mit ideas social entrepreneurship competition, ryan allis, the great opportunity of our generation,...

8/14/2019 MIT IDEAS Social Entrepreneurship Competition, Ryan Allis, The Great Opportunity of Our Generation, May 2009

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MIT IDEAS

MAY 4, 200



MIT IDEAS

The Great

Opportunity Our

Generation Has

By Ryan Allis, CEO of

May 4, 2009IDEAS COMPETITION

MIT



My Goal

Motivate you to focus your

time and passion on solvingworld changing social issues

and give you the resources to



A quote…



“We achieve

what we wantto achieve. If

we are notachieving

something itis because wehave not put



What’s On T

The Great Opportunity Our Generation Has1. My Background

2. The Challenges We Face

3. The Opportunities We Have

4. A Vision for the World

5. CSR at iContact + Why We Do It

6. The Lessons I’ve Learned

7. How We Can Change the World Together

1



Business Background•Age: 24•Position: CEO of iContact Corp.

•Size: 165 Employees

•Annual Sales: $28 million

•Capital Raised: $13.8 million

•Customers: 47,000



The Team

6



1



The Team

1



The Team

43



83



iContact 2009iContact 2009Com an PhotoCom an Photo



The Team



Social Background•

Executive Director: The HumanityCampaign, Inc.

•Board Chair: Nourish International

•Working With: Africa Rising, Ashoka, AcumenFund, Opportunity Intl, Stop Hunger Now, UN

Foundation

•Countries Working In: U.S., Uganda, Kenya,

Ghana, Tanzania, Guatemala, Honduras, Peru,

Mexico

•Areas Working In: Water distribution,



The Kids



The Humanity Campai

The mission of The Humanity Campaign is to work to reduce

poverty and hunger by increasing access to education,

healthcare, technology, and entrepreneurial opportunity in the

U.S. and in developing countries.



The Humanity Campaign

The Humanity Campaign• Started in November 2005, originally a global

network of bloggers writing about experiences in

developing countries

•

Incorporated in February 2008, now a grantmaking foundation

• We contribute 50% of funds in the U.S. and 50%

in developing countries

• Contributing to organizations in 6 countriesworking in primary education, water distribution,

health care, nutrition, microfinance, and

vocational training

• Small now, but growing as iContact succeeds



Nourish International• Nourish teaches college students

entrepreneurship and then uses the

net profits from ventures to contribute

to and volunteer at sustainable

projects in developing countries

• Started in 2001 at UNC-Chapel Hill

• Chapters now at 21 colleges in the U.S.

• Adding 10 additional college chapters

in 2009-2010

• Sending 65 students to 7 projects this



Social Entrepreneur

Entrepreneur & Social EntrepreneurMeetups

1. Started June 2007. Now held monthly at my

house in CH

2. About 70-80 attendees each month

3. All ages/backgrounds. People who care about

8 – 9pm – Socializing

9 – 930pm - Intros

930 – 1030pm – Presentations (2 business, 2

social)

