I recently talked to an MBA student who wanted to start his own business. But his goals involved more than making money – that is, he wanted to do something "good for the world."
From what I can tell, this "social entrepreneurialism" is gaining traction.
And, yes, we are seeing this reflected on the Web. Look at The Point, which operates a group action network. So, if you want to organize fund-raising, a boycott, rallies or anything else, you can leverage the platform.
What's more, The Point just raised $4.8 million from New Enterprise Associates (NEA).
True, the social networking space looks fairly saturated. Yet, I think The Point is a natural for creating strong communities.
The Point's founder and CEO, Andrew Mason, also wrote about the funding in his blog – saying "Hey, we raised a bunch of money!"
He also has a picture of the original business plan, which was put on the back of a napkin.
Tom Taulli is the author of various books, including The Complete M&A Handbook
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