Profit and/or Purpose? – Interview with Venture Capitalist and Social Activist David Batstone

December 5, 2016

David Batstone is not one to be easily typecast.  As you learn more about David you might get a bit perplexed not only by the uncounted, very public projects in which he plays a leading role or the multitude of positions he holds but by their often different, seemingly opposing character: theology scholar, journalists, venture capitalist, ethics professor, businessman, human rights activist…

Among many other things, David is Founder and President of ‘Not For Sale‘ a non-profit organization and campaign that seeks to eliminate factors which facilitate modern slavery around the world. He also is Co-Founder and Senior Managing Partner at ‘Just Business,’ a San Francisco a much for profit venture capital firm and very much personally invested in its holdings such as REBBL a line of “super-herb health drinks that grows faster than any other in health food stores,” he says.  A declared liberation theologian, David teaches ethics at the Jesuit Catholic University of San Francisco, writes books and still somehow finds time to come up with- and start-up new businesses on his own such as Z-Shoes a line of ‘biodegradable shoes’ that are sourced from the Peruvian Amazon. Actually, his son is a co-creator and the first round of investing went through kickstarter …

How might this all fit together?  David says he is leveraging his disciplined venture capitalist approach to create a vertically integrated ‘group for good’… ‘where people in developed markets can buy according to their values’ and where socially disadvantaged people in remote areas like the Amazon are provided with the funds or tools needed to provide their local goods and talent rather than be driven into poverty and slavery.

 

Ingenious? Too Good to be True?  

Meaningful Marketing or Marketing Ploy?

 

Listen to the interview with David and let us know what you think on our blog!

 

 

FURTHER READING:

To read more about how other brands seek to create meaning beyond the material check out other case studies on our blog, podcast and read our book “Rethinking Prestige Branding – Secrets of the Ueberbrands”.

 

 
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