capable are the managers, and how do you help them? How involved do you get in running companies? What do you do when there is a great idea but no leader? Are there good ideas in other countries that we should try in Pakistan?

What is most interesting to me personally is how similar these questions and conversations are with graduate students of the same age in the U.S., or those in India. They all get excited by how hard this work is and seem to really understand. Also, they seem interested in working with us because they are interested in the problems and our solutions, and are eager to do this in any country, not necessarily their own. The more ambitiously we set the goals, the better the reaction. It says a lot about this emerging generation of leaders.