I was encouraged to break all the rules but to take the best of philanthropy, the best of investing, and the best of development finance, and experiment with new ways to create this venture capital model of using philanthropy to back patient capital investments, and then build solutions that were measured in terms of the kind of impact and change they were making on people's lives and in the world, not just on the financial return.
Jacqueline NovogratzEntrepreneurs are the seekers of solutions, and that they will go into these places where both market and traditional aid has failed or traditional charity has failed.
Jacqueline NovogratzWhen we deny the poor and the vulnerable their own human dignity and capacity for freedom and choice, it becomes self-denial. It becomes a denial of both our collective and individual dignity, at all levels of society.
Jacqueline NovogratzWhen I first went to Africa, I thought that I was personally going to save the continent, if not the world.
Jacqueline NovogratzWhen it comes to solving problems of poverty, impact investing can act as a catalyst, but it is not a silver bullet. Successful businesses serving the poor need more than investment capital. They also need infrastructure to enable effective distribution, strong regulatory systems, access to markets, technical assistance as they scale up, and more
Jacqueline Novogratz