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Patient Capital for an Impatient World: "The Blue Sweater"

A Women in the World conversation with Jacqueline Novogratz, founder of the Acumen Fund, on how to make investments that can genuinely transform a community. Watch the live-stream online Sunday, March 14 at 10:50 a.m.

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By The Daily Beast
articles/2010/03/09/patient-capital-for-an-impatient-world-the-blue-sweater/women-in-the-world-logo_tkzxgm

A Women in the World conversation with Jacqueline Novogratz, founder of the Acumen Fund, on how to make investments that can genuinely transform a community. Watch the live-stream online Sunday, March 14 at 10:50 a.m. at thedailybeast.com

Jacqueline Novogratz, bestselling author of The Blue Sweater and founder of the nonprofit global venture fund The Acumen Fund, will speak about the revolutionary concept of “patient capital”—the idea of investing in businesses based in developing countries at below-market returns, fostering social change.

Novogratz was once an investment banker at Chase Manhattan, but quit her job when she began to wonder why developing-world elites could get loans, but the poor couldn’t. One of her first projects was in Rwanda, where she helped 20 unwed mothers, shunned as prostitutes by their neighbors, launch a profitable bakery.

Novogratz will be interviewed by CNN anchor Campbell Brown.

• From the Daily Beast: Read Liz Goodwin’s interview with Jacqueline Novogratz, discussing her entrepreneurial approach to closing the gap between the rich and the poor.

• Click here for a full summit agenda

• Click here to read more about the amazing lineup of Women in the World speakers

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