UVA Post Growth Entrepreneurship PDF

Post Growth Entrepreneurship Dr. Melanie Rieback University of Amsterdam - Faculty of Economics and Business melanie@nonprofit.ventures [email protected] Jan 9, 2023  Individual Assignment Part 1: (due Feb 5)...

Post Growth Entrepreneurship Dr. Melanie Rieback University of Amsterdam - Faculty of Economics and Business melanie@nonprofit.ventures [email protected] Jan 9, 2023  Individual Assignment Part 1: (due Feb 5) Design and plan the structure of a fictional "non- extractive company" by: Creating a Sustainable Business Model Canvas; Designing an experiment to test a fictional Minimum Viable Product, using the MVP Experiment Canvas; Write a "PGE Playbook" compatible Bootstrapping Plan for your fictional company of 500 words (1 A4); Jan 23, 2023  Individual Assignment Part 2: (due Feb 5) Write a 1500 word report (excluding references) describing how you would reinvent the University of Amsterdam Entrepreneurship curriculum (3 A4s) Jan 23, 2023  Impact Investment Impact VCs fund social enterprises They may also cater to underserved "Private Sector Solutions; Alimi Impact Ventures Climate-Smart Agriculture 2018" by UNCTAD is communities licensed under CC BY-SA 2.0. Problem: Impact VCs have the same “2 and 20” fee structure as commercial VCs ‘Carried interest’ embeds the growth imperative into social enterprises These fee structures can be reformed: Snowball IM Jan 23, 2023  Impact Exits “Selling your B corporation to "Exit" by jpataki is licensed under CC BY-SA 2.0. Unilever” Celebrating exits is ironic when we are claiming to build companies for the long-term Claim: selling to large corporations helps achieve social mission faster Retirement: CEO can create a “succession plan” to replace themselves with someone like- minded Jan 23, 2023  Philanthropy and CSR Philanthropy is one way we justify Environmental Protection is licensed under CC BY "WES Ribbon Cutting" by Massachusetts Dept. of hoarding wealth Philanthropy does not fairly nor effectively redistribute money in society 2.0. Reputation laundering and tax relief Philanthropy frequently takes the form of political donations Corporate Social Responsibility (CSR) is “philanthropy for companies” Jan 23, 2023  Eliminating Extraction At a basic level, EVERY company can call itself a social enterprise, "Farmers' Market" by NatalieMaynor is licensed because it is fulfilling a genuine need in society under CC BY 2.0. Financial extraction from a business can be used to judge how ”mission oriented” a company is, whether it calls itself a social enterprise or not. Eliminating extraction can potentially make every company a mission- oriented activistic organization Jan 23, 2023  Creating Bespoke Solutions The social enterprise ecosystem is not "Collaboration artwork is finished" by dorofofoto is unified and coherent It is like the parable of the blind licensed under CC BY 2.0. men and the elephant Each movement is working towards the same thing, but from a different angle Approaches can be evaluated for strengths and weaknesses We must avoid tribalism and silo- forming, and work together to create bespoke solutions Jan 23, 2023 Part III: Post Growth Entrepreneurship Feb 1, 2023  The Limits to Growth In 1972, the Club of Rome and MIT https://www.clubofrome.org/publication/the-limits-to-growth/ published a controversial report called ‘The Limits to Growth’ It resented a computer simulation (World3) of exponential economic and population growth given a finite supply of resources Offered 12 scenarios (including “Business as Usual”) Predicted that limits would be reached by 2072 Jan 23, 2023 https://timjackson.org.uk/ecological-economics/pwg/ Post Growth Economics https://www.postgrowth.org/ Jan 23, 2023  Degrowth Movement Thought leaders: 19th century anti-industrialists https://www.jasonhickel.org/less-is-more Décroissance: Nicholas Georgescu-Roegen and André Gorz (1972) + Serge Latouche E. F. Schumacher - Small Is Beautiful (1973) Jason Hickel Jan 23, 2023  Doughnut Economics Kate Raworth wrote ‘Donut Economics: DoughnutEconomics is licensed under CC BY-SA 4.0. Seven Ways to Think Like a 21st Century ”Environmental doughnut infographic" by Economist’ (2017) The “doughnut” is two concentric rings: 1. Social foundation - so no one falls short on life's essentials 2. Ecological ceiling - so humanity does not collectively overshoot the Earth’s life supporting planetary boundaries We need to “remain within the doughtnut” Jan 23, 2023  New Economics More Thought Leaders Douglas Rushkoff https://rushkoff.com/books/throwing-rocks-at-the-google-bus/ Charles Eisenstein Mariana Mazzucato David Graeber Christian Felber Wellbeing Economy Alliance Institute for New Economic Thinking Jan 23, 2023 “We can build the Post Growth Economy one startup at a time” Feb 1, 2023  Definition of PGE Photo by PPD on Pixnio s licensed under CC0. “Post Growth Entrepreneurship is the practice of creating and running non-extractive businesses” Jan 23, 2023  Main Elements of PGE Exponential Growth 1. Bootstrapping 2. Flat growth VS 3. Non-extraction Flat Growth Jan 23, 2023  Beyond the SDGs Sustainable Development Goals (SDGs): 17 interlinked goals serving as blueprint for a Published by the United Nations into the public domain sustainable future Lots of social enterprises focus on the SDGs This is a small niche, we need to think broader We must also consider everyday mundane “boring but necessary” businesses, that have no relation to SDGs ANY organization can optimize for social impact Eliminating financial extraction is the key Jan 23, 2023  Ethics By Design In cybersecurity we have: “security by design” You build security in from the beginning - "The core" by hendriko is licensed under CC BY 2.0. you can’t slap it on like a band-aid later It’s the same with ethics You can’t take something inherently unethical and slap a “CSR band-aid” on, and think it’s now ethical. “Ethics by design” is built in from the start This requires a new startup or spinoff Once we have ethics by design, we must guard and maintain it rigorously Jan 23, 2023  Compensation Caps To eliminate financial extraction, you need caps on compensation Photo by Reafon Gates: https://www.pexels.com/photo/ Middle class salaries and a pension US$75k/year for optimal happiness take-it-easy-painted-road-1570264/ Avoid equity compensation “Fair compensation” for CEOs is tricky “Balkanende norm” (~200k Euros) Compensation ratios 10:1 - used to be normal for CEOs 250:1 - now normal for CEOs 450:1 - Elon Musk This is all industry/location dependent Jan 23, 2023  Who Is PGE For? TobiasSchumann(WMDE)derivative work: Dgultekin, Startup founders CC BY-SA 3.0, via Wikimedia Commons Established companies Governments Nonprofits/NGOs Incubators Creative sector Jan 23, 2023 Bootstrapping Jan 18, 2023