“How do we get the best minds, including young people, working on the biggest problems – poverty, global health, education, energy, and climate change?” Bill Gates posed this question to students at UC Berkeley, Harvard, Stanford, the University of Chicago and MIT on his College Tour back in April of this year.
Most would probably assume that the conundrum lies in financing. The brightest minds have the opportunity to work for the biggest payday. Sure, they could work for a charity on the side, but they have to pay off those student loans somehow. The end result, then, is that the brightest minds work to solve problems for the smallest percentage of humans on the planet – the rich ones. Right?
Wrong.
TechCrunch LA Meetup embraced a social business
Last week I attended the fifth anniversary of my favorite blog, TechCrunch. There were 360 TechCrunch meetups all over the world with over 4,400 individuals in attendance. Hundreds of people signed up to attend the free meetup at Coloft in Santa Monica (there was a hefty wait list). The demo floor was filled with enthusiastic entrepreneurs pitching their start-ups. At the end, one start-up would be chosen as the favorite and win prizes from the event sponsors.
The winner: Inventure Fund: “a micro venture capital fund that empowers businesses to lift their communities out of poverty.” (Join their Summer Fridays fundraising events in LA and NY!)
I’m excited by their win because the bright minds filling the room that night chose poverty alleviation over all of the other amazing technologies presented. The concept itself isn’t necessarily new. Inventure Fund is often compared to Kiva, although it definitely has its own distinct function. I left that meetup confident that the brightest minds are already working on solving the problems of the masses.
Not only did these bright minds vote for good, they do good
While most of the other demos at the meetup don’t aim to do good by directly addressing poverty in developing nations, many have created software that empowers small businesses like yours and mine. They’re busy creating tools that anyone can use to solve problems that used to require huge investments. For example, Stiqr makes it possible for any small business to have an amazing, professional-looking “Web 2.0″ homepage still powered by our favorite blogging platforms like WordPress or Tumblr. They, along with Codeita, were tied for second place in my opinion.
The best part: this is not charity work
These bright minds on the floor that night may be starving a bit now, but their incentive to keep going is the fact that there is money in doing good. I used to think that in order to really become a part of the solution to the world’s most serious problems, I needed to go back to school for a degree in public policy or economics. What could a lowly tech marketer bring to the table? (And still be able to eat?) The answer is simple. Business needs to keep doing what business does best. Solve problems. Meet needs. Find ways to sustain endeavors through for-profit channels. It’s called Social Business.
We’ve all seen how business can wreak havoc on the world when the goal is to put the brightest minds to work puffing up the wallets of a few. But the tables are turned. Social media is on the cutting edge because the basic philosophy is different. We know that in order to succeed in this new world we have to ask our consumers every day: what can I do for you?






Many of my favorite bloggers are talking right now about bold risk-taking and entrepreneurship. This is an especially exciting topic for me because I’m at the very beginning of building my new business. Yesterday I commented on a post by 
