It’s been quite the year at New Media Ventures. We are continuously learning a ton about what it takes to finance progressive innovation, and we’re committed to sharing more about what we are learning in 2014.
To date, nonprofits have only received 23% of capital raised through NMV. We decided that was unacceptable.
We launched the NMV Innovation Fund this year as an experiment of sorts– to see if small grants to early stage nonprofits can begin to address this financing gap.
We’ve been overwhelmed by the quality of applicants– it turns out the gap at the early stages could be bigger than we thought. We are proud to be announcing our final slate of grant recipients in early January 2014.
Investors and entrepreneurs have common goals, and a lot to learn from one another, yet often only meet over a financial transaction. We think that needs to change.
50 participants joined the inaugural NMV Summit to nerd out on discussions like “Impact Angel Investment Vehicles” to “Exit Strategies for Progressive Companies.” It was awesome.
So there you have it. Here’s to another year of learning — and doing! — at New Media Ventures.