The problem with social entrepreneurship

Social entrepreneurship can be defined as doing well while doing good--the problem is that social entrepreneurs usually end up doing neither 

Peter Thiel’s CS183: Startup - Class 14 Notes Essay: " . . . There is both an economic aspect and a psychological aspect to perfect competition. The economic insight is that the battles are so fierce because the stakes so small. Since profits are competed away, people are fighting over scraps. The psychological insight is that the economic insight is really weird. Why in the world would people want to fight for scraps? But there’s a psychological counterpoint to the psychological insight, and that is that people fight because they think it’s the cool thing to do. This explains the phenomenon of social entrepreneurship, which can be defined as doing well while doing good. The problem is that social entrepreneurs usually end up doing neither. . . ." (read more at link above)


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