Introducing KidThrive.org + OneSeventeen Media
Post by Beth Carls, CEO, OneSeventeen Media & Co-Founder, KidThrive.org
As committed social venture entrepreneurs, the founders of OneSeventeen Media, Inc. recently made a strategic decision to operate two entities; the existing for-profit business (OneSeventeen Media) and a new, openly funded nonprofit organization (KidThrive.org), each operating independently and pursuing their own unique mission. This type of collaboration today is called a hybrid enterprise.
The term “hybrid” may sound familiar. While Wikipedia describes hybrid as “the combination of two or more different things, aimed at achieving a particular objective or goal” the word has context in mythology and iconography, biology, etymology, transportation, music, culture, computers and electronics, finance, sports and even video games.
Most of us probably think of cars when hearing the word hybrid. However, in this context, none of the above apply. The hybrid I’m referring to has to do with a new business trend for socially responsible entrepreneurs to use as their operational structure.
I recently spoke with Priya Haji, co-founder of World of Good, Inc. and WorldofGood.org – IMHO, a model example of how hybrid enterprises work best. WorldofGood.org works for industry-wide changes for alleviating global poverty. World of Good, Inc. partially funds the work of the nonprofit through founder’s equity, a percentage of annual profits, and periodic company-sponsored fundraisers and events. Unlike other hybrid-enterprises, however, WorldofGood pursues independent funding for its work through private and corporate foundations and individual grants.
We are committed to and believe this new paradigm of a hybrid enterprise is one that supports a more dynamic, interactive and new economy era model. KidThrive.org + OneSeventeen Media will reinforce the overarching goal of large-scale research, development and implementation of responsible and measurable social media tools that help our youth survive and thrive their developmental and growing up years.
Entry filed under: Business, Doing Good, KidThrive.org, News, OneSeventeen Media, Opportunities, Relationships. Tags: Beth Carls, hybrid enterprise, KidThrive.org, nonprofit for-profit, OneSeventeen Media, Priya Haji, sxsw, sxswi, The Hybrid Enterprise: A Tool for Visionary Entrepreneurs, World Of Good.