To be clear, BetterPartners is not a Not-for-Profit organization. We are a mission-driven, for-profit professional services firm in the sector of social impact and social innovation in China.
The initial funding was crowd-funded by all founders. And I realize that, at certain point of development, we will need more external fundings. As far as I am concerned, we will target philanthropy donors who have extensive private sector experience and expertise, and share the same ambition and passion with us. Given the nature of our business, we will not skyrocket as a tech start-up may experience. Therefore, we are holding back all venture capital investment right now as we think it may not work best for either party.
The backbone of a professional services firm is its expertise, and I believe that is the proof and credibility our funders want to see in our pitch. As for now, the core members of BetterPartners come from diverse business and public sectors and bring in different types of skill sets that have been proven useful in the private sector.
In addition to professional and academic background, I expect that our funders will also look for our network in exisitng social impact and social innovation sector in China. They want to make sure if we have a foundation to further develop our business and network. Other than that, capability of continously recruiting talents, management experience, profitability expectation, and social impact measurement are also on their list, I believe.
The initial funding was crowd-funded by all founders. And I realize that, at certain point of development, we will need more external fundings. As far as I am concerned, we will target philanthropy donors who have extensive private sector experience and expertise, and share the same ambition and passion with us. Given the nature of our business, we will not skyrocket as a tech start-up may experience. Therefore, we are holding back all venture capital investment right now as we think it may not work best for either party.
The backbone of a professional services firm is its expertise, and I believe that is the proof and credibility our funders want to see in our pitch. As for now, the core members of BetterPartners come from diverse business and public sectors and bring in different types of skill sets that have been proven useful in the private sector.
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| Member's Professional & Academic Background |
In addition to professional and academic background, I expect that our funders will also look for our network in exisitng social impact and social innovation sector in China. They want to make sure if we have a foundation to further develop our business and network. Other than that, capability of continously recruiting talents, management experience, profitability expectation, and social impact measurement are also on their list, I believe.
This is a helpful clarification -- that you are for-profit consulting firm aimed at the impact sector. I don't know a lot of history re fundraising for professional services organizations, but I suspect that these tend to be partnerships where the owners are the senior staff. Have you seen models where such organizations have external equity or debt securities?
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