Talent

• CEO Jacqueline Novogratz was interviewed recently for the NPR program Speaking of Faith with Krista Tippett. Check out the show’s website for a podcast and lots of supplementary material.
• In a special section on business and food security, the Financial Times featured two Acumen Fund investments: drip irrigation company GEWP here and nutrition company Insta here. Similarly, the Global Alliance for Improved Nutrition (GAIN) includes an interview with Acumen Fund’s Ajay Nair in its latest newsletter.
• Talent Manager Blair Miller was recently interviewed on Dubai radio about the Fellows program.
• An Outlook Business article profiles GEWP, PVRI and other for-profit businesses serving our target market in India.
• There’s still time to order your Book Club in a Box! Get yours now and share The Blue Sweater with others.

And so the cohort experiment continues, though with this blog post reaches its online conclusion. In the penultimate post in the series, Nicole discussed the critical variables involved in designing leadership programs, in a discussion that we hope was helpful in considering the development of your own leadership programs.

As we reach the end of this series, on the nature and the role of cohorts in leadership programs, we find ourselves confronting the after or extended life of our programs. In other words, what do you do once the program finishes?  Needless to say, this question demands a discussion on alumni development. Though quite challenging to administer, maintaining strong ties among alumni (both with one another and with the institution) must be considered an essential element of programs such as those we have been discussing in this series. From my perspective, indeed, this is one of the key pieces of the leadership development puzzle. In our interviews with various people involved in developing, participating in, and administering leadership programs, we have identified four essential aspects of effective and successful alumni development. In this last post of the series, we want to share our findings with you.

First , we have discovered that alumni development must be part of the program from the very beginning; new recruits should be aware from the first day of training that their commitment is a lifetime one. Or, phrased slightly differently, from the outset, participants should understand that though their training will have a limited duration, their commitment to the program and to each other will last through the course of their lives. There are various practical, strategic, formal, and informal ways that leadership programs can encourage this kind of commitment.

One organization that has been particularly effective at this is Ashoka, who have developed one of the finest alumni networks in the field of social entrepreneurship.  While the Ashoka fellows program lasts only three years, Ashoka as an institution continues to support former fellows throughout their career. They do so by providing assistance to former fellows with pro bono support, open access to Ashoka’s extended global network, and periodic extended training. While Ashoka have been innovative in creating and administrating alumni initiatives, in some measure, they have based their own model of alumni development on university alumni organizations.

As the model from which all other alumni development efforts derive, top university alumni associations have a great deal to teach us all.  Alumni networks such as those operated by Harvard, Stanford, the University of Michigan, and other top academic institutions all continue to provide support to their alumni well beyond their time at the university. Alumni remain connected to their Alma maters through targeted events such as annual reunions, web-based networks, local chapters of alumni groups, newsletters, magazines and other similar development projects.  Many of these programs are so strong, the sense of community so richly established by them, that it has become an almost unstated rule that if an alumni or student contacts another alumni, they will almost certainly respond.  Now that is really impressive!  These programs capitalize on an individual’s desire to be involved in a group of people that has shared a similar experience.  If you are looking to build your alumni network, turning to university alumni organizations would be an excellent first source.

One of things that university alumni networks are so excellent at realizing is a continued platform for interaction by former members of cohorts, or of extended cohort groups. And while there is an almost intuitive connection between alumni of a university, other organizations have also found effective ways to develop the sense of affiliation amongst their former members. Organizations can ensure that its groups remain connected in a number of ways. For instance, the Henry Crown Fellows Program has a yearly gathering for all of its alumni, an event where the fellows have the opportunity to work and network with one another over the course of several days spent on specific projects.  The key to an event such as this is that it has direction; the gathering will be much more valuable for all those involved if it is organized around a particular goal or activity, which these yearly gathering always are. Specifically, if the fellows are either working on solving a specific problem together or are being trained in some new skill set, these types of gatherings will be both individually productive and instrumental in further creating a shared sense of group. These events create a specific value for its fellows, encouraging them to fly in from distant places, to learn new skills, or apply their professional talents towards a distinct aim. These events wind up doubly productive; the new time spent on a shared activity reinforces the fellow’s commitment to the convening organization and to one another.

