Author: Case Foundation

7 Fearless Founder Podcasts to Listen To

Posted on by Case Foundation

Everyone loves a good success story, and entrepreneurs tend to have especially fascinating ones. The road to success rarely goes in a straight line; rather, most successful people have encountered quite a few failures and obstacles along the way.  

Learning from these challenges and failing forward is what often leads to breakthroughs. As our Be Fearless principles state, making big bets, failing forward, trying brave experiments, working with unlikely partners and letting urgency conquer fear can be the keys to success for entrepreneurs.

Being fearless isn’t always easy. But seeing stories of fearless entrepreneurs who have braved the path before can be the inspiration capital needed for aspiring entrepreneurs to begin to build their businesses. That’s why telling the stories of entrepreneurs from all backgrounds, and lifting up role models whose stories are not told as frequently in mainstream entrepreneurship coverage, is so important. Our #FacesofFounders campaign has brought together stories of entrepreneurs across race, place and gender, what they struggle with, what they’re building and why inclusivity makes entrepreneurship even stronger. We also regularly share stories of those changing the narrative of who is and can be entrepreneurs in our weekly newsletter, Breaking Good.

But sometimes hearing—not just reading—stories can be uniquely powerful. So, we asked the Case Foundation team to share some of their favorite stories of entrepreneurship, as told by podcasts. While there are many great stories out there, we compiled a list of nine podcast episodes of entrepreneurs who each stand out in a different way. Read on to learn about some of the founders who inspire us and remind us to Be Fearless.


Spanx—Sara Blakely on NPR’s “How I Built This”

Sara Blakely’s story starts with selling fax machines and ends with her becoming the youngest self-made female billionaire in the US. But her journey to get there may be less well-known. She launched Spanx with the money in her savings after seeing a need for an undergarment that incorporates the control top feature of pantyhose without the legs of pantyhose.

Blakely’s journey gathering support from manufacturers, patent attorneys, buyers and even Oprah is an inspiring one for women founders pitching unique and disruptive products. The story of how she convinced a Neiman Marcus buyer to work with her is also a funny reminder that unconventional methods can sometimes be the most effective ones.  

Be Visible—Andrea Guendelman, on Backstage Capital’s “Mission and Values”

As fans of Inclusive Entrepreneurship, we loved hearing about the journey of Andrea Guendelman, who co-founded Be Visible. Recognizing a lack of available professional mentoring and networking resources for Latinx professionals, she built Be Visible as a professional social network for the group.

Throughout the podcast, Andrea breaks down the underlying barriers that separate Latinx professionals from many opportunities available to the wider population. She talks about the group’s unique needs and how Latinx Millennials specifically can be supported and encouraged to be engaged and connected citizens. She also has an interesting backstory that crosses countries and industries before launching Be Visible. Listen through the end to hear about where the platform is going and which big client Be Visible just landed.


Hamdi Ulukaya—Chobani, on Fast Company’s “Innovators Uncensored”

For a lesson in humble beginnings, hard work and compassionate leadership, listen to Fast Company editor, Robert Safian’s interview with Hamdi Ulukaya, Founder and CEO of Chobani. Ulukaya’s path to success was untraditional, to say the least. He started in a closed down factory in a small town in upstate New York, working with a team of just five people and had no prior formal business, marketing or managing experience.

What was the first thing his team did after opening the factory? It’s not what you’d expect, but Ulukaya’s story bucks tradition from the beginning and you have to tune into to hear it straight from Ulukaya. After Chobani’s massive success, Ulukaya shares how he didn’t let success go to his head, how he has sought to stay accountable to his employees and how he doesn’t shy away from wider issues, like the refugee crisis. Listen to the interview to hear him tell the story of two refugees (of the 600 he’s hired) who found success working for Chobani. Ulukaya’s story is the story of a leader rebelling against assumptions about how businesses are run and putting purpose at the center of his business.  

Capway—Sheena Allen, on “VC Cheat Sheet”

Sheena Allen took a non-traditional route to entrepreneurship, launching Capway, a Financial Tech company, from rural Mississippi. Allen talks about her journey to launching the FinTech company, which serves different groups of financially underserved consumers and talks about the unconscious bias that she had to overcome to succeed.  

The ‘aha’ moment that led to her launching Capway came in a grocery store, where she saw a long line of people waiting to cash their checks. Through more research, Allen identified the massive gap in financial services for unbanked and underbanked populations—which leads to people cashing checks at nontraditional financial institutions, like grocery and convenience stores. Despite there being a huge market to serve this community, gaining support from investors was a challenge. Allen shares how she’s been able to find success and find the right investors to work with. And she holds nothing back, giving very direct advice to women and other underrepresented entrepreneurs looking to build support and sharing her advice on how to ask for help the right way. Listen to her story for insight into the experience of an entrepreneur building support for a service for underrepresented consumers.


