THE SOCIAL IMPACT OF PHILANTHROPIC VENTURE CAPITAL BACKED SOCIAL ENTERPRISES

Building on prosocial and compassionate organizing, this work quantifies the inequality impact of social enterprises (SEs) receiving philanthropic venture capital (PhVC). Using Ashoka’s portfolio of Indian SEs and IPUMS data on India, we find that a) Indian municipalities with PhVC backed SEs have a higher decrease in inequality, and b) those PhVC backed SEs contributing mostly to a higher decrease in inequality have a dominant prosocial orientation.