Archive for the ‘Talent’ Category

A Note from an Acumen Fund Volunteer

Monday, May 10th, 2010

Brittany Boroian is a volunteer for Acumen Fund based in New York. She is a recent graduate of Global College and will be a Class 12 Kiva Fellow in Africa starting July.

Dear Acumen Fund supporters and readers of this blog,

My name is Brittany Boroian, and I have been volunteering with Acumen Fund since January. Today is my final day of working with Acumen Fund, and I wanted to share with you some of the highlights of this amazing experience.

I first became passionate about Acumen Fund by reading The Blue Sweater , which is a phenomenal book on the life of Jacqueline Novogratz , founder and CEO of Acumen Fund. After working with various micro-finance institutions abroad, this was the perfect book for me to read on a new and compelling approach to tackle global poverty. I felt so connected to Jacqueline’s experiences in Africa and India, and believed that market-based solutions that focused on dignity and empowerment were much more effective that traditional aid-driven approaches. When I arrived at New York for my final semester at Global College, I joined Acumen Fund’s online community and reached out to Yasmina Zaidman , Director of Communications at Acumen Fund, for any way that I could help and learn more about the organization.

I came into Acumen Fund with a fear that since The Blue Sweater was such a passionate and enthusiastic book, that the organization wouldn’t be as idealistic as I had imagined. I had such an experience with a former organization I had worked with, and so I expected that Acumen Fund wouldn’t be as visionary or effective as they were portrayed. Fortunately, this was a completely wrong assumption on my part. My respect and awe for Acumen Fund continues to grow with each day, by the astonishing employees that work so hard to carry out Acumen Fund’s vision, by the volunteers who pop in and out of the office doing numerous and unimaginable feats (varying from working on Acumen Fund’s online database to planning Jacqueline Novogratz’s trip to Japan), and by learning more about Acumen Fund’s investments that really work. I also had the opportunity to become involved in New York for Acumen’s *spark! benefit, which was organized by an incredible group of volunteers who are all extremely dedicated to Acumen Fund’s mission. I felt very proud to be part of this exciting community of people who are all working together to make the world a better place.

I think that the peak of my respect for Acumen Fund occurred during a trip to the Global Health Unite for Sight conference at Yale in mid-April, which featured over 200 leaders on global health and social enterprise, including Jacqueline Novogratz as a keynote speaker. I came to the conference excited, and expecting to learn of 200 more organizations that were doing work just like Acumen Fund. I was wrong in this assumption. Nearly every speaker I listened to lectured the audience on the many problems in global health, and that their organization needed X amount of money to fix it (many without mentioning how they would fix it). But when Jacqueline Novogratz stepped up to the podium, her speech was about the solutions Acumen Fund has been working on to tackle global poverty. I think this is a fundamental difference between Acumen Fund and many other organizations, and I left the conference astounded that I could feel even more awe and respect for their methods to alleviate poverty.

While I leave Acumen Fund with a sense of sadness because my incredible volunteership has ended, I know that this is only the beginning. Microfinance was the spark that pushed me into the field of social entrepreneurship, but I’ve learnt at Acumen Fund that there are many other ways of addressing the problem of poverty. Acumen Fund’s approach of leveraging Patient Capital to combat global poverty is the fuel that feeds a now roaring fire within me. I know that wherever these next steps in my life will take me, I will always bring Acumen Fund along with me, whether it’s preaching stories from The Blue Sweater to whoever will listen, remaining actively engaged on their incredible online community, or being a part of Acumen Fund’s chapters wherever I may end up. One of Acumen Fund’s mission statements is to inspire the next generation to taking action. I feel inspired.

I leave Acumen Fund with immeasurable respect for their organization, enormous passion for the field of social enterprise, and an immense desire to work for them in the future.

Thank you for such an incredible opportunity, Acumen Fund.

To everyone out there who has been wondering if and how you can get involved in Acumen Fund’s work, I strongly encourage you to take action. We have to be the change we want to see in our world. Read The Blue Sweater , explore our Volunteer page, or to reach out to the Acumen Fund team if you have a specific idea in mind! If my volunteer experience was anything to go by, this is a decision you won’t regret!