Radio One—Cathy Hughes, on NPR’s “How I Built This”

For some serious entrepreneurial inspiration, you’ll want to listen to Cathy Hughes’ journey to radio success, which involves a fair share of bumps in the road along the way. As a young, single mom, Hughes moved from Omaha, Nebraska to Washington, DC to help launch the radio station at Howard University. She found success there by creating shows that catered to underrepresented communities in DC, but her journey didn’t stop there.

Hughes’s path to becoming a media mogul takes unexpected twists and turns, including a stint of living with her son in the young, struggling radio station she bought. Her story of navigating entrepreneurship, motherhood, success and expansion as a female founder of color is interesting for so many reasons; from the creative to the financial to the personal.

Coss Marte—ConBody, on Gimlet Media’s “Start Up”

Part 1 and Part 2
This is a story about second chances. Coss Marte is an ex-convict who spent four years in prison for selling drugs. Fast forward to today and he’s running a successful fitness business, ConBody.  

The inspiration for the company came while Marte was still in prison. Dealing with health problems and the confinement of prison, Marte developed his own workout routines that could be done in small spaces and without weights, and he helped other inmates do the same. In the podcast, Marte shares his story building up a customer base, battling negative perceptions and making sure to hire fellow ex-convicts, who struggle to get jobs after leaving incarceration. The podcast begins and ends with Marte and his cofounder, Jenn Shaw going to a pitch competition where they’re starkly reminded how much they stand out; he being Latino and Shaw being a woman among a crowd of mostly white, Ivy league grads. The story of his journey there, and the results of the pitch competition, will inspire and surprise you.


Mariam Naficy—Minted, on “Masters of Scale with Reid Hoffman”

Mariam Naficy is a two-time founder who launched both her companies in uncertain times. She started with Eve.com, the first major online cosmetics seller, which she launched in the late 90’s, a time when the future of the internet was unclear. In fact, to obtain the domain name, she actually had to make a deal with a very powerful five-year-old by the same name. From there, Eve.com raised $26 million in its first year and continued to scale rapidly until she sold the company in 2000.

After moving on from Eve, Naficy moved on to her next venture, Minted, an online stationary store. In this episode, she shares her challenges raising venture capital as a mom entrepreneur, and launching a company in 2008, at the height of a financial crisis. Minted would go on to raise $89 million in Venture Capital and ship to 70 million households, but along the way, Naficy faced a lot of teachable failures, which she shares with listeners.

We hope these podcasts inspire you as much as they have our team. For some more #BeFearless inspiration, check out our Be Fearless hub, and to learn more about how we’re championing entrepreneurship for all through inspiration capital and more, check out our Inclusive Entrepreneurship page and #FacesofFounders series.

This Month in Social Good

Posted on by Case Foundation

February may be the shortest month of the year, but this February was packed with news in the world of social innovation. In particular, we saw new data, stories and perspectives brought forward in the world of Inclusive Entrepreneurship that we’d like to reflect on and use to power the movement. I spent some time rereading our weekly Case Foundation Breaking Good newsletter to gauge some of the conversation around supporting diverse entrepreneurs this month. Here are some of the articles and trends that stood out to me: 

Black History Month is a reminder to uplift Black entrepreneurs—past and present

Every day is a great day to celebrate the achievements of groundbreaking innovators in history and the people who are carrying on their legacies and building their own. But as Black History Month comes to a close, we’re given a renewed commitment to uplift the stories of Black entrepreneurs—sharing both the contributions they bring and the unique challenges they face. 

With that in mind, we were inspired by reflections from successful Black entrepreneurs on how they succeeded in a world filled with barriers designed to stifle their progress. One of the Be Fearless quotes that stood out came from Urban One founder, Cathy Hughes: 

“[Don’t] let anyone convince you that your dream, your vision to be an entrepreneur, is something that you shouldn’t do. What often happens is that people who are well meaning, who really care for us, are afraid for us and talk us out of it.” 

There’s a glaring gap for women entrepreneurs

As reports highlighting data on entrepreneurship from 2017 begin to come out, the statistics on women entrepreneurs are disheartening, to say the least. According to Pitchbook, businesses with all-women founding teams received just 2.2 percent of all venture capital in 2017. Teams with a mix of genders received just 12 percent, and a whopping 79 percent of venture capital went to all-male teams (the remaining 7 percent was unreported). 