1030 – 11pm – Announcements, Life Changing



Buzzword Bingo Fun…

Social Business

Social Enterprise

Capacity-Building

Microfinance

Sustainability

LDCs Upcycling

Social

Appropriate Technology

Intervention

Bottom-up

PPP

Weatherizing

Scalability

Green Jobs

Top-down

LEED

Vertical Farming

Cradle to Cradle



The Challenges WeThe Great Opportunity Our Generation Has

1. My Background







2



Slide showing rise in CDOs and credit swaps

NASDAQ at 1719, same as it was in

DJIA at 8212 same as it was in 1998



DJIA at 8212, same as it was in 1998

The last 13 years of stock market

BRIC ETF d 61 47% i J



BRIC ETF down 61.47% since June

Unemployment Rate Highest Since



Unemployment Rate Highest Since

IPO Pricings 1999 2008



IPO Pricings 1999-2008

Down 84% in 2008, Only 1 So

Source: http://www.ipohome.com

Gl b l Ch ll



Global ChallengesKey Global Challenges

1. Extreme hunger and food distribution2. Water sanitation and distribution

3. Infant mortality

4. Lack of access to childhood education

5. Malaria, measles, TB, diarrhea, HIV/AIDS

6. Human rights violations, sex trafficking, and child

soldiering

7. Fossil fuel usage leading to climate change

8. Nuclear proliferation

9. Major conflicts in Congo, Palestine, Sudan,

Afghanistan, Iraq

10. Lack of transparent leadership in Zimbabwe, N. Korea,



h i i



The Opportunities WeThe Great Opportunity Our Generation Has

1. My Background







3



In the big picture, this decline is just a blip in growth

DJIA 1967-2009



Here’s another 13 year period when stocks were flat

DJIA 1969-1982



But look what happened between 1982-1995.

DJIA 1982-1995



Yale Professor Robert Shiller’s P/E10 Ratio as of May 4,09 is 15.14 down from 43.51 in April 00

P/E10 2000-2009

Source:



Only 23.5% of humanity is on the Internet as of 2009.

There is much growth to go. There is great coming power



Infant Mortality is Decreasing…

Reduced by 50% in last 45 years

Source: http://www.gatesfoundation.org/annual-letter/

Gl b l O t iti



Global OpportunitiesKey Global Entrepreneurial Opportunities

1. Agricultural production yields2. Food distribution and logistics3. Water collection, sanitation and distribution4. Wireless electricity distribution5. Wireless mesh broadband networks6. Conflict resolution consulting7. Leadership transparency consulting8. Improved education and reform9. Improved preventative health care and reform

10.Clean tech/alternative fuel (the coming GreenRevolution)

You could build a billion dollar company in each



ProfitEQUALS

SUSTAINABILITYSUSTAINABILITY

EQUALS

ProfitEQUALS

SUSTAINABILITY

H t G t F d d 101



How to Get Funded 101How to Get Funded

1. Submit to Competitions Like MIT IDEASMootCorp (UT-Austin) MIT 100K Challenge

1. Apply to Start-up Summer Mentorship Programs Y-Combinator (SF) LaunchPad (DC)

TechStars (Boulder, CO)1. Pitch to Boston Angel Networks2. Connect With Great Boston Venture Capital Firms

Highland Capital Partners - Neill OcchiogrossoMatrix Venture Partners – Nick Beim

5. Send in Your Plan Via a Trusted Referrer6. Find Current Entrepreneurs and Buy Them Lunch



DESIGN FOR



DESIGN FORPEOPLE

ENGINEERFOR LIFE

A Vi i f th



A Vision for theThe Great Opportunity Our Generation Has

1. My Background







4

A Vision for the World



A Vision for the World

I’d Like to Work With You Over the Next 50 Years to Create a World in Which…

1. There is no killing of humans on a mass scale

(genocide or warfare)

2. All humans have access to the basic human

needs of clean water, nutritious food, shelter, and

primary education

3. We end preventable diseases like malaria, TB,

and measles

4. We are environmentall sustainable

Starting from a Simple



Starting from a Simple

All Lives Have

Is this possible?



Is this possible?

Can we actually end genocide, warfare,starvation, and preventable disease in our

lifetimes?

YE

Is this possible?



Is this possible?

Can we actually provide accessible cleanwater, food, shelter, and primary education

to every human in our lifetimes?

YE

But people laugh



But people laugh…

“But older people laugh at me.”

“Experienced” people laughed at Marconi when

he claimed had a device that wirelessly

“Experienced” people laughed at Yunus whenhe said he could lend to poor women with no

“Experienced” people laughed at Edison when he

said he had a device that recorded sound

But how?



But how?

It Takes Entrepreneurs…1. Many of the future leaders of our generation are

in this room right now. You are one of them. We

can achieve anything we set our minds to.2. We do it through a combination of

entrepreneurship and social entrepreneurship.

