Pioneers Post
social investment
  • strict warning: Declaration of context_condition_path::execute() should be compatible with context_condition::execute($value) in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/context/plugins/context_condition_path.inc on line 0.
  • user warning: UPDATE command denied to user '408302_semagad'@'10.187.244.243' for table 'cache_content' query: UPDATE cache_content SET data = 'a:10:{s:10:\"field_date\";a:1:{i:0;a:4:{s:5:\"value\";s:19:\"2012-05-14T00:00:00\";s:8:\"timezone\";s:13:\"Europe/London\";s:11:\"timezone_db\";s:13:\"Europe/London\";s:9:\"date_type\";s:4:\"date\";}}s:12:\"field_source\";a:1:{i:0;a:1:{s:3:\"nid\";N;}}s:17:\"field_story_img_1\";a:1:{i:0;a:10:{s:3:\"fid\";s:4:\"4042\";s:4:\"list\";s:1:\"1\";s:4:\"data\";a:2:{s:3:\"alt\";s:14:\"Jamie Hartzell\";s:5:\"title\";s:14:\"Jamie Hartzell\";}s:3:\"uid\";s:4:\"2355\";s:8:\"filename\";s:38:\"Screen shot 2012-04-25 at 13.22.27.png\";s:8:\"filepath\";s:82:\"sites/default/files/images/stories/images_1/Screen shot 2012-04-25 at 13.22.27.png\";s:8:\"filemime\";s:9:\"image/png\";s:8:\"filesize\";s:6:\"344493\";s:6:\"status\";s:1:\"1\";s:9:\"timestamp\";s:10:\"1335356585\";}}s:25:\"field_story_img_1_caption\";a:1:{i:0;a:2:{s:5:\"value\";s:76:\"<p>Jamie Hartzell interviewed at Hackney&#39;s Corner Cafe, east London.</p>\";s:6:\"format\";s:1:\"2\";}}s:27:\"field_story_img_1_in_teaser\";a:1:{i:0;a:1:{s:5:\"value\";s:1:\"1\";}}s:16:\"field_story_lead\";a:1:{i:0;a:2:{s:5:\"value\";s:1049:\"<p>Start a discussion about business legal structures in the pub and you&#39;ll be met with, at best, bemused stares. Keep returning to the subject and your friends will stop inviting you out. Not so in the world of social enterprise. Instead the issue generates <em>a lot</em> of hot air.</p>\r\n<p>The strange habit of individuals, organisations and lobbies organising themselves around particular legal structures (reserving a special obsession for profit distribution) can be perplexing, concerning and ultimately pretty irratating.</p>\r\n<p>Despite this, constitution matters &ndash; each legal structure is different and has a profound effect on the development of a business.</p>\r\n<p>In the three-minute video below, Jamie Hartzell, founder of ethical investment platform <a href=\"http://www.ethex.org.uk\">Ethex</a>, explains why he chose to make Ethex a non-profit, makes a common sensical defence of non-profit legal structures and &ndash; just for the heck of it &ndash; gives some pragmatic advice on how to go about securing investment.</p>\";s:6:\"format\";s:1:\"2\";}}s:17:\"field_story_quote\";a:1:{i:0;a:2:{s:5:\"value\";s:180:\"<p>Non-profits have become unfashionable but that&#39;s partly due to a fundamental misunderstanding of what it is to be a non-profit.</p>\r\n<blockquote>\r\n<p>&nbsp;</p></blockquote>\";s:6:\"format\";s:1:\"2\";}}s:18:\"field_story_teaser\";a:1:{i:0;a:2:{s:5:\"value\";s:203:\"<p>Jamie Hartzell, founder of ethical investment platform Ethex, lays down some sound advice on dealing with investors and defends the indefensible &ndash; &quot;non-profit&quot; social enterprise...</p>\";s:6:\"format\";s:1:\"2\";}}s:25:\"field_story_related_nodes\";a:2:{i:0;a:1:{s:3:\"nid\";s:4:\"8927\";}i:1;a:1:{s:3:\"nid\";s:4:\"5238\";}}s:17:\"field_story_files\";a:1:{i:0;N;}}', created = 1464435799, expire = 0, headers = '', serialized = 1 WHERE cid = 'content:9324:19584' in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/includes/cache.inc on line 109.
  • strict warning: Declaration of rules_data_type_string::get_default_input_form() should be compatible with rules_data_type::get_default_input_form($variable_info, $value, &$form_state) in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/rules/rules/modules/rules.rules.inc on line 0.
  • user warning: UPDATE command denied to user '408302_semagad'@'10.187.244.243' for table 'cache_filter' query: UPDATE cache_filter SET data = '<p><iframe allowfullscreen=\"\" frameborder=\"0\" height=\"228\" mozallowfullscreen=\"\" src=\"http://player.vimeo.com/video/41001743?title=0&amp;byline=0&amp;portrait=0\" webkitallowfullscreen=\"\" width=\"405\"></iframe></p>\n<p>To watch more from Jamie click the links to find out <a href=\"http://vimeo.com/40998852\">how Ethex works</a> and <a href=\"http://vimeo.com/41004607\">the challenges of managing a consortia of investors</a>.</p>\n<p><strong><em style=\"font-size: 12px; \">If you enjoyed this video, get more like it by signing up for our weekly news bulletin LIVEWIRE&nbsp;<a href=\"http://www.socialenterpriselive.com/section/news/page/livewire-signup\" style=\"font-size: 12px; \" target=\"_blank\">here</a>.</em></strong></p>\n', created = 1464435799, expire = 1464522199, headers = '', serialized = 0 WHERE cid = '2:96e5ba4a69644d03df69c9f69ff1c5f7' in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/includes/cache.inc on line 109.
