A good investment is based on a dream, on the ability to take risks and most importantly on patience. Patience is especially important when engaging in social entrepreneurship where the value of an investment c... an only be judged over time. As Lisa Lepson draws on her experience as executive director at Joshua Venture Group, she urges philanthropists to make investment decisions that look far in to the future. She argues that where there is a vision and a well thought out plan the investment might be worthwhile even if progress in early years is slow.See lessSee more
The Rest is Commentary
Thomas Friedman of the New York Times describes patient capital as having "all the discipline of venture capital - demanding a return, and therefore rigor in how it is deployed - but expecting a return that is more in the 5 to 10 percent range, rather than the 35 percent that venture capitalists look for."