3. We do it through investments in education,infrastructure, technology, leadership, and

sustainable energy.

a s a oc a



a s a oc a

A social entrepreneur is

someone who rearrangesresources to improve the

world



A New & Better Model?



A New & Better Model?

A New Model of Distributed Bottom Up

Individuals& On theGround NGOs

LocalEntrepreneurs & People

Projects withappropriatescale and

bought-into

CSR at iCont



CSR at iContThe Great Opportunity Our Generation Has

1. My Background







5

CSR at iContact



CSR at iContactCSR at iContact

1. We believe in the 1% solution

2. We provide 1% of our annual payroll back to our

community.

3. In 2008, we contributed $57,000 to 37 different

non-profits

4. In 2009, we’re on track to contribute $110,000

5. We split the contribution approx. 50% U.S., 50%

international

6. We do service projects with Habitat and Foster

Why We Do It



Why We Do It

The Why Behind CSR at iContact1. Because it’s the right thing to do

2. Because it’s part of the purpose of our company

5. Because we get positive attention that attracts

customers and new team members

“The purpose of iContact is not to make profits nor revenue.It is to create good jobs, give back to our community, and

help organizations market more effectively. If we do these

things right, the profits will follow.” – The Purpose of

The Lessons I’ve Lea



The Lessons I ve LeaThe Great Opportunity Our Generation Has

1. My Background







6

The Lessons I’ve Learned



The Lessons I ve Learned


1. If we are not achieving something, it is because

we have not put our minds to it.

2. We have great challenges facing our generation,

but even greater opportunities.

3. Surround yourself only with positive people and

great mentors.

4. Thoughts become things. Write down and frameyour goals.

5. It takes at least five years from when you start to

make it, so start taking action today.




The Lessons I ve Learned


6. Don’t be afraid of failure or of making mistakes.

Things will go wrong.

7. Don’t take yourself too seriously.

8. Live life to its fullest. Be passionate. Do whatmakes you happy.

9. Money means nothing if you don’t have

friendships, health, and love.

10.Our generation can, and must address the majorinequities of opportunity in the world.



Changing the W



Changing the WThe Great Opportunity Our Generation Has

1. My Background







7

The Future For Me?



The Future For Me?

Figure Out How to Change the World inthe Most Impactful Way Possible

Through:

•Entrepreneurship

•Social Entrepreneurship

•

Investing•Writing

For More Informat



For more information you can visit…•My Blog: www.ryanallis.com

•My Book: www.zeromillion.com

For More Informat

How We Can

http://www.broadwick.com/

http://www.zeromillion.com/

http://www.ryanallis.com/



I’m happy to help however I can. You canreach me via:

How We Can

Let’s Work Toget

mailto:[email protected]



Let’s work together as entrepreneurs, social

entrepreneurs, and public servants for the

next five decades to:

Let s Work Toget

Our generation has an immense opportunity if we

1. Provide accessible clean water, food, shelter,

and primary education to every human

2. End genocide, warfare, starvation, and

preventable disease.

“W hi



“We achieve

what we wantto achieve. If

we are notachievingsomething itis because wehave not put

Thank you!



THANK

Thank you!



Some Recommended



Some RecommendedDevelopment-Related Books

1. Three Cups of Tea

2. Fortune @ The Bottom of the Pyramid

3. Secret History of the American

Empire

4. Confessions of an Economic Hitman

5. The End of Poverty

6. The White Man’s Burden

7. Globalization and Its Discontents

8. Be The Change

Business/Economics Related

1. Think & Grow Rich

2. Hot-Flat and Crowded

3. How to Win Friends & Influen

4. Lexus and the Olive Tree

5. The Commanding Heights

6. Reinventing the Bazaar

7. The 5 Dysfunctions of a Tea

8. Good to Great

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