  • user warning: UPDATE command denied to user '408302_semagad'@'10.187.244.243' for table 'cache_filter' query: UPDATE cache_filter SET data = '<p>Jamie Hartzell, founder of ethical investment platform Ethex, lays down some sound advice on dealing with investors and defends the indefensible &ndash; &quot;non-profit&quot; social enterprise...</p>\n', created = 1464435799, expire = 1464522199, headers = '', serialized = 0 WHERE cid = '2:d100dbc6ebe9d1a1560a31284856f90f' in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/includes/cache.inc on line 109.
  • user warning: UPDATE command denied to user '408302_semagad'@'10.187.244.243' for table 'cache_filter' query: UPDATE cache_filter SET data = '<p>Start a discussion about business legal structures in the pub and you&#39;ll be met with, at best, bemused stares. Keep returning to the subject and your friends will stop inviting you out. Not so in the world of social enterprise. Instead the issue generates <em>a lot</em> of hot air.</p>\n<p>The strange habit of individuals, organisations and lobbies organising themselves around particular legal structures (reserving a special obsession for profit distribution) can be perplexing, concerning and ultimately pretty irratating.</p>\n<p>Despite this, constitution matters &ndash; each legal structure is different and has a profound effect on the development of a business.</p>\n<p>In the three-minute video below, Jamie Hartzell, founder of ethical investment platform <a href=\"http://www.ethex.org.uk\">Ethex</a>, explains why he chose to make Ethex a non-profit, makes a common sensical defence of non-profit legal structures and &ndash; just for the heck of it &ndash; gives some pragmatic advice on how to go about securing investment.</p>\n', created = 1464435799, expire = 1464522199, headers = '', serialized = 0 WHERE cid = '2:7dbc8db713acf2a8c475ce83f5abe612' in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/includes/cache.inc on line 109.
  • user warning: UPDATE command denied to user '408302_semagad'@'10.187.244.243' for table 'cache_filter' query: UPDATE cache_filter SET data = '<p>Non-profits have become unfashionable but that&#39;s partly due to a fundamental misunderstanding of what it is to be a non-profit.</p>\n<blockquote><p>&nbsp;</p>\n</blockquote>\n', created = 1464435799, expire = 1464522199, headers = '', serialized = 0 WHERE cid = '2:1cd64476d8c222ef61504382d22bbd5e' in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/includes/cache.inc on line 109.
  • user warning: UPDATE command denied to user '408302_semagad'@'10.187.244.243' for table 'cache_filter' query: UPDATE cache_filter SET data = '<p>Jamie Hartzell interviewed at Hackney&#39;s Corner Cafe, east London.</p>\n', created = 1464435799, expire = 1464522199, headers = '', serialized = 0 WHERE cid = '2:fcd6504d8d77cd377b04a88364da82d3' in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/includes/cache.inc on line 109.
  • strict warning: Declaration of context_condition_node::execute() should be compatible with context_condition::execute($value) in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/context/plugins/context_condition_node.inc on line 0.
  • strict warning: Only variables should be passed by reference in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/date/date/date.theme on line 255.
  • strict warning: Only variables should be passed by reference in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/date/date/date.theme on line 260.
  • strict warning: Only variables should be passed by reference in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/date/date/date.theme on line 261.
  • strict warning: Only variables should be passed by reference in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/date/date/date.theme on line 255.
  • strict warning: Only variables should be passed by reference in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/date/date/date.theme on line 260.
