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Venture Meets Mission: Aligning People, Purpose, and Profit to Innovate and Transform Society 1st Edition
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The world is facing dramatic geopolitical, environmental, and technological shifts. Venture Meets Mission argues that if Business, Government, and Society come together, rebuild trust, and collaborate, we have a generational opportunity to address societal challenges―climate change, cybersecurity, disease outbreaks, food insecurity, and education. The book explains, with hope and passion, how our existing entrepreneurial ecosystem, with the ideals of democracy, can be the foundation for a new mission-driven capitalism.
The good news is the components of this problem-solving ecosystem already exist. The authors explain what is required to join people, purpose, and profit together for world-changing impact―starting with rebuilding trust among Business, Government, and Society. The authors draw on their leadership experience with Silicon Valley innovation, venture capital, and work at the highest levels of the federal government. The book tells engaging stories of successful entrepreneurs, with diverse perspectives and intersectional experiences, who combine mission and venture to solve critical societal problems. This book seeks to inspire a generation of students, young professionals, and entrepreneurial executives to pursue mission-driven ventures that can make the world a better place. Venture Meets Mission also explains why and how forward-thinking government officials and policymakers can harness private sector entrepreneurship and innovation to solve society's problems.
- ISBN-101503636283
- ISBN-13978-1503636286
- Edition1st
- PublisherStanford Business Books
- Publication dateJanuary 9, 2024
- LanguageEnglish
- Dimensions6.25 x 0.8 x 9.25 inches
- Print length280 pages
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Editorial Reviews
Review
"Brilliantly explains why we need to write new recipes to solve the problems of an increasingly complex world―and guides us on a search to find the key ingredients of empathy, innovation, public service, and entrepreneurship."―José Andrés, Chef, Humanitarian, and Founder of World Central Kitchen
"Venture Meets Mission provides an aspirational roadmap for young professionals who want to make a meaningful difference in the world by building careers that balance purpose and profit"―Indra Nooyi, Former CEO, PepsiCo
"As a former tech entrepreneur, and Governor, I've always believed in the power of venture-driven innovation, (coupled with the scale of government), to drive positive change. Venture Meets Mission is a compelling bipartisan call to action to address the biggest challenges of our time."―Mark Warner, United States Senator and Chair of the Senate Intelligence Committee
"The book's pragmatic strategies for entrepreneurial collaboration between sectors will drive positive impact and inspire changemakers in low wealth communities."―Della Clark, President of The Enterprise Center, Partner at Innovate Capital Growth Fund
"Offers an important, timely road map and engaging examples to empower a generation of creative, mission-driven changemakers."―Adam Grant, #1 New York Times Bestselling Author and Professor at Wharton Business School
"As a member of a generation reared on multiple financial crises, political instability, and a pandemic, I notice in myself and my peers a strong desire to reform the status quo. The message in Venture Meets Mission inspired me to pursue a mission-oriented career in the growing ecosystem of government-facing private ventures."―Samsara Durvasula, Software Engineer, Computer Science Major, '20
"Gupta, George and Fewer have written a bold, exciting, and surprisingly optimistic book. Steering clear of the usual cliches about how business can either destroy or remake society, they show clearly and realistically that firms and entrepreneurs can work effectively, profitably, and purposefully, with government. The book will rekindle for many a sense of progress, and even of hope."―Deborah Spar,Senior Associate Dean of Harvard Business School, Business in Global Society (BiGS)
"Venture Meets Mission highlights one of the key superpowers of democracies: mission-driven entrepreneurship. The authors paint a compelling picture of the future, one in which ventures and government can work together for national security and economic prosperity. This book is a must-read for anyone looking to merge their patriotism and purpose with profit."―Michael McFaul, former US Ambassador to Russia; Director, Freeman Spogli Institute, Stanford
"The world is changing fast, and we need leaders who can adapt and innovate. Venture Meets Mission is an inspiring guide for the next generation of government officials and entrepreneurs. We worked across the aisle to bring the best ideas from Silicon Valley to Congress. This book is perfect for anyone who wants to make a difference and solve the most pressing problems of our time."―US Representative Ro Khanna, United States Representative from California's 17th District
"The authors of Venture Meets Mission provide an inspiring roadmap for how we can rebuild trust among society, business, and government. It's the only way to address the big critical problems like climate change, food insecurity, and education. As someone who has worked on national security issues for over two decades, inspiring people to work on this generational opportunity is more important to me now than ever."―Will Hurd, Former US Representative from Texas's 23rdDistrict
"A wake-up call for early- mid- and late-career professionals to seek purpose of action. As the conflict in Ukraine showed, effective coordination between entrepreneurs and government can greatly contribute to society AND enhance our national security."―Lisa Disbrow,Former US Secretary of the Air Force
