Who’s got the back of Oakland startups when it comes to funding? Well, a number of investors – from seed-stage angel investors to venture capitalists to social impact investors – have their eye out for what’s happening in Oakland and nearby.
In fact right now, Philanthropic Ventures Foundation, an impact investor based in Oakland’s Preservation Park, is inviting young entrepreneurs with innovations that will “improve peoples’ lives” to submit their ideas. In a newly launched seed funding campaign for local entrepreneurs older than 18 but younger than 30, the foundation is offering the Bay Area Inspire Awards for ideas that will improve lives. But the idea can’t be just a better toaster or music player. It’s got to help people in the areas of education, housing options or displacement prevention, environmental sustainability, immigrant rights, family services or good jobs. If Philanthropic Ventures sees the idea as viable and helpful, it will award the launch team up to $10,000. Read about the terms here.
Inner City Advisors, Kapor Capital and NewSchools Venture Fund are all based in Oakland and scout for startup innovations that will both help society and provide good returns on investment, though not exclusively in Oakland. That dual focus on return-on-investment and social good is sometimes referred to as “double bottom line” investing.