  • strict warning: Only variables should be passed by reference in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/date/date/date.theme on line 261.
  • strict warning: Declaration of context_condition_menu::execute() should be compatible with context_condition::execute($value) in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/context/plugins/context_condition_menu.inc on line 0.
  • user warning: UPDATE command denied to user '408302_semagad'@'10.187.244.243' for table 'cache_menu' query: UPDATE cache_menu SET data = 'links::tree-data:5d6d3aaaaef5fba302ce62698fa37bbe', created = 1464435799, expire = 0, headers = '', serialized = 0 WHERE cid = 'links::page-cid:node/9324:1' in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/includes/cache.inc on line 109.
  • strict warning: Declaration of context_reaction_debug::options_form() should be compatible with context_reaction::options_form($context) in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/context/plugins/context_reaction_debug.inc on line 0.
  • strict warning: Declaration of context_reaction_block::execute() should be compatible with context_reaction::execute() in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/context/plugins/context_reaction_block.inc on line 0.
  • strict warning: Non-static method view::load() should not be called statically in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/views/views.module on line 879.
  • strict warning: Declaration of views_handler_filter::options_validate() should be compatible with views_handler::options_validate($form, &$form_state) in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/views/handlers/views_handler_filter.inc on line 0.
  • strict warning: Declaration of views_handler_filter::options_submit() should be compatible with views_handler::options_submit($form, &$form_state) in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/views/handlers/views_handler_filter.inc on line 0.
  • strict warning: Declaration of views_handler_filter_boolean_operator::value_validate() should be compatible with views_handler_filter::value_validate($form, &$form_state) in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/views/handlers/views_handler_filter_boolean_operator.inc on line 0.
  • strict warning: Declaration of views_handler_filter_term_node_tid::value_validate() should be compatible with views_handler_filter::value_validate($form, &$form_state) in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/views/modules/taxonomy/views_handler_filter_term_node_tid.inc on line 0.
  • strict warning: Declaration of views_plugin_style_default::options() should be compatible with views_object::options() in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/views/plugins/views_plugin_style_default.inc on line 0.
  • strict warning: Declaration of views_plugin_row::options_validate() should be compatible with views_plugin::options_validate(&$form, &$form_state) in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/views/plugins/views_plugin_row.inc on line 0.
  • strict warning: Declaration of views_plugin_row::options_submit() should be compatible with views_plugin::options_submit(&$form, &$form_state) in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/views/plugins/views_plugin_row.inc on line 0.
  • strict warning: Non-static method view::load() should not be called statically in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/views/views.module on line 879.
  • strict warning: Declaration of views_handler_argument::init() should be compatible with views_handler::init(&$view, $options) in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/views/handlers/views_handler_argument.inc on line 0.
  • strict warning: Non-static method view::load() should not be called statically in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/views/views.module on line 879.
  • user warning: UPDATE command denied to user '408302_semagad'@'10.187.244.243' for table 'cache_menu' query: UPDATE cache_menu SET data = 'links:menu-common-staff-task:tree-data:eb9e658f729183f594e8315d743be9ac', created = 1464435799, expire = 0, headers = '', serialized = 0 WHERE cid = 'links:menu-common-staff-task:page-cid:node/9324:1' in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/includes/cache.inc on line 109.