Best Wishes,

Brittany Boroian

We Need You To Lead Us: Join Our Community

Thursday, March 4th, 2010

In his book Tribes, Seth Godin discusses how change is best effected by a group of like-minded individuals united around a powerful idea. Acumen Fund was founded on such an idea: we believe that Patient Capital has the power to build a world beyond poverty. However, we need your help to realize this vision.

Introducing Acumen Fund’s Online Communitythe place online to connect with people from all around the world who are excited about supporting Acumen Fund’s vision and mission. Started in October 2009, the Online Community is integral to Acumen Fund’s Community engagement efforts.

Here’re a few things you can do on with the Online Community:

Connect with over 2,688 members (and counting) from 108 countries, across dozens of interest groups who are passionate about the idea of Patient Capital.

Learn about Acumen Fund and social enterprise through multimedia and discussion forums with Acumen Fund staff.

Contribute to our cause by attending and organizing local events to raise awareness and donations for Acumen Fund.

The Online Community has something for you, regardless of your background:

Students: Learn how you can bring Patient Capital to your campus through our Campuses for Social Enterprise Group and Student Resources page.

Professionals: It doesn’t matter if you’re a banker, policy junkie, advertising guru, or activist. You and your peers can get involved with our work. Join an Official Chapter in New York or San Francisco, or one of our Seed Chapters in London, Dubai, D.C., Chicago, Los Angeles, Toronto, Vancouver, or Boston. You can search for other groups based on interest or geography here.

Blue Sweater Fans: The Blue Sweater is the inspiring memoir of Jacqueline Novogratz, Acumen Fund’s Founder & CEO. It chronicles her journey from Wall Street to the slums of Africa in an effort to understand global poverty, and tells the story of how Acumen Fund and “Patient Capital” came to be. Our Community site contains a wealth of resources about the book, including the Blue Sweater fan group, reader resources, information about how to help, and how to get the book.

Patient Capital Enthusiasts: If you have the passion & commitment to help support Acumen Fund’s work in some way or form, you can be sure that our staff will invest in supporting you.

Increasingly, we’re seeing the power of communities to contribute to our mission. Last July, the Young Professionals for Acumen New York Chapter (now New York for Acumen) raised $25,000 for Acumen Fund in a single night. This January, residents of local slums in Nairobi, Kenya, organized a “Super Book Club” reading of The Blue Sweater which attracted more than 90 individuals to meet Jacqueline Novogratz in person. All around the world, people are giving their time, money and effort to bring the power of Patient Capital to bear on poverty.

This is our invitation to you to help lead us. Be a part of our Community today.

Work with Acumen: Open positions

Tuesday, September 29th, 2009

Acumen Fund is seeking talented, passionate individuals for a few open positions. Complete job descriptions in PDF form can be found on the Work with Acumen page of the website.

The Manager of Portfolio Performance Management will directly oversee Acumen Fund’s post-investment management processes, from assessing the needs of our portfolio companies to designing the most appropriate strategy considering available best-practices and our unique market in addition. The Manager will also be expected to build a successful performance management capability in a fast-changing and entrepreneurial environment. Our ideal candidate is not only deeply committed to our mission and business model but equipped with 8-10 years of work experience in management consulting, private equity, venture capital, start up businesses, or a related area. This is a global role which will require the hire be based in one of our global offices and travel frequently to our investment regions.

The East Africa Portfolio Manager will be directly responsible for managing current investments in the Water and Sanitation portfolio in East Africa and developing future investments in the sector. S/he will also manage compliance and operations of the Acumen Fund East Africa office. S/he will be expected to play a significant role globally, helping to build on the existing water and sanitation expertise in the organization. Our ideal candidate is not only deeply committed to our mission and business model but equipped with 7 – 10 years of principal investing experience in the water sector.

The India Portfolio Manager will be directly responsible for (1) managing the healthcare portfolio in India, including current investments and the development of future investments in the sector and (2) managing compliance and operations of the Acumen Fund India office. S/he will also be expected to play a significant role globally, helping to build on the existing healthcare expertise in the organization. Our ideal candidate is not only deeply committed to our mission and business model but equipped with 7 – 10 years of principal investing experience in the healthcare sector.

If you or someone you know is interested in these positions, please visit the site to learn more.