To change these numbers, there isn’t an easy fix. We know where we can start—more women launching businesses, more women in venture capital, fewer cases of bias at the hands of investors—but none of these alone will solve the problem. Partners are stepping up across industries to build solutions together that will collectively challenge the systemic biases that affect how opportunity is distributed in our culture. Data and storytelling can play major role in that, which brings us to our next trend. 

We need to support data and storytelling on underrepresented innovators

Sherrell Dorsey is doing just that. Dorsey founded a daily newsletter called ThePLUG to report on founders, investors and innovators of color. This month, she talked to Vice about the need for more data on Black entrepreneurs. This is one of the many great points she made: 

“A lot of times, especially in the black community, when you look at entrepreneurship, there’s been very little data collection—like, the kind of businesses we’re creating, the kind of problems that we’re solving. (…) A lot of times investors are looking for patterns in data, so when that information is not shared in public, you get a knowledge gap.” 

To extrapolate out from what Sherrell is saying, if investors don’t have the data they are used to having when making investment decisions, they are less likely to fund initiatives. Therefore, having a more robust dataset on Black entrepreneurship could help spark solutions across the board. That’s something we’re working towards as we champion inspiration capital as a core part of our Inclusive Entrepreneurship work. By uplifting the stories of underrepresented entrepreneurs—stories that share both their challenges and their unique insights—we’re hoping to change widespread assumptions about who is and can be a talented entrepreneur. 

Entrepreneurship can flourish across in all communities across the U.S.

Another widespread assumption about entrepreneurship we’re working to challenge is the notion that Silicon Valley is the only great place to launch a company. Fortunately, that idea is being challenged by entrepreneurs, investors and ecosystem builders across the country. We loved hearing about how Kela Ivonye, founder of connected delivery storage service, MailHaven found Louisville Kentucky, not Silicon Valley to be the best place to build the company.  

On the ecosystem side, we’ve been inspired by news about places like Raleigh, where a program is helping formerly incarcerated individuals pursue entrepreneurship. In the Midwest, a variety of organizations are working to support the region’s female entrepreneurs. And in New York, three of the city’s major banks announced plans to give a combined $40 million to programs supporting women and entrepreneurs of color there.  

This month, Engine also interviewed an ecosystem builder in Colorado as part of an ongoing series we love, #StartupsEverywhere, where the outlet talks to the people building entrepreneurial ecosystems across the country. And this week’s Kauffman Foundation newsletter poses important questions on how we can build inclusive ecosystems, including a powerful video by Melissa Bradley on her experiences as an entrepreneur, investor and ecosystem builder. 

From celebrating past and present Black entrepreneurs and leaders, to building solutions for female founders, to tackling the data gap, to highlighting innovation everywhere—leaders in the world of Inclusive Entrepreneurship are getting to work. The stories we’ve seen this month inspire us and we can’t wait to read and share even more of these informative and inspirational stories. To learn more, sign up for our newsletter, Breaking Good. 

Is there anything we missed this month? Tell us about your favorite social good story you saw in February! 

What to Look for During the Olympics

Posted on by Case Foundation

Soon, the XXIII Olympic Winter Games will begin in PyeongChang, South Korea. From February 8th through the 25th, we’ll witness athletes come from across the globe to show their skills in 15 different sports. Full of competition and camaraderie, every two years, the Olympics become the culmination of hard work and sport, with eyes from all around the world watching to see which countries’ athletes hoist their home flags and bring home the gold.

But with each event I watch, year after year, I find myself extraordinarily impressed with the personal stories of fearlessness that I see in athletes from all over the world. They come from everywhere, from different backgrounds and stories, overcoming adversity in the hopes to live out their greatest dreams.

Take, for instance, the examples of fearlessness we see every day from Olympians, inside and outside of competition:

Kelly Clark

Veteran snowboarder Kelly Clark has already broken another record before she has even started to compete in PyeongChang. The 34-year-old has hit a milestone of being the first U.S. snowboarder to compete in five Olympic games. But the high of holding the title for the most decorated Olympic snowboarder coincided with the lowest point of her career, crashing at the 2015 X Games in Norway and having to recover from possible career-ending injuries.

It’s not unheard of for athletes to get injured once in a while. But that fall was different from all the others. She had torn her hamstring from the bone and tore the cartilage that kept her femur in her hip joint. That meant going through surgery for repair and then a year of recovery time, a kind of injury difficult for any person, let alone Kelly, the winningest athlete in snowboarding history.