  • user warning: UPDATE command denied to user '408302_semagad'@'10.187.244.243' for table 'cache_menu' query: UPDATE cache_menu SET data = 'links:primary-links:tree-data:ec9d1f244fad5ced3f9540e6663a5870', created = 1464435799, expire = 0, headers = '', serialized = 0 WHERE cid = 'links:primary-links:page-cid:node/9324:1' in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/includes/cache.inc on line 109.
  • strict warning: Non-static method view::load() should not be called statically in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/views/views.module on line 879.
  • strict warning: Declaration of date_handler_field_multiple::options() should be compatible with views_object::options() in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/date/date/date_handler_field_multiple.inc on line 0.
  • strict warning: Declaration of views_handler_filter_node_status::operator_form() should be compatible with views_handler_filter::operator_form(&$form, &$form_state) in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/views/modules/node/views_handler_filter_node_status.inc on line 0.
  • strict warning: Non-static method view::load() should not be called statically in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/views/views.module on line 879.
  • strict warning: Non-static method view::load() should not be called statically in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/views/views.module on line 879.
  • strict warning: Non-static method view::load() should not be called statically in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/views/views.module on line 879.
  • strict warning: Non-static method view::load() should not be called statically in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/views/views.module on line 879.
  • user warning: UPDATE command denied to user '408302_semagad'@'10.187.244.243' for table 'cache_menu' query: UPDATE cache_menu SET data = 'links:menu-info:tree-data:57b24e4b72c4f4db84bd93dd0a2a4fb0', created = 1464435799, expire = 0, headers = '', serialized = 0 WHERE cid = 'links:menu-info:page-cid:node/9324:1' in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/includes/cache.inc on line 109.
  • user warning: UPDATE command denied to user '408302_semagad'@'10.187.244.243' for table 'cache_menu' query: UPDATE cache_menu SET data = 'links:menu-services:tree-data:341a054f1ea1f368661d566821f7b278', created = 1464435799, expire = 0, headers = '', serialized = 0 WHERE cid = 'links:menu-services:page-cid:node/9324:1' in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/includes/cache.inc on line 109.
  • user warning: UPDATE command denied to user '408302_semagad'@'10.187.244.243' for table 'cache_menu' query: UPDATE cache_menu SET data = 'links:menu-footer-menu:tree-data:40812f47fac677eccd4c786f4214339a', created = 1464435799, expire = 0, headers = '', serialized = 0 WHERE cid = 'links:menu-footer-menu:page-cid:node/9324:1' in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/includes/cache.inc on line 109.

In defence of non-profits

14 May 2012
Jamie Hartzell

Jamie Hartzell interviewed at Hackney's Corner Cafe, east London.

Non-profits have become unfashionable but that's partly due to a fundamental misunderstanding of what it is to be a non-profit.

 

Start a discussion about business legal structures in the pub and you'll be met with, at best, bemused stares. Keep returning to the subject and your friends will stop inviting you out. Not so in the world of social enterprise. Instead the issue generates a lot of hot air.

The strange habit of individuals, organisations and lobbies organising themselves around particular legal structures (reserving a special obsession for profit distribution) can be perplexing, concerning and ultimately pretty irratating.

Despite this, constitution matters – each legal structure is different and has a profound effect on the development of a business.

In the three-minute video below, Jamie Hartzell, founder of ethical investment platform Ethex, explains why he chose to make Ethex a non-profit, makes a common sensical defence of non-profit legal structures and – just for the heck of it – gives some pragmatic advice on how to go about securing investment.

To watch more from Jamie click the links to find out how Ethex works and the challenges of managing a consortia of investors.

If you enjoyed this video, get more like it by signing up for our weekly news bulletin LIVEWIRE here.

Related