Cohort Experiment Part 5: Talking to other Fellows

Friday, September 25th, 2009

Last week Blair and I interviewed current and previous participants of seven different fellowship programs. The process was very exciting — thank you to everyone who participated in the interviews!

One thing that became evident from our conversations is that programs approach leadership development in very different ways. Some programs are more “outward” focused, exposing individuals to a network of leaders with whom they can have conversations about their personal leadership experience. With this approach, the regularity with which participants access the network and whether they involve the cohort in processing the lessons learned is highly dependent on individual motivation. Programs like Ashoka, White House Fellows and Synergos Arab World Social Innovators, which use the “outward” approach, are great at connecting individuals and building large networks of program supporters.

“The strength of the White House Fellows program is the ability to give people the opportunity to get access to powerful people in government making important decisions on so many different dimensions and gain a sense of what it takes to create change”- Sunil Garg, White House Fellow

A second approach to leadership is what we are calling an “inward” approach where discussions about leadership happen mostly within the cohort. This type of program combines a number of activities and experiences asking the participants to spend time reflecting on their own leadership style, assessing their role as leaders in the world and obtaining feedback from their peers. Examples of this category of fellowship programs are Acumen Fund, Henry Crown and Coro. Some characteristics that make the “inward” approach programs unique are:

Length and intensity of interaction: Program duration is of a year or less if full-time and up to two years if fellowship is incremental. In either case, participants come together as a cohort frequently. For example, Acumen Fund Fellows come together as a cohort for 6-8 weeks at the beginning of the one-year program, two more times during their 10-month international field placement and three weeks at the end of the program. Of shorter duration but similar intensity are the four-day seminars where Henry Crown Fellows come together from across the country to engage in discussions and feedback sessions about leadership.
Experiential and peer learning- Participants learn about leadership from reflecting with their peers on their own experiences at their work setting or temporary placements. Coro Fellows interact with their cohort on a weekly basis during full-day seminars where participants share their experience in their placements and debrief collectively.

“This is the only experience set up to learn from your peers. The primary purpose is to understand what are the principles and values under which good team work happens and the role of leadership within that”- Dileepan Siva, Coro Fellow

Creation of a safe space: Interviewees agree that one of the most powerful experiences for personal growth and for becoming more self-aware leaders is the opportunity to speak openly about personal challenges and receive feedback from peers. They find that to engage in this rewarding exercise they need to reach a level of comfort. This is achieved only when they feel they are in a “safe space” where they can share their experiences with people they trust and where they will not be judged or measured. Most of the interviewees have found this rare and valuable space only with their cohort of fellows.

“When you talk about leadership it is kind of a personal thing therefore to seek out and be open to feedback it is important to have a good bond with people, feel protected and safe.”- Chris Walker, Acumen Fund Fellow

Interestingly, most of the interviewees shared that they have found this rare and valuable “safe space” only with their cohort of fellows.

Next week we will share with you insights as to how the cohort experience has impacted the leadership development journey of our interviewees.

In the meantime, what do you think of these two leadership development approaches?

The Cohort Experiment: Theory in practice

Wednesday, September 16th, 2009

Based on some feedback from our readers, Nicole and I are going to change tack a little. We have had conversations on and offline about the value of our blog series, and it seems as though we are becoming a little too didactic (fair argument). So as a result, we have decided to take your advice and focus on something a little more practical. For the next series of posts, we are going to conduct interviews of participants from top leadership development programs, including: Coro, Henry Crown, Ashoka, the White House Fellows, GE’s leadership development program and others. During these conversations, we will discuss the variables in which each program excels.

The reason for the new approach are threefold. First, we want to move from theory to practice and allow you all to get a sense of what is working and more importantly who is making it work. Second, we want to begin a conversation with practitioners of leadership development programs so that we can learn from others’ best practices and methodologies. And finally, we want all of you to learn more about the fantastic leadership development programs out there so you can apply to them and strengthen your leadership skills.

Also, if you think you have an amazing program that should appear on the blog, please reach out to Nicole (norillac@acumenfund.org) or myself (bmiller@acumenfund.org) with the reason you think your program is unique – we would love to interview you..

So with that, here we go…This week we are going to interview someone from Ashoka, so stay tuned! We look forward to your comments!