"I've launched eight Silicon Valley tech companies, but I've never done work more personally rewarding than helping NSF, NIH, DoD, and other government agencies learn how to innovate rapidly. Venture Meets Mission shows you how you can make the biggest difference, and have the most fulfilling years of your career, by serving your country at the intersection of technology, innovation, venture capital, and government."―Steve Blank, Entrepreneur and Author of the Lean Startup
"Meeting societal challenges requires massive inflows of capital to improve our collective future. This book details how entrepreneurial ventures funded by private capital can combine profit with purpose. Venture capitalists can collaborate with government and other actors to bring amazing solutions to market in education, climate, agriculture and other critical sectors."―Maya Chorengel, Co-Managing Partner, The Rise Fund, TPG
"Venture Meets Mission brings to life two powerful ideas: how to infuse a business with an inspiring mission and how working with the government can businesses profitably achieve their mission. It is a great read for anyone thinking about working with the government to build their business while contributing to the public good."―Charles Rossotti, Co-Founder, CEO American Management Systems and Former Commissioner of IRS
About the Author
Product details
- Publisher : Stanford Business Books; 1st edition (January 9, 2024)
- Language : English
- Hardcover : 280 pages
- ISBN-10 : 1503636283
- ISBN-13 : 978-1503636286
- Item Weight : 1.18 pounds
- Dimensions : 6.25 x 0.8 x 9.25 inches
- Best Sellers Rank: #304,507 in Books (See Top 100 in Books)
- #141 in Venture Capital (Books)
- #311 in Environmental Economics (Books)
- #1,811 in Entrepreneurship (Books)
- Customer Reviews:
About the authors
Dr. Thomas J. Fewer is a Postdoctoral Fellow in the Georgetown Entrepreneurship Initiative at Georgetown University and VP at NobleReach Foundation, focused on developing innovative talent programs to educate and inspire the next generation of mission-driven changemakers. He has authored several award-winning scholarly works on public-private collaborations and business and politics, and is interested how business and government can collaborate to develop technology-based solutions to major societal challenges, including issues of climate, healthcare, and food.
Previously, Thomas worked as a financial analyst at Lockheed Martin, as a national sales analyst at Subaru of America, and as a risk management analyst for the New York Rangers and Knicks at the Madison Square Garden Company. He continues to contribute to leading academic associations such as the Academy of Management, American Political Science Association, and American Sociological Association.
Thomas holds a Doctorate degree in Business Administration with a specialization in Strategic Management from Drexel University, where he was recognized as a leading business instructor in Entrepreneurship. He holds a Master’s degree in Finance from Villanova University and Bachelor’s degree in Marketing from Rutgers University.
Gerry George is Group Managing Director at International Medical University (Malaysia), an investment of the TPG Rise Fund where he was Senior Advisor. He continues as Academic Advisor to the Georgetown Entrepreneurship Initiative while on leave from McDonough School of Business as the Tamsen and Michael Brown Family Professor of Entrepreneurship and Innovation. Previously, he served as Dean and Lee Kong Chian Chair Professor at Singapore Management University. Before SMU, he was Professor and Deputy Dean of Imperial College Business School, Associate Professor at London Business School, and Assistant Professor at University of Wisconsin-Madison and Syracuse University.
An award-winning researcher and teacher, Professor George has published extensively in innovation, entrepreneurship, sustainability and tackling grand challenges in society, and achieved the Web of Science Highly Cited Researcher distinction for Cross-Field Impact. From 2013 to 2016, he served as Editor of the Academy of Management Journal, the flagship empirical journal in the field of management. At Imperial, he was Academic Director of the London Stock Exchange’s Elite Program, which supports ambitious private companies through their next stage of growth. At MSB, he teaches Growing Entrepreneurial Businesses across EMBA, MBA and UG programs.
Among other distinctions, he was awarded a prestigious Professorial Fellowship from the UK's Economic and Social Research Council to work on socially-inclusive innovation in healthcare, natural resources, and energy. His latest book Venture Meets Mission (with Arun Gupta and Tom Fewer) will be published by Stanford University Press in 2024. His other co-authored books include Handbook on the Business of Sustainability (Edward Elgar, 2022), Handbook of Inclusive Innovation (Edward Elgar, 2019), Managing Natural Resources (Edward Elgar, 2018), The Business Model Book (Pearson, 2018), Implausible Opportunities (Cambridge Press, 2012), and Inventing Entrepreneurs (Pearson, 2009).
Professor George received an honorary doctorate in economics from the University of St. Gallen for contributions to the fields of strategic management, innovation and entrepreneurship. He was conferred Fellowship of the City & Guilds of London Institute and Distinguished Alumnus Award from Birla Institute of Technology & Science (Pilani). He is Senior Global Fellow at University of Pennsylvania's Joseph H. Lauder Institute of Management and International Studies and Visiting Professor at Singapore Management University.
