Jacqueline Novogratz has been working with the poor in Africa and Asia for more than 20 years, and that experience has shown her that patient capital is more effective than markets or philanthropy alone. She advocates that business models are more sustainable than charity because they can sustain themselves and foster a sense of ownership and pride among the economically disadvantaged.
Jacqueline is the founder and CEO of Acumen Fund, a non-profit global venture fund that seeks entrepreneurial solutions to global poverty. She is responsible for the vision behind Acumen Fund’s unique approach to using patient capital to invest in business models that deliver affordable healthcare, water, housing and energy to the poor in Pakistan, India and Kenya. Prior to Acumen Fund, Jacqueline founded and directed The Philanthropy Workshop and The Next Generation Leadership programs at the Rockefeller Foundation. She also founded Duterimbere, a micro-finance institution in Rwanda. She began her career in international banking with Chase Manhattan Bank. She was recently named to Foreign Policy’s list of Top 100 Global Thinkers and The Daily Beast’s 25 Smartest People of the Decade. She is also the author of the best-selling memoir The Blue Sweater: Bridging the Gap Between Rich and Poor in an Interconnected World, released in paperback in February 2010.
At the CSI/PMP 40th Anniversary Celebration in October 2011, Jacqueline shared how she came to found a nonprofit global venture fund that uses entrepreneurial approaches to solve the problems of global poverty, and rallied the community of Stanford business graduates to be part of the new generation of innovative problem solvers.