The article titled Urban Impact Entrepreneurs Are Out There (Trust Us) can be a little confusing but what it’s all about let’s see. Rapid urbanization presents complex challenges, including those related to public transit, urban poverty, homelessness, and unemployment, all of which require creative approaches to finding viable solutions. These issues are currently being addressed by urban impact entrepreneurs who confront the usual risks associated with starting a business as well as those specific to engaging in social urban innovation.
A sustainable city prioritizes the needs of its residents and works to keep its population growth without adding to pollution or garbage. For a city to be really sustainable, it must rely on technological advancements to facilitate citizen cooperation, personalize and integrate different forms of transportation, and boost residents’ health and happiness. To know all about Urban Impact Entrepreneurs Are Out There (Trust Us) you’ll need to cope with the following.
- Keep your investors in mind as you prepare to raise funds; businesses with a focus on the environment or society might increase their funding options by tapping into the venture capital industry.
- Keep things simple and do your research: if you’re going to make statements about sustainability, you should be able to back them up with data and other sources. Metrics and goals for sustainability should be quantifiable, substantive, and relevant, or at least have some bearing on the central offering.
- Don’t be scared to take on the tough issues; our existential dilemma can’t be solved with a few tweaks to the status quo of solutions, business strategies, or software. Our mission as an impact investor is to back businesses with broad product roadmaps, whether they specialize in hardware or software.
- Whether your organization sells to the government, local enterprises, or individual consumers, strengthening your network is an important factor in determining your company’s effect and growth potential. Investors in our firm look for business owners that have established themselves in a significant way throughout a number of metropolitan areas.
Tumml, which Lein and Brenner call an “urban impact accelerator,” was formed by the two after they graduated and relocated to San Francisco. Then they started helping new businesses by providing them with a place to work, money to get started, and expert advice. Handup, a mobile donation network for the homeless, and Hitch, an on-demand ride-sharing company, are just a few of Tumml’s first startups. Valor Water Analytics’ software analyses data from cities’ water utilities.
Brenner adds that the goal of Tumml, whose name comes from the Yiddish word for shaking things up, is to motivate entrepreneurs to focus on developing answers to urban challenges. It is Tumml’s sincere intention to make it as appealing to launch the next Handup as it is to launch the next Twitter.
Tumml has helped more than 50 startup founders in its first two years. Startups can receive $20,000 from the firm in exchange for a 5% equity stake. We wanted our success to be directly linked to that of the entrepreneurs we back, explains Brenner. Brenner, a native Washingtonian who attended New York University and worked in commercial real estate before enrolling at Sloan, made Forbes’ 30 Under 30 list in 2014. In addition to her interests in the kitchen and the outdoors, she is an active member of the MIT Sloan Alumni Board. Lein, a Connecticut native who went to Stanford and worked as a polling consultant before joining Sloan, enjoys rock climbing and tennis. Yet, they both freely admit that they invest a great deal of their spare time into attending civic and community meetings for the purpose of making connections and gaining knowledge. Hence Urban Impact Entrepreneurs Are Out There (Trust Us) becomes true.