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I co-founded Raisely, we’re a social enterprise. Impact is baked into our constitution, we report on it before profit, we restrict who can use our SaaS and we’r
by tommaitland 6y ago
I co-founded Raisely, we’re a social enterprise. Impact is baked into our constitution, we report on it before profit, we restrict who can use our SaaS and we’re a bcorp. I wouldn’t call it “riding a wave” or just “talk” - it’s just genuine global citizenship.
- elliekelly 6y agoHave you taken any investors? If so was the bcorp an issue?
- tommaitland 6y agoNo haven’t raised yet (haven’t needed to), but have spoken to VCs. Being a bcorp hasn’t ever been mentioned as an issue.
- peridotoak 6y agoI've just checked your site out, I really like that you offer core services for free and then up-sell on marginal services! I'm curious -- who do you report the impact to, and how? Is there a framework in how you went about pricing to balance the profit-motive and the impact-motive?
- tommaitland 6y agoThere isn’t much around to govern social enterprises, so we don’t have much of a framework. We report impact regularly internally (it’s in dashboards the whole team has access to) and through the B-Corp certification we get assessed in detail every few years. Our staff hold us to account, more than our customers or the law. For us we found a mechanism where benefit and profit are aligned, and I think most good social enterprises have done the same. That’s to say that the more impact we have, the healthier we are on classic business metrics.
- _oliverking 6y agoCan you tell me a little more about the mechanism you found? I'm understanding it as your staff holding to you account -- how do these conversations typically go?