Third, we have found that the programs which recruit fellows with a shared mission are more likely to have strong alumni networks than those without it.  For example, at Acumen Fund we have found that even though we do not convene our alumni yearly in the way, say, the Henry Crown Fellows Program does, (though we are would be very interested do so if any potential donors would be interested) less formal “reunions” are continually under way, with fellows remaining in close proximity to one another (occasionally geographically but more often in terms of life direction). To cite another example, I mentioned in my last blog that two of the 2007 Acumen Fund Fellows at Bamboo Finance have invested in a 2008 Fellow who is building his own low-income housing development in Pakistan. This investment and renewed partnership between alumni fellows, while not generated from some form of “top down” alumni development initiative, nevertheless reflects the ways that informal alumni collaborations can wind up having the same function, if the sense of shared mission is strong enough.

Fourth, as is a common practice at universities, alumni groups can and should involve its alumni in ongoing recruiting processes.  At Acumen Fund, we do this at multiple stages of our annual fellows’ recruitment process. Acumen Fund Fellows Alumni carry out multiple rounds of resume reviews, phone interviews; attend our final round panel interviews, and recruitment dinners around the world.  We do this because we find it is a surefire way to ensure the finest new Fellows are recruited each year, to help continue to build our alumni’s networks, and to keep alumni involved and engaged in the program.

These are just a few ideas though. As I think about managing Acumen’s alumni network I would love your thoughts on ways you have worked to bring your own global alumni together. We would love to hear from you all of you and continue this conversation online.

At the beginning of The Cohort Experiment, we posted what we regard as the seven variables defining a “real cohort.” To test our thinking, we asked other fellows which of the variables from our list they considered indispensable in shaping a cohort experience for leadership development.  The general answer was “all of them”! This answer signaled we were on the right track.

Upon further probing, fellows selected a few “indispensable” variables from the list but with no identifiable trend. Variables that were deemed as core to some of the programs were considered less relevant in others. This lack of commonality in answers makes sense given that all the programs are quite different in their design (See our previous posts: Inward and Outward Approach; Full Time vs Incremental).

However, at least three of the seven fellows we interviewed identified the following variables as critical to shaping the cohort experience for leadership development:

1. Common purpose as the basis for collaboration (part of Variable #1). As Blair explained in her last post, success in bonding of the cohort for “full-time” programs is highly dependent on the shared vision of the group.
2. Balance of individual and group development (Variable #2) with special emphasis on the importance of incorporating tools and spaces for processing individual progress and group interaction (Variable #6).“People assume that by putting individuals together they will have a conversation about how to improve interactions. Unless you formally set up a time for analysis and discussion, this will not happen.” - Dileepan Siva (Coro Fellow)
3. Having a dedicated mediator/skilled facilitator (Variable #7) to assist the group in activities and processing its progress. In many cases, this role is played by the program manager.

In addition, a fellow suggested that we add one more variable to our list: “balance between process and content.” In brief, he refers to the idea that people gain understanding in different ways. “Some people are driven more by the process by which learning takes place whereas others feel motivated by the outcome.” Consequently, in this fellow’s opinion, programs should aim at incorporating learning opportunities that are both process- and content-based.

Finally, we identified a common concern among the fellows interviewed: how to build a sense of common purpose and connectedness across “classes” of fellows. In other words, how to build a strong alumni network to allow for continued interaction and learning. This will be the theme of next week’s blog where you will have to chance to learn from programs that are further ahead in their effort to build a strong alumni network and the challenges they had to overcome.

One of the premises of our experiment is the idea that cohorts are not only a structure (a group of people) but also the holding environment for learning and interaction among members. To test this hypothesis we asked fellows from other programs whether they felt that their cohort peers had played a role in their learning process and development as individuals. The unanimous answer was yes. Below we present what the fellows shared as ways in which the cohort environment added value to their fellowship experience.

First, by coming closer to people from other fields that share a common purpose and are doing similar things fellows became more aware of themselves as leaders and entrepreneurs.

