Originally written January 28, 2002 for the Alaska Journal of Commerce
The Alaska economy is in dire need of an active private capital network. Many well-intentioned local investors invest directly in exciting entrepreneurial opportunities, but more often than not they are neither making a wise investment nor really helping the entrepreneur.
THE IDEA: creation of one or more Search Funds — a proven two stage private equity model. This is a social venture capital business model developed by Professor Irv Grousbeck of the Stanford University Graduate School of Business’s Center for Entrepreneurial Studies.
Originally written Monday, June 7, 2004 for The Alaska Journal of Commerce