Open Seat Ventures: Investing In Now

What is the injustice we are solving?
For too long, young people have been unable to bring their social change ideas into fruition because of lack of tangible resources, mentorship, and financial capital. OSV aims to tackle this issue by investing in high social impact leaders, particularly in emerging economies, working across clean tech, economic development, and gender equality (among other categories) the financial capital, guided mentorship, and tangible resources to help launch, scale, and accelerate their ventures. By doing this, the social entrepreneurs can focus on what matters the most: the work. Generally speaking, financial resources and programmatic opportunities for ventures and projects have been restricted to those above the age of 30 - but we intend to change this relationship by investing in the now.
Our Compassionate Solution
To solve this injustice of
Lack of youth visibility in global development
we will address
the issues of lack of resources, mentorship, and capital
by
investing in young social entrepreneurs to innovate and launch sustainable organizations and enterprises working towards the SDG's.
Our Plan
Our Project Goals
Successfully invest, mentor, and provide resources to at least 5-8 social entrepreneurs under 30 this year.
We will increase my / our compassion by...
Understanding the problems that young people face in their communities locally and globally and their ideas to go about mitigating such issues.
How will you show courage?
By investing in these young people the resources to bring their bold, daring ideas to fruition.
How will you collaborate with others?
By partnering with leading organizations that can help scale and provide collateral support to the young people we are empowering.
How will you know you are moving in the right direction?
When we've launched at least our first social impact project in collaborating with a young social entrepreneur and the related number and type of impact their organization or social enterprise has reached.
Create a list of key steps you will take
Launch website to promote and source young social innovators
Begin fundraising plan and economic sourcing model to invest by
Invest in one young social entrepreneur as a beta test run
This project doesn't have any updates to show.
Kelsey T.

February 16, 2018

Hi Sohil! Congratulations! Your project has been selected to receive a Peace First Challenge mini-grant. We will be in touch soon with details about this payment.

The mini-grant process is also a space for you to get feedback on your peacemaking project. We hope you will use this feedback to further strengthen your project. Please see the feedback on your mini-grant below.

Strengths:
This is a great project with a solid action plan! It is great that you are trying to understand the problems that young people face as you continue to develop your plan to provide resources for young social entrepreneurs -- I think continuing to collaborate closely with your stakeholders and adapting as you go will be key. You've done a great job of recognizing some of the root causes of this lack of youth visibility and coming up with a way to address that lack of resourcing. I also love that you are being intentional about collaborating with other organizations! This is such an important element and will really allow you to broaden your impact.

Things to Consider:
You seem to have a good plan in place for measuring indicators of success. One thing that will be important is to make sure you are continually doing this -- not only because it is important to adapt as we implement a program, but also because of the timeline of the Peace First Challenge. As part of the Challenge, you'll be asked to submit your Reflection, that talks about the impact of your work, by May 31st. By that point, you should have spent the mini-grant and carried out the aspects of your project that relate to this particular grant -- I just want to flag this since your overall goals seem to be for the full year! It would be great for you to set some goal for the next 3 months that you can measure at that point -- both for your Peace First reflection and to use that as a milestone to take a moment to reflect as you head into the rest of the year!

Congratulations and best of luck with your project!
Amani A.

February 14, 2018

Hi Sohil,

This is Amani; a Peace First team and I will be your mentor. I am really Inspired by the idea of your project and how far do you want to go to support social entrepreneurs under 30. Fish's feedback is very thoughtful and I would encourage you to take that into consideration. I just sent you email and I look forward to hearing from you :)
Fish S.

February 08, 2018

Hi Sohil! I'm a member of the Peace First team. Thanks for sharing this awesome project! I saw your plan and insight and wanted to offer some feedback.

There are a lot of things I really love about the work you're doing. Most importantly, I think you've hit on an important root cause of the issue you identify -- lack of access to supports -- and have found a clear but powerful solution to it. I think your plan is bold, but thoughtful about taking achievable first steps. In particular I love that this isn't just about helping connect people to capital, but helping people truly understand the issues in their community. Sounds like you've got some good metrics for measuring your success both in the short and long term.

One thing I think you could elaborate more on is the injustice of "lack of youth visibility in global development." I agree that's an injustice, but I'm not sure other folks will understand: What harm is being done, and to whom? How is it disproportionately affecting some people or groups? Why is it unfair?

I'm also wondering -- what does your support process for young social entrepreneurs look like? Do you have a plan, or are you still working on it? We're happy to share our expertise :)

Thanks for the awesome work you're doing -- and let us know how we can help!
Adrian B.

February 02, 2018

Hi Sohil!

Wow, this project is awesome! I'm glad you're thinking about how to get resources to young social entrepreneurs. You're in good company. :) Let us know how we can best support you, and what you're hoping for from Peace First!

Best,
Adrian