"Why are we here? I think many people assume, wrongly, that a company exists solely to make money. Money is an important part of a company’s existence, if the company is any good. But a result is not a cause. We have to go deeper and find the real reason for our being."

—David Packard
why impact?

Innovative bottom-up methods will solve many problems that now seem intractable. We believe poverty is among these. Science and technology, powered by the fuel of entrepreneurial energy, are the largest multipliers of resources we have to solve our many social problems.

why we fund for-profit social enterprises

We believe capitalism is a more powerful tool than any non-profit effort. Though occasionally capitalism cannot be applied to a problem, it is applicable to most problems and is the best mechanism to achieve scaled solutions for poverty, healthcare, education and much more.

We believe in the power of ideas and innovation fueled by entrepreneurial energy and good intent. Though this is possible in both for profit and non-profit enterprises, there
is not enough money nor enough people in the non-profit community to drive the scale of the effort needed to solve these problems. Profits can draw capital in and
make scale happen.

Though capitalism has its flaws and the profit motive can lead to goals other than maximization of benefit to the user/customer, in our view it is far better to have the scalability and self-financing of capitalist models than the “good intent” and “purity” of non-profit models and the non-scalability that often comes with them. Doing the things that “feel right” often get in the way of doing them for enough people. We care to maximize impact, not to maintain “purity” wherever possible.

The best human capital is drawn to, and best retained by, profit-making enterprises.We want to leverage that.

We want our entrepreneurs, business partners and employees to create wealth for themselves beyond doing good. We also want to work with people who care about others enough to build large businesses ethically and with a conscience. We believe this is possible and will strive to prove it.