This is going one step ahead of Kiva and DonorsChoose.org. While these allows you to keep track of your investments in non-profits or social entrepreneurs, Socialmarkets.org plans to create a whole system of quantitatively tracking how much social good each non-profit is generating, and create an online stock market on that! Here is another story on the startup:
The main idea is best captured by these lines- Three things are needed for such a philanthropic marketplace to work:
First, there must be something for philanthropists to ‘invest’ in—something that, ideally, will be created by ‘social entrepreneurs’, just as in the for-profit world entrepreneurs create companies that end up traded on the stockmarket.
Second, the market requires an infrastructure, the philanthropic equivalent of stockmarkets, investment banks, research houses, management consultants and so on….
Third, philanthropists themselves need to behave more like investors. That means allocating their money to make the greatest possible difference to society's problems: in other words, to maximise their ‘social return’.
I am currently a Phd candidate in Bioinformatics at University of California San Diego. I am from Bharatpur in Rajasthan, and went to Kanpur for an engineering degree in computer science. I have a long-standing interest in web-applications and social work. I have some prior experience in building.....read more