Arun Gupta is a venture capitalist, Lecturer at Stanford University for “Valley Meets Mission”, and Adjunct Entrepreneurship Professor and Senior Advisor to Provost at Georgetown University. He is CEO of NobleReach Foundation, which is focused on catalyzing and inspiring a renewed spirit of national service through innovation. NobleReach is scaling infrastructure to build pathways connecting top technology talent and innovation networks with government and providing the scaffolding to support their success. Arun is active in the emerging technology, entrepreneurship, public policy, and venture finance communities. He is passionate about inspiring students to pursue mission-oriented entrepreneurial careers and has committed to contribute ALL his proceeds from book sales to the NobleReach Foundation.
At Stanford University, Arun serves on the Stanford in Washington (SIW) Advisory Board, Freeman Spogli Institute for International Studies Advisory Council, and is a Faculty Lecturer teaching " Valley Meets Mission: Purposeful Entrepreneurship with Government" at Stanford in Washington. The class highlights his venture capital and academic experience building successful mission-oriented ventures at the intersection of the government, mission, technology, and entrepreneurship.
At Georgetown University, Arun serves on the Georgetown Entrepreneurship Advisory Board, Tech & Society Steering Committee, and teaches Entrepreneurial Finance and Venture Capital at McDonough School of Business. He was awarded the Entrepreneurial Faculty Teaching Excellence Award and the Peter W. Gonzalez Jr. Award for Excellence in Faculty Teaching.
As a Partner at Columbia Capital, Arun’s investment career spanned eighteen years including initiating the firm’s Cybersecurity and Government technology investments with a focus on National Security, AI, and SaaS/Cloud infrastructure sectors. Prior to joining Columbia Capital in 2000, Arun was at Carlyle Venture Partners focused on software investments. Prior to Carlyle, Arun held positions in Arthur D. Little’s telecom and technology consulting practice and shared responsibility for establishing ADL’s management consulting operations in Mumbai 1995-98.
Arun received a B.S. degree with Distinction in Electrical Engineering and an M.S. degree in Engineering Economic Systems from Stanford University (’91). He received his M.B.A. from Harvard Business School (’95).
Arun has lived in the Washington DC metropolitan area for over 40 years and has been actively involved in local community organizations focusing on coaching youth sports, inner city educational programs, and food insecurity programs for vulnerable communities. Arun has been happily married for 27+ years to Dr. Anjali Mehta Gupta and has three wonderful children.
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I recommend you “Venture Meets Mission” book written by Arun Gupta , Gerard George and Thomas Fewer .
Authors argue that Trust needs to be established between Business, Society and Government in order that Venture meets Mission.
“It means that entrepreneurs have faith in their governing institutions and are willing to take risks to push the boundaries of innovation and change.”
“ And for the government, it means that business is a partner in the pursuit of the mission and not a barrier.”
Reviewed in the United States on January 21, 2024
Learn how our current entrepreneurial environment, through grounded values, will pave the way for new form of intentional and mission-driven capitalism.
Join the VMM movement, with this exemplar and transformative approach.
It is no coincidence that companies annually ranked among those most highly admired and best to work for are also annually ranked among those most profitable, with the greatest cap value in their industry segment. However different they may be in most respects, all of them have mission-driven ventures that nourish and strengthen their workplace culture.
These are the strategic objectives on which Gupta, George, and Fewer focus, devoting a separate chapter to each:
o Transform society with the optimism of entrepreneurship and the scale of government
o Rediscover the common ground between and among entrepreneurs, government, and society
o Innovate public-private partnerships
o Enable entrepreneurs and government officials
o Collaborate with federal, state, and/or local government
o Ensure that each individual career has a greater impact
o Align people, purpose, and profit to create the future we want
Gupta, George, and Fewer provide an abundance of information, insights, and counsel that explain HOW to achieve these specific objectives.
I realize that no brief commentary such as mine could possibly do full justice to the quality of the material they provide. However, I hope I have at least indicated why I think so highly of them and their work. The publication of this book could not be more timely. The global business world today is more volatile, more uncertain, more complex, and more ambiguous than at any prior time that I can recall. It is imperative that people, purpose, and profit are -- and remain -- in proper alignment to innovate and transform individuals as well as teams, departments, companies, countries...indeed our planet.
I congratulate Arun Gupta, Gerard George, and Thomas J. Fewer on a brilliant achievement. Bravo!
Here are two suggestions to keep in mind while reading Venture Meets Mission: Highlight key passages, and, record your comments, questions, action steps (preferably with deadlines), page references, and lessons you have learned as well as your responses to key points posed within the narrative. Pay special attention to what the authors share in end-of-chapter paragraphs.
These two simple tactics -- highlighting and documenting -- will facilitate, indeed expedite frequent reviews of key material later.