The Social Entrepreneurship Accelerator at Duke - A USAID Development Lab
Connect with us!
  • About SEAD
    • What is SEAD?
    • Our Approach
    • Our Partners
  • The SEAD Innovators
  • SEAD and Students
  • SEAD Knowledge Center
  • SEAD Blog

Straight from Investors' Circle's Best Source, It's Impact Investors

7/12/2016

0 Comments

 
This post by Meredith Martindale and Bonny Moellenbrock originally appeared on Investors' Circle's blog. You can read it here.
Picture
To Michelle Schwartz, an impact investor with a background in the healthcare industry, everything about Investor Days: Nairobi was new – the landscape, the culture, the expectations, and more.
“Since this opportunity, I now realize how valuable it is to hear about people’s experiences who have been there, including their impressions and insights and what they found compelling,”
Schwartz says. To that end, we went straight to our best source – IC members – to seek out their advice for investors who are considering an investment-oriented international trip.

Begin with the end in mind. Luni Libes has coached, mentored, and funded many international entrepreneurs (and even one who we met in Nairobi!) through his Fledge accelerator program, but IC Investor Days: Nairobi was Libes’ first experience in Africa. For someone going on his or her first impact investing trip, Libes suggests having an investment budget in mind before boarding the airplane.

When you focus on what you’ll invest in instead of if you’ll invest, your mindset shifts to possibility. Libes explains,
“This way you are leaning forward into conversations, seeing answers to the question of ‘is this the right investment?’ rather than worrying about all of the added risks of investing in the developing world.”
Before your trip begins, set an intention or create an investing goal.

Anticipate and appreciate cultural differences. A fascinating and fun part of the trip for Libes was to seek out the tiny but meaningful differences in how things work.

“The first of these was on the ride to the hotel from the airport, when the driver ignored the red light, and when asked, said it was just there to ‘make Nairobi pretty.’ Similar assumptions hide in plain sight across all interactions between people from different cultures, with no exceptions for business and investing,” says Libes. Understand that differences in culture transcend into business –exceptional hospitality, unhurried meetings, leisurely tea ceremonies, etc. – and appreciate that this is all part of the experience.

Start building your network on the ground. Stephanie Wilson has made international investments, traveled to East Africa twice, and serves on IC’s Global Health Advisory Board (GHAB). She started her work in Kenya by gathering introductions and building local relationships.

“I’ve learned the importance of tapping into resources in the States and establishing relationships with resources on the ground in East Africa. Before your trip, use local resources like the GHAB. Learn from them. Use them to find out who is on the ground. Then, on your first day, set up lunch and talk with those locals. Let their expertise begin your experience.” Tap your network now, and let referrals be your initial guide.

Be prepared to work together. Wilson focuses on building relationships that lead to collaborating on investments. She suggests investing with other people to better understand early-stage investing, the global health sector, and emerging international markets. Wilson says,
“I learn from local investors, and they learn from me. I learn from other Western investors, and they learn from me. And all together, we are stronger.”
​Collaboration is key – bring in your expertise and leverage the knowledge of those you meet.

Continue learning with us. Wilson is excited for the Global Health Interest Group launch, sharing, “It will be a great resource for people who want to invest, a valuable part of the vetting process, and ultimately, a tool to help move money into East Africa.” Come back next week to read more and register here for the Global Health Interest Group kickoff webinar on July 19th.
0 Comments



Leave a Reply.

    SEAD

    A USAID development lab for scaling innovations in global health.

    Providing social entrepreneurs in global health with the knowledge, systems and networks needed to succeed.

    Archives

    November 2017
    June 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    September 2015
    August 2015
    July 2015
    June 2015
    May 2015
    April 2015
    March 2015
    February 2015
    January 2015
    December 2014
    November 2014
    October 2014
    September 2014
    August 2014
    July 2014
    June 2014
    May 2014
    April 2014
    March 2014
    February 2014
    January 2014
    December 2013
    November 2013
    October 2013
    September 2013
    August 2013
    July 2013
    June 2013
    April 2013
    November 2012

    Categories

    All
    DHT Lab
    DHT-Lab
    Our Partners
    Publication
    Sead And Students
    SEAD Innovators
    Sead In The News
    SEAD In The News
    Sead Students
    SEAD Summit

    RSS Feed

Contact Us
Mailing Address: 100 Fuqua Drive, Box 90120, Durham, NC 27708-0120

Campus Location: SEAD/CASE Suite, W136, Keller West, Fuqua School of Business
@DukeSEAD
info@dukesead.org
The Social Entrepreneurship Accelerator at Duke (SEAD)
A USAID Development Lab for Scaling Innovations in Global Health