On Social Entrepreneurship

Social entrepreneurship is becoming mainstream. Indeed, the motto of “doing well by doing good” is taking the world by storm. Forbes even has a page of articles dedicated to social entrepreneurship. Investment banking jobs will soon shrink due to automation. Those ambitious young people will have to go somewhere. Given the culture of young people and the direction in which the world is headed, social entrepreneurship is the perfect place for them to exert their business spirit.

Talk! is an example of social entrepreneurship at the seedling stage. Our business model lays the blueprint to pay far above market wages to people in developing countries. We think happiness is a prerequisite for performance and that company culture and employee wages are the two keys to happiness. Not only can we pay people in developing countries more than they would otherwise make, we are also bridging the gap between people in developed countries and those in developing countries.

Every Talk! session brings together native speaking moderators from developing countries with language learners primarily from developed countries. This type of cultural diffusion helps plant the seeds of broad political and economic change. When language learners engage in casual Talk! sessions with competent, bilingual speakers, they gain greater appreciation for regions across the globe that did not benefit from the great divergence.

If you are interested in social entrepreneurship in the education space, please do not hesitate to reach out to us at to have a dialogue about what we think about the space. For those more interested in the financial side of things, financial inclusion is vital to economic development.

Many Latin American countries, for example, are reliant on their commodities. This dependence means that when global commodity prices go down, their economies shrink, and people suffer. One solution to this problem is to create products from those commodities to diversify their economies. In order for countries to establish the capital base for investment needed to produce products, however, in addition to foreign direct investment, they need consumer savings.

Quona Capital is a great Washington, D.C. based firm tackling the project of financial inclusion globally. But if you want to work on social entrepreneurship in developing countries, as Roger Leeds, Johns Hopkins SAIS professor and founding Chairman of the Emerging Markets Private Equity Association, would say: Go live in the developing countries!

There is no doubt that in an increasingly globalized world in which emerging markets are on track to have a greater GDP than that of developed countries combined, experience abroad, experience in social entrepreneurship, and experience with languages will serve anyone well.

And you can prepare to go abroad with Talk!, which offers one hour sessions moderated by native speakers in which participants play games, talk casually, and learn about culture in the target language.

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