{"id":43956,"date":"2017-11-26T16:19:32","date_gmt":"2017-11-26T14:19:32","guid":{"rendered":"https:\/\/newserver.fyb.de\/produkt\/venture-philanthropy-and-social-venture-capital-in-germany-an-initial-assessment\/"},"modified":"2017-11-26T16:19:32","modified_gmt":"2017-11-26T14:19:32","slug":"venture-philanthropy-and-social-venture-capital-in-germany-a-first-balance-sheet","status":"publish","type":"product","link":"https:\/\/www.fyb.de\/en\/produkt\/venture-philanthropy-and-social-venture-capital-in-germany-a-first-balance-sheet\/","title":{"rendered":"Venture Philanthropy and Social Venture Capital in Germany \u2014 An Initial Assessment"},"content":{"rendered":"

Dr. Erwin Stahl<\/strong> \u2014 Mana\u00adging Direc\u00adtor BonVen\u00adture Manage\u00adment GmbH, Munich<\/p>\n

Stefan L\u00fclf<\/strong> \u2014 Free\u00adlance Consul\u00adtant BonVen\u00adture Manage\u00adment GmbH, Munich<\/p>\n","protected":false},"excerpt":{"rendered":"

Four years have now passed since an article on venture phil\u00adan\u00adthropy and social venture capi\u00adtal by Prof. Dr. Dr. Achleit\u00adner appeared in the same place. At that time, the scene in Germany was still at the begin\u00adning of its deve\u00adlo\u00adp\u00adment. A lot has happened since then. It is time to take stock. This paper will provide a brief intro\u00adduc\u00adtion to venture phil\u00adan\u00adthropy and the work of finan\u00adcial inter\u00adme\u00addia\u00adries in the social sector, along with lessons lear\u00adned from the first years of prac\u00adtice in Germany.<\/strong><\/p>\n

Defi\u00adni\u00adtion of Venture Phil\u00adan\u00adthropy and Social Venture Capital<\/strong><\/p>\n

Venture phil\u00adan\u00adthropy is the trans\u00adfer of methods from the venture capi\u00adtal indus\u00adtry to the social sector. This means that few projects are inten\u00adsi\u00advely promo\u00adted, not only with finan\u00adcial means but also with network and consul\u00adting. In this context, an enga\u00adge\u00adment is desi\u00adgned to run for a long period of time, during which the impact achie\u00adved by the orga\u00adniza\u00adtion and the use of funds are reviewed. In this way, venture phil\u00adan\u00adthropy differs from the tradi\u00adtio\u00adnal way of working of foun\u00adda\u00adti\u00adons and donor orga\u00adniza\u00adti\u00adons, which often support a large number of small projects for a small period of time \u2014 often without suffi\u00adci\u00adently revie\u00adw\u00ading the use of the dona\u00adti\u00adons. Venture phil\u00adan\u00adthropy can help to iden\u00adtify, promote and further deve\u00adlop good orga\u00adniza\u00adti\u00adons and thus make the best possi\u00adble use of exis\u00adting dona\u00adti\u00adons \u2014 after all, around 4 billion euros annu\u00adally in Germany.<\/p>\n

Social venture capi\u00adtal can be seen as a special case of venture phil\u00adan\u00adthropy (FYB 2007, p. 122 Achleit\u00adner). Here, not only the methods but also the finan\u00adcing instru\u00adments are adopted from the venture capi\u00adtal indus\u00adtry. Instead of focu\u00adsing solely on dona\u00adti\u00adons, custo\u00admi\u00adzed finan\u00adcing is offe\u00adred to social orga\u00adniza\u00adti\u00adons with a combi\u00adna\u00adtion of equity, loans and mezza\u00adnine capi\u00adtal. The aim is to gene\u00adrate a cost-cove\u00adring mini\u00admum return so that the inves\u00adted capi\u00adtal can be used again for social projects after repayment.<\/p>\n","protected":false},"featured_media":41046,"comment_status":"open","ping_status":"closed","template":"","meta":{"wp_typography_post_enhancements_disabled":false},"product_brand":[],"product_cat":[2452,2506,2520],"product_tag":[1848,1852,1853,1855,1857],"class_list":{"0":"post-43956","1":"product","2":"type-product","3":"status-publish","4":"has-post-thumbnail","6":"product_cat-ebook-en","7":"product_cat-fyb-2011-en","8":"product_cat-dr-erwin-stahl-en","9":"product_tag-erwin-steel","10":"product_tag-stefan-luelf-en","11":"product_tag-social-venture-capital-en","12":"product_tag-venture-philantropy-en","13":"product_tag-financial-intermediaries","14":"pa_sprache-english-3","15":"pa_sprache-german","17":"first","18":"outofstock","19":"taxable","20":"shipping-taxable","21":"purchasable","22":"product-type-variable"},"yoast_head":"\nVenture Philanthropy and Social Venture Capital in Germany - An Initial Assessment - FYB Financial Yearbook<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fyb.de\/en\/produkt\/venture-philanthropy-and-social-venture-capital-in-germany-a-first-balance-sheet\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Venture Philanthropy and Social Venture Capital in Germany - An Initial Assessment - FYB Financial Yearbook\" \/>\n<meta property=\"og:description\" content=\"Four years have now passed since an article on venture philanthropy and social venture capital by Prof. Dr. Dr. Achleitner appeared in the same place. 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