“Meeting the other fellows in my group allowed me to become more aware of what happens in the outside world and what others are doing. It is a humbling experience that obliges you to reflect on what you are doing and challenges you to think about how you can do better.”- Kamal Mouzawak, Synergos Arab World Social Innovator

Fellows from other programs agree with Kamal and add that by sharing experiences with their cohort they gained a better understanding of the common challenges faced by the group. Whether this realization will spark to develop collaboration or new ideas is another matter shares Derek Ellerman, an Ashoka Fellow. “You need time to build the trust that will lower the barriers to natural collaboration” says Derek.

Derek’s comment is related to the third value added of the cohort environment: a safe space to talk openly about personal challenges. Last week we talked about this “safe space” as a characteristic of programs that follow an “inward” approach to leadership development. As some of the fellows interviewed pointed out, a cohort does not translate into a collaborative environment. Initial structured activities focused on interpersonal relationships and peers getting to know each other are critical to building trust and creating a “safe space” for sharing personal experiences. Once this is achieved the possibilities for learning and collaboration are endless!

Fellows concur that a fourth way in which their cohort peers shaped their leadership development experience was by challenging them and providing feedback. Elizabeth Edwards, a participant of GE’s Experienced Commercial Leadership Program (ECLP), explains how the program incorporates many structured occasions for peer to peer feedback. In addition, because participants of the program truly care to see each other succeed, they also find opportunities to exchange feedback more informally. This has made a real difference in her personal leadership development process.

Finally, fellows talked about the value of peer learning to understand their own individual motivation and moral center and using this to encourage action. Dileepan Siva, a Coro Fellow, refers to this as the process of doing away with “walking wounded”. In Dileepan’s words:

“There are many leaders out there that are walking wounded. Amazing individuals outwardly but internally they have not worked through understanding what is walking them into their work. One of the true values of having cohorts is creating the space where one can explore the connection between personal motivation, background and why you do what you do in the world.”

These are the five major value-added qualities of cohort environments in the process of leadership development that we found from the interviews. If you have ever participated in a cohort program for leadership development and have an additional experience to share, we would like to hear about it!

Stay tuned for next week’s post when Blair will talk about some new considerations to cohort program design that we discovered from the interviews and their effect in program objectives and group dynamics.

Our 2009 Fellows have just graduated, our 2010 Fellows have just arrived for training, and we are excited to announce that the application process for the 2010-2011 Class of Acumen Fund Fellows is now open!

Detailed information about the program and application the process, as well as the bios of current and past fellows, can be found on our website. To apply, or to send more information to others you know who might be interested, please click here. Applications will be accepted online until 11:59pm EST on Thursday, November 5, 2009.

What does it take to be a Fellow? We are looking for dedicated individuals with the practical skills, the creativity, the empathy and the leadership potential to affect change by leveraging market-based solutions to create social impact. Acumen Fund Fellows are drawn from a pool of talented, passionate people from all geographies, sectors, backgrounds and ethnicities.

Since graduating its first class of Fellows in 2007, the Fellows Program has continued to grow and expand, using the experiences of each class to continue building a unique training curriculum specifically focused on leadership and social enterprise. Fellows Alumni have called the program a life-changing experience, and one that allowed them to build critical business skills and a better understanding of the challenges involved in serving low-income consumers around the world.

We are also excited to welcome our new Class of 2009-2010 Fellows to New York. Over the coming weeks the 2010 Fellows will be training and actively preparing to support Acumen Fund investments. The Fellows have committed to sharing their experiences both from New York and on the ground, so expect to see frequent posts from them here on the blog.

If you know exceptional individuals who should be part of our 2010-2011 class, we hope you will encourage them to apply. Please share this announcement throughout your networks so that we reach the strongest and most diverse candidate pool.

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?

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!

In last week’s post, Blair and I started a discussion about the definition of a cohort. We first presented the idea of a cohort being more than just a structure for curriculum delivery. This week, I will share what we found, both from literature and practice, are the seven variables that define a “real” cohort in the context of leadership development. To illustrate some of the variables, I will refer to the Acumen Fund Fellows program. And of course, we would love to hear other examples from you!