She spent a month in bed with her feet bound together. She had to re-learn how to walk. Months off snow meant that she would have to come back and work harder than ever to make up for all that lost time. But for a determined individual like her—one who refused to let the injury define her career by ending it—the answer was as clear as ever: recover, train and compete not just to win, but to inspire others. As another Olympics loomed, Kelly felt a sense of urgency that helped conquer her fears of being defined by her injury rather than her skill.

By qualifying for the 2018 Olympics, she showed everyone around her what she is made of. Before, Kelly already made big bets and made history, but now in PyeongChang, it’s time to demonstrate how she’s evolved. These games will bring new tests as she goes up against athletes half her age, but Kelly stays motivated by keeping things in perspective and above all else, resolving to boldly keep progressing.

Akwasi Frimpong

The story of Akwasi Frompong begins in Ghana, where he was born. He, and his eight other siblings, were raised by his grandmother. His mother had gone to the Netherlands in order to find a better life for her family. At age eight, he followed her there, but with undocumented immigrant status. That status provided difficulties through the years, as Akwasi found trouble getting into schools as he grew older.

It was the Johan Cruyff Institute that took a chance on the young man. Akwasi was admitted into a program that allowed him to excel in academics and sport all at once. It was there that he began running, earning the name “GoldenSprint” and winning the award for International Student-Athlete of the Year.

But an achilles injury would put his competitive dreams on hold. His immigration status meant that Akwasi wouldn’t be able to find timely medical attention, and, unable to fully recover, the injury would keep him from running for almost three years.

Approached by the Dutch Olympic bobsled coach, Akwasi reached beyond his bubble and decided to take a chance at something brand new. Thirteen years after arriving in the Netherlands, he had become a naturalized citizen and could compete. Believing that the Olympics were a symbol of hope, he joined the team with Sochi 2014 in sight. However, he positioned as second alternate and barely missed the cut.

Unwilling to give up his Olympic aspirations, Akwasi was determined to fail forward, pivoting once again, this time training in skeleton. He founded the first Ghana Bobsled and Skeleton Foundation, and—turning 32 during the games this year—will compete in PyeongChang as the first ever skeleton athlete from Ghana in the Winter Olympics.

By constantly making big bets, Akwasi hopes to make history as the first person to win an Olympic gold medal for the country where he was born.

“What you need for success is already planted deep down inside of you. The root of your success starts in believing in yourself, then it is nurtured with a positive attitude, and then hard work and persistence will bring your success to reality.”
— Akwasi Frimpong

Mikaela Shiffrin

Mikaela Shiffrin has won three straight World Cup titles. The New Yorker called her the best slalom skier in the world. She’s the youngest woman in U.S. history to win a World Championship, and four years ago, she became the youngest person in history to win an Olympic gold in slalom at just 18 years of age.

Her age would tell you that she’s only at the start of her career, but with over 40 World Cup wins under her belt already, anyone can tell that she’s on her way to skyrocketing well beyond that. For context, phenom Lindsey Vonn only had seven career wins at the same age.

But like all of us, Mikaela has her share of challenges. Her achievements don’t come easy, and just weeks before the next Olympic games, she’s coming off of very public falls. As the opening ceremony for PyeongChang quickly approaches, Mikaela is bouncing back from late January failings, where she was unable to finish two World Cup races in a row, falling in one and missing a gate completely in another. For the successful athlete, it was the first time in six years that happened.

But like any fearless actor, Mikaela can make failure matter. With the heavy pressure of the Olympics looming, I’m hoping this bold athlete will fail forward, learning from these mistakes and using them as fuel to propel her Olympic dreams. Mikaela has been favored to win three medals this year, and I hope that she won’t let these recent speedbumps deter her from taking home the gold. And judging by what we see from her in this #BestofUs ad from Comcast NBC Universal, I have a feeling we’ll see big things from her:

https://youtu.be/LzgaqQFzYkI

These Olympians exemplify the Be Fearless principles the Case Foundation celebrates both in individuals and organizations everywhere. So, as you watch the 2018 Winter Olympic games, think about these athletes, and their fearless stories, as they continue to make big bets and make history, and hopefully provide some inspiration along the way.

New Year’s Resolution: Invest With An Eye On Impact

Posted on by Case Foundation

The past decade of growth in Impact Investing movement has been impressive. More investors, entrepreneurs, corporations, foundations and non-profits are investing with the intention of generating both financial and social returns than ever before, and we have seen interest in the subject soar. Yet it is still early days and impact investing has a long way to go. As such, we have many investors circling around impact investing, looking for ways to “stick their toe in the water” and experiment before they make a substantial commitment. If you are in this crowd and are thinking that your New Year’s resolution should be to step up your commitment to maximize profit and purpose and learn more about impact investing, we have created a number of resources to help you. None provide investment advice. Instead, they give you the tools to learn about impact investing, inform your research and be well informed as you contemplate investing with your values in mind.

