Tag Archives: UCLA
Uncovering the Acumen Fund and moving beyond the blank check
Posted on 19. Mar, 2009 by Chathri Munasinghe.
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Imagine you had sweater and donated it to the Goodwill. Now imagine you went to Africa more than a decade later and came across a boy who was wearing it. This story actually unfolded for Acumen Fund founder and CEO, Jacqueline Novogratz. In the new book The Blue Sweater and a recent Forbes article, Novogratz discusses leaving Wall Street to travel to Africa to help save the world. During her journey she concluded that “most people don’t want saving…they want to make their own decisions and solve their own problems.”
Years later Novogratz founded Acumen, which according to Novogratz’s TED profile, has more in common with a venture capital fund than a typical nonprofit.