Seven variables defining a “real” cohort

#1  Form/structure of a cohort

• Size: Not too big, not too small. Generally 12-25 participants.
• Shared experience
• Common purpose as the basis for collaboration: For example, in the case of the AF Fellowship, the common purpose is to understand the challenges of social enterprises in addressing the problems of the poor.
• Encouragement of critical reflection.
• Knowledge construction that is “problem based and participant centered.”

This first variable and its subparts are quite general and apply to a broad number of cohort programs. But don’t stop here. Keep reading! The next few variables are more specific to leadership development cohorts.

#2  Balance of individual and group development

The Cohort experience is about groups empowering individuals and individuals empowering groups. Most importantly to our discussion, the authors conclude that a direct parallel can be drawn between self-understanding and leadership.

#3   “Hold Well”

This variable refers to the ability of cohort members to form a cohesive, collaborative group accepting of the individual. Initial experiences focused on community building, co-learning, building collegial and interpersonal relationships, as well as modeling expectations on how the cohort will function, are key in ensuring that the cohort “holds well.”

Note to Practitioners: do not take this stage for granted! As a participant of a cohort I can tell you that the time we spent in getting to know each other was critical to building a support network based on trust and collaboration.

# 4   “Let go”

The cohort must “let go” of the individuals by challenging them to allow them to develop. In our case as AF Fellows, we were sent to work in different countries with different organizations. As a result, each fellow’s challenges and lessons learned were unique.

# 5   “Stick around”

At the same time, the cohort must “stick around” to provide continuity, stability and availability to the individual undergoing growth and development.  Finding this balance is tough.

#6     Processing of group interaction is incorporated in the program

Time is regularly set aside for processing group interaction and a variety of group processing strategies are incorporated (e.g., feedback tools, journals, meetings, etc.)

#7    Cohort has a mediator/skilled facilitator

The mediator should have the talent to assist the group in processing its progress.

Now it’s your turn. What do you think of these variables? Is there something missing in this definition?

The first step towards exploring the role of cohorts in leadership development is to define the concept of cohorts. A quick Google search directed Blair and me to Dictionary.com, which offered the following common definitions:

Co-hort [koh-hawrt]
–noun
1.    a group or company
2.    a companion or associate.

Synonyms:
2.  Friend, comrade, fellow, chum, pal, buddy.

Expected…but is there more to the concept of cohorts in the context of leadership development programs?

Instead of reinventing the wheel, I volunteered to spend a few good hours searching through business and academic journals to see if others had already developed a definition suitable for our purpose (something I believe we don’t do often enough). To my surprise, I found not only several definitions but a great number of journals and books studying different aspect of cohorts!

From the works of these scholars, two major themes emerged which I found interesting and relevant to our experiment: First, the idea of a cohort being more than just a structure and second, the variables that characterize a “real” cohort. This week I will tell you more about the first theme.

Cohort: Structure and Holding Environment

In the context of adult learning and leadership development, cohorts are not only a structure (a group of people) but also the holding environment for learning and interaction.

What does this mean?  Think back to your college experience, for example.  In this scenario, your cohort (group, companions, comrades, fellows… as per the common definition) was your class. Together with the members of your class you assisted to similar courses and seminars as required to complete your degree and, if all went well, you graduated in the same year.

How many activities were integrated in the curriculum for you and your class to reflect on your development as individuals and as a group? Was it expected that the members of the class supported each other in matters other than academic performance? Implicitly, perhaps…as part of the explicit program structure, most probably not.

In essence, grouping people together to go through a specific curriculum does not guarantee that individuals will support each other in the process of learning and be concerned about each other’s development.  Therefore, for learning and leadership development to take place, “cohorts must be structured as environments in which individuals experience growth and development supported and challenged by the group”-Imel (2002)

So, why is this concept of a cohort as “holding environment” important?

For present or future participants of a leadership development cohort:
It is important to understand what your fellows will expect from you. Accepting to be part of a cohort is a commitment to advance a common purpose but also it is also a very, very personal journey. What I learned this year as an Acumen Fund Fellow, is that if you really want to grow as a leader in a cohort you have to get personal…be vulnerable, be open to talk as much about your strengths as your weaknesses, challenge others but also accept to be challenged, be humble and learn to fail. If you do this, you get to know yourself better, gain confidence, emerge as a better leader and hence are better positioned to give back to the group as well as the cause of the cohort. (For an illustration of the personal aspect of a cohort experience, read this blog post).