The Short Guide to Impact Investing: This guide lays out the basic principles and examples of impact investing across the field. The guide’s content reflects crowd-sourced wisdom from dozens of our partners in the space. We kept it short and, we hope, fun to read. We developed a flexible framework and a simple taxonomy to help people get their arms around what impact investing means. Case studies and examples of organizations and investors will help illustrate how to create meaningful, measurable impact.

Impact Investing Network Map: Those inside impact investing and those new to the field often ask “who makes impact investments, and what do they look like?” That is why the Case Foundation built the Impact Investing Network Map. The Network Map demonstrates the publicly available transactions between investors and companies within impact investing. We believe that by bringing the connections between actors to life—looking specifically at the investments that connect them—we can foster a better understanding of the size, breadth, depth and, importantly, the enormous potential of this field. The Network Map is not intended as a diligence tool, but instead offers a way to view the ecosystem more broadly based on data sets made available in the sector.

Finally, it is important to acknowledge and celebrate the pivotal milestones that have led us to today, and to better understand the experiences and lessons learned from pioneers in the field. To celebrate 10 years of growth in the sector, and to highlight these key moments, we put together an interactive timeline. The timeline looks back at the last decade of growth in impact investing, and spotlights the many investors, entrepreneurs and leaders who jumped in and propelled it forward. The moments captured on this timeline are just some of the activities that have helped to shape the ecosystem we have today, but they bring to light the importance of distinct actions that have created opportunities for others and how the movement has progressed in key areas like intentionality, measurement and transparency. While celebrating the progress made over the past decade, the timeline also shows the promise the future holds for impact investing.

As I wrote earlier this year, we believe that forces are at play that demonstrate a promising future for impact investing. A wider and wider range of actors are jumping in, leading others who historically remain on the sidelines to start to explore impact investing allocations. We see Millennials and women playing a greater role in the next decade around how wealth might be deployed with purpose in mind, but we also see continuing momentum from all sectors of the market. Relatedly, we also see a growing number consumers are using their voices, their dollars and their careers to have impact, as well.

While these signs give us hope, there is much more to be done to keep the momentum going. And that is why we are reaching out to those of you looking to learn more about impact investing in 2018, offering the resources you need to learn more about this exciting field. To those new to the movement, we want to welcome you to impact investing! We look forward to you joining a community committed to putting investment dollars to work in the pursuit of profit and purpose.

The Best Newsletters for Philanthropy News

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The world of philanthropy is always evolving, and our team is inspired each day by the tremendous giving that is taking place across the globe. From families and entrepreneurs lining up to give a majority of their wealth away through the Giving Pledge, to the boom of online giving platforms being modernized and democratized, to open source emerging as a new form of  philanthropy, there’s a lot to keep up with and celebrate. The many advances in the practice of giving back have opened the doors for new givers, both large and small, who are supporting nonprofits that are changing the world.

At the Case Foundation, we want to empower people to use their time, their talents and their treasures, and the first step to doing so is understanding the field. We are often asked how we stay up-to-date on the news across the sector, so we’ve compiled a list of newsletters we read each week that will bring you up to speed on all things philanthropy.

  1. Philanthropy News Digest from Foundation Center is a weekly news digest of the top philanthropy news. Sign up here.
  2. Inside Philanthropy has the top news in who’s funding what, and expert commentary on the philanthropy world. Sign up here.
  3. Future of Philanthropy from Fast Company has weekly updates on the individuals, groups, ventures and tactics leading the way in philanthropy. Sign up here.
  4. Philanthropy Today from the Chronicle of Philanthropy is a daily roundup of the news in the nonprofit world. Sign up here.
  5. The NPQ Newswire from Nonprofit Quarterly has a rundown of the latest events and trends on fundraising, philanthropy, nonprofit board governance and nonprofit management. Sign up here.
  6. SSIR Now is Stanford Social Innovation Review‘s weekly roundup of their top news stories covering the world of social change. Sign up here.
  7. Emerging Practitioners in Philanthropy’s newsletter covers philanthropic, foundation and changemaking news with a focus on the next generation of innovators. Sign up here.
  8. Causeartist shares news in social impact with a focus on socially conscious consumerism. Sign up here.
  9. The Daily Good is a daily digest from Good Magazine that shares the top news geared towards next generation conscious consumers. Sign up here.

With these great newsletters, you can be better informed as a practitioner and as a philanthropist just by checking your email. And if you’re interested in the news on our other movements, check out my roundup of Inclusive Entrepreneurship and Impact Investing newsletters.

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