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Social entrepreneurs discuss motivations, challenges

Posted in: Events, Women Entrepreneurs

Wide-angle photo of crowd watching the panel.

Four women, whose resumes could land them in top-paying corporate positions, discussed how they chose the nonprofit path instead, during the 鈥淪ocial Entrepreneurs Changing the World鈥 event