A corporate form designed for for-profit entities seeking to create general public benefit – to consider society and the environment in addition to profit in their decision-making processes. Benefit corporation bylaws address concerns entrepreneurs may have about losing their social or environmental mission when raising growth capital.
Use of social media technology to raise early-stage investment dollars from a collection of individuals who pool their money via online investment pledges.
A competition or event where in a limited amount of time, such as 48 hours, diverse teams often including computer programmers work to develop a viable product or service to address a problem.
A non-profit that flips to a for-profit in a few years when it becomes financially sustainable and achieves payback.
In creative and technical processes, such as when virtual teams are working on rapid development, someone may come up with an idea that's out in left field. Strategies such as those outlined in this section's Best Practices offer ways to avoid "mission creep," when contributions fall outside the scope of what an organization is committed to developing.
Technologies and software tools that enable team collaboration through personal computers, social media platforms and videoconferencing.