‘Social’-lingo

Many things have been picking up the ‘social’ modifier lately. Here are some of the ones I’m encountering and what I think they mean.

First, the modifier ‘social’

  • modifies the following word to the focus of serving a social (and/or environmental) benefit

Social-tech

  • technology employed for social benefit (most commonly digital

Social-change

  • concerned generally with societal change and how it happens

Social-innovation

  • innovations and the process of innovating solutions that deliver or enable social change

Social-venture

  • a venture with purpose primarily concerned with delivering social benefit

Social-entrepreneurship

  • concerned with developing and supporting entrepreneurs focused on social change (and primarily social ventures)

Clearly, each of these words describe fields with much activity and research into how they work. Adding the modifier, at best prompts the question of how, when modified, is it different. In my perspective it’s the realization that things aren’t linear – and in fact are ‘chaotic’ – which then calls on the research of systems science and it’s theories on complexity and systems. And it also seems to be best done in an ‘open’ way – or maybe better put – those that are in the depths of doing this stuff tend to do ‘open’… which of course… is another story.

The definitive definitions of venturing!

One of the surprising things that I came out of my latest exploration into the frontiers of venturing and venture investing is a set of definitions. I’m actually not one that likes to debate definitions ad infinitum but I found I needed to clarify things to be able to have meaningful conversations going forward. So here, is what I’ve come up with… for now (I’ll keep updating this definitions as the evolve so feel free to check-back or link here for reference).

  • Venture: An agreement among people to do things in service of a purpose and according to a set of values.
  • Venturing: The process of creating and evolving a venture.
  • Venturer: A person primarily involved in or responsible for venturing.
  • Operator: A person primarily involved in or responsible for operating a venture.
  • Entrepreneur: A venturer that also carries primary responsibility for operating a venture.
  • Frontiers of venturing: The effective limit of conventional approaches to venturing.
  • Frontiers of venture investing: Investing in ventures that are on the frontiers.