Acumen Fund

In the acumen fund video, “Seth Godin Wants You to Decide,” there are key point that are brought up in how people should go about helping others in poor countries. The speaker Seth Godin, is talking to student leaders about becoming a future entrepreneur and what they could do with this skill. Godin then tells of the goals of the acumen fund. They are to raise money to patient capital, invest in entrepreneurs to make stuff to sell to the poor, and change the world. In expanding on these points Godin gives an example of a person that makes $2 a day and a person that is selling soap for that same price. When a transaction is made both parties win, and make a profit. The seller gets money so they could expand business while the buyer is cleaner hence healthier, so they can spend more time getting an education rather than being sick. I felt that this point was very interesting and it is a good way to think of helping people.
Godin also brings up the point that the more people selling merchandise from door to door in Tanzania, the easier it would be to build up a culture of commerce that benefits people on both sides. These points are innovative, due to the fact that it brings people to view service in another way as well as open up the door for people to build up more business and expand in their areas of expertise rather than joining in on another company. It is also mentioned that acumen needs good competition so that more people can benefit from their mission. I would not have looked at that in this way, but it makes much sense. The more people competing to become entrepreneurs, sell their merchandise, and build up commerce in poor countries, the more these countries will learn to build up for themselves changing the world for the better.