2015 MBA Summer Fellow: Apply Now!

by: | Feb 25, 2015

We are now accepting applications for the 2015 New Media Ventures Summer Fellowship.

NMV Summer Fellows are MBA students who are either currently attending business school or have just graduated. They will spend the summer 2015 with the New Media Ventures team (exact dates are flexible).

The role:

This is a great opportunity to roll-up your sleeves and get practical experience in early-stage impact investing.

You will:

  • Conduct diligence on early-stage start-ups
  • Improve the technical assistance program we provide our portfolio companies
  • Help organize events and meet interesting people
  • Work with a team of kick-ass, passionate people creating a new investor culture

About You:

You want to use your sharp analytical skills to evaluate business models, and are lit up by the opportunity to drive social change. You are intrigued by the whole idea of political impact investment.

Innovation Fund: What We’re Learning So Far

by: | Feb 17, 2015

At New Media Ventures, we launched an Innovation Fund to invest in early-stage technology and media start-ups. We are learning so much about investing at the very early stage.

First, the need is there! We received over 100 applications to our open call! We narrowed this pool down to 16 thanks to the help of an expert screening committee and are conducting final diligence and discussing terms as we speak. We will likely invest in 4-6 companies in this round.

Second, finding scalable media (content) companies is challenging. The media and content companies we reviewed find it hard to develop revenue-generating business models. In addition, a number of media companies we saw shy away from the progressive advocacy we look for. Maybe we need to create a dedicated vertical in our next open call?

Third, conducting diligence on early-stage companies is very different. 

Why I joined NMV

by: | Jan 29, 2015

Or, how going from business consulting to political impact investing actually makes sense.

Up until 3 weeks ago, I had focused my career on finding ways for business to do well by doing good.  I got an MBA, trained with the best strategy consultants at the Boston Consulting Group and applied that learning to making companies more sustainable at Blu Skye Sustainability Consulting. While at Blu Skye, I pioneered the development of sustainable agriculture goals for a large retailer, I shepherded a group of for-profit and non-profit leaders in the apparel world working together to reduce the impact of their supply chain and convinced a climate-skeptic oil company to embrace a bold sustainability strategy.

As exciting as this work was, I found that what companies could do was inherently limited. This limit is created by government decisions (e.g. without a price on carbon,

We’re Hiring! (again)

by: | Jan 09, 2015

Job Description: Executive Assistant at New Media Ventures

New Media Ventures is a small organization with a huge vision to find, fund and support media and tech startups driving progressive change. We are a network of forward thinking funders and investors, we are pioneering new ways of supporting some of the most innovative startups in the progressive sector. We recognize that social change often requires political action, and we fund entrepreneurs who are unafraid to pull the lever of politics to make an impact.

We do all this with a tiny staff and nimble organization, and we are looking for a stellar assistant who will help us keep the trains running on time. This role is critical to ensuring that New Media Ventures runs smoothly and efficiently, particularly as we look to grow and scale our work.

Your responsibilities will be:

  • Work with our fiscal sponsor to submit expense reports,

A Year at New Media Ventures

by: | Dec 19, 2014

Whew. It has been quite the year.

At New Media Ventures, we support and finance early stage startups driving progressive change. We’ve spent 2014 building out our programming to ensure the startups we work with have both the capital and community of support they need to thrive as they grow.

Our flagship project this year has been the NMV Innovation Fund, a new fund focused on financing at the earliest stage.

As we head into 2015, we’re close to our fundraising goal, deep in diligence for the first round of financing, and proud to look back at the year that made it all happen.

 

6 Ways to Think Bigger

by: | Oct 24, 2014

At NMV, we’re committed to thinking bigger about how we fund progressive media and technology innovation. So, this week, we brought together a small group of NMV investors for a day and a half retreat to do just that.

Six ideas in particular had some momentum from the group, so we thought we would share to our broader community some seeds of ideas we’ve been kicking around at NMV.

1) People Powered Innovation Fund:

Small dollar donors, enabled by technology, have fundamentally changed fundraising in everything from the arts to political campaigns. What if small dollar donors could pool funds to provide risk capital for early stage progressive media and tech startups? Now that we have the NMV Innovation Fund in place, set up as a Donor Advised Fund, we could potentially open it up to small dollar donors. Imagine if the whole progressive movement–

NMV Innovation Fund is LIVE!

by: | Oct 17, 2014

UPDATE:  Deadline extended to Friday, November 21st at 6pm PT. 

We are excited to announce the launch of the New Media Ventures Innovation Fund!

For this round of financing, we are looking for early stage, for-profit companies using media and technology to drive progressive change. We aim to make $50k investments into 2 – 10 companies.

Sound like you? Apply here! Applications due November 17th, 6pm PT. Applications due November 21st, 6pm PT.

The NMV Innovation Fund is a new financing vehicle that is designed specifically to provide risk capital to early stage progressive media and tech startups.  The cool part is this– this new fund, a philanthropic fund housed at ImpactAssets, can make both grants and for profit investments. Any return made on for-profit investments will go back into the fund to continue funding innovative progressive media and tech startups.

Understanding Our Impact

by: | Oct 03, 2014

As early stage funders, our goal at New Media Ventures is to leverage relatively small amounts of money for a large impact.

Understanding this impact can be complicated– we don’t work on a specific issue, where progress can be tracked. Instead, we envision a world in which entrepreneurs have resources at every stage of growth to build media and tech startups that solve big civic and political problems, spanning a wide range of issues and sectors.

Given this complexity, I think about our impact in three ways: first, the financial impact we have as funders and investors; second, the social and political impact of the portfolio that we fund based on the metrics below, and third, the impact of our program and community building work to build out the sector.

Financial Impact of New Media Ventures’ Investments

First and foremost, our impact is through the direct funding we grant from our fund and the investments we oversee through our funder network.