For practitioners of leadership development:
In designing a cohort program for leadership development, selecting the right people, the number of participants and deciding the curriculum (i.e., the structure of the cohort) is a very important part of the process. However, make sure you dedicate equal amount of resources to exploring the second part: how to develop the “holding environment” for individual and group development to take place. Later on, my colleague Blair will share with you her experience in this subject.

Next week: Seven variables that define a “real” cohort.

Acumen Fund Fellow, Nicole Orillac and I are about to embark on a small experiment. We are excited about this for a few reasons.

First, one of the core principles of the Fellows Program is experimentation. The philosophy being, the more you try new things, the more you fail, and the more you fail the closer you get creating something really system changing.

Second, we both have a strong interest in building leadership for the social sector. We are intrigued by best practices from the private and public sectors and want to understand how and if they apply to our field.

Third, we believe we are well positioned to embark on this experiment. Nicole is in the midst of a leading leadership development program for the social sector and I am a practitioner of leadership development. We think we make a great team.

Oh and one quick caveat, this is NOT a scientific experiment in any way shape or form. 

The experiment came about because Nicole spearheaded a workshop in Bangalore for Indian women entrepreneurs who were participating in the incredible Goldman Sachs 10,000 Women initiative. The 10,000 Women initiative is a sponsor of Nicole’s Fellowship and a key partner to Acumen Fund. 

The workshop Nicole ran focused on how the women would stay together after the training they received from Goldman Sachs and the Indian School of Business. What we saw there and in the Acumen Fund Fellows Program was that the shared experience of the cohort was the foundation for an integral support system and, if cultivated properly, could help them through challenges they faced throughout the rest of their lives. 

Ok, I know, so what is the experiment? It is called the “Cohort Experiment.” We are going to write a series of blogs over the course of the next few months that will ask a lot of questions and explore the value of cohorts in developing leaders for the social sector. 

We will discuss key variables of cohort building, conduct interviews of top leadership development programs and give our own subjective insight. The challenge to you is to follow these blogs, engage in a conversation, challenge our assumptions and help us ask the right questions. So with that, here we go!

We are so pleased to announce our new class of Acumen Fund Fellows. These extraordinary individuals, who were chosen from hundreds of applicants, will be supporting the work of investees in India, Pakistan and Kenya.

• Sule Amadu will work with D.light Design in India. He has a background in global social sustainable enterprise and mechanical engineering with an MBA from Colorado State University.
• Josephat Byaruhanga will work in Kenya with Western Seeds, which promotes sustainability and produces seed varieties appropriate for traditionally low-income farmers. He has experience managing rural community development programs and a Masters in Sustainable International Development from Brandeis.
• Gamuchirai Chituri will work with UHEAL, which provides access to specialized eye care services previously unavailable to low-income customers in Kenya. She has built an enterprise that trains young entrepreneurs from Zimbabwe in starting businesses.
• Sarah Dimson will work in Pakistan with AMC, a for-profit, low-income housing company. She has experience in non profit consulting and affordable housing development and a BA in Science, Technology & Society from Stanford University.
• Yehia Houry will work in India with 1298. He has experience as a financial analyst, focusing on access to financing for the poor and a Masters in International Affairs from Columbia University.
• Asim Hussnain will work with Micro Drip in Pakistan. He has a background in microfinance and microenterprise development and an MBA from Lahore University of Management Science.
• Kevin Martin will work in Kenya with D.Light Design on marketing. He has experience in sustainable enterprise working with international development organizations and an MBA from the University of North Carolina.
• Satoko Okamoto will work with AyurVaid in India. She has a background in microfinance and advocating public/private partnerships in international peacebuilding initiatives.  Satoko has a masters from Johns Hopkins University.
• Meghan Simkins will work with LifeSpring hospitals in India. She has a background in public health and business administration and a Masters in Public Health from Columbia University.
• Muhammad Zahoor will work in Pakistan with FMIA. He has experience managing rural development programs and in public-sector education, and he holds masters degrees from the University of Peshawar and Malakand University in Pakistan.

We’re looking forward to the arrival of our new class in September. They’ll be spending eight weeks with Acumen Fund in New York for training before departing for individual assignments with investees. The Fellows will be sharing their experiences here on the Acumen blog, so please stay tuned!

For the complete announcement, click here.

"excellent visual aid" by Flickr user what not

Brian Murray is a summer associate in the Knowledge & Communications team.  He is a former PricewaterhouseCoopers consultant, ex-technology entrepreneur and a Returned Peace Corps volunteer currently pursuing his MBA at the Yale School of Management.  This is not him crying pictured at left.

Rob Katz, my colleague and BoP obsessive, joked to the New York summer associates that Acumen Fund is like the Eagles song Hotel California: “you can check out any time you like, but you can never leave”. While we laughed at the time, I now see the truth in his joking statement.

Acumen hopes to be (and in many ways, already is) more than an organization – it is a movement driven by the belief that now is the time to change the way people approach philanthropy and international development. Being a part of this movement, one that will make the world a better place, is a rare opportunity.

There were over 700 people who applied to work at Acumen this summer, demonstrating enormous interest in this field. However, this number also illustrates the challenges faced by those entering the social entrepreneurship sector and specifically the relatively young Impact Investing field. Simply put - supply greatly outweighs the demand. As outlined by Ashni Mohnot from PopTech in her article “Who’s in the Social Entrepreneurship Club – and who isn’t?” it is a problem that needs to be addressed.

Unfortunately, this is not going to be cleared up this year, or by the time you graduate or anytime in the near future. So, what should you do? Actually, since I’ll be in the same boat - graduating in the Spring of 2010 - what should you and I do?

I do not have all the answers to this question, but after my experience here at Acumen, I have a much better idea of where to start. I have developed a list of how I got started this summer and the activities that I plan to continue. I’m sure there are more ideas out there and I welcome you to share by commenting below.

- Start by getting yourself up to speed:

• Add nextbillion.net and their great blogroll to your Google Reader
  
• Download and read (or use as reference) the Next 4 Billion report
• Read this great Monitor report on Impact Investing
• Learn about the members of the ANDE network

- Join twitter and be a part of the conversation – get started by adding Social Edge’s top 100 tweeters in the social sector

- Start a blog and find your voice: what do you care about? Is it a country, region, sector? Is it measuring social returns? Is it just finding your voice in the function you are interested in? Good examples: Sasha Dichter, Luke Barbara Cashewman,

- Do a deep dive on a sector and a region. Begin doing research on water challenges in southern India (see: Ripple Effect) or agriculture issues in Western Africa.

- Travel and listen to people on the ground. What are their pain points? Where is the market not functioning for SGBs? 

- Learn the operational challenges of a Small and Growing Business here in the states, where can you contribute? Accounting? Marketing?

- If you are a student, start a group on campus to meet periodically and discuss new trends (i.e. social metrics, getting into the sector) - Start meetings with a TED Talk.

- Get involved with Acumen

• In NYC? Join our Young Professionals group. Not in NYC? Our team is working on it: Stay tuned or post ideas in our comments section below.
• Are you currently in college? Contact one of our student leaders and find out how to assist their efforts or start a movement on your campus by emailing Acumen’s Aden Van Noppen
• Join us on Twitter, Facebook or follow us by email
• Encourage others to donate on your birthday through Facebook
• Send us an idea about how you can help us fundraise or raise awareness at ideas@acumenfund.org
• Learn about our portfolio

And because we all need some inspiration along our career journeys:

• Watch this brief Economist interview of Acumen CEO, Jacqueline Novagratz
• Read the New York Times article, “A Social Solution, Without Going the Non-Profit Route”:
• Watch Seth Godin inspire the student leaders
• TED: Jacqueline Novogratz
• TED: Katherine Fulton on the future of philanthropy
• TED: Iqbal Quadir says mobile fight poverty
• TED: Hans Rosling

If you take nothing away from this post except one thing it would be this - don’t wait for things to happen or fall in your lap - your energy and contributions are desperately needed. Just not in the traditional way… yet.

As the summer comes to a close, I can agree with my colleague’s use of “Hotel California”, except for one small change: “you can check out anytime you like but you won’t want to leave.”