Learning from failures
The European Venture Philanthropy Association (EVPA) has published a new report, Learning from Failures in Venture Philanthropy and Social Investment, that aims to share learning among venture philanthropy practitioners and improve effectiveness in the sector.
Tracking the lessons learned from 12 of their member organisations, including Shell Foundation, it provides a unique insight into the evolution of differing social investment strategies. The report makes a powerful case for the need for “intelligent failure” to drive social innovation, and outlines a diverse set of mitigation strategies to overcome common reasons for failed investments (encompassing changes to organisational structure, investment portfolios and deal execution).
“Within the EVPA community we have encouraged openness about mistakes to learn from each other from the beginning,” said Pieter Oostlander, EVPA Chairman. “This report moves that debate on, by documenting and organising the learnings, and sharing them outside the community. We believe this guide will go a long way to create more transparency and openness around the failures that mark our sector, and to failing smarter in the future.”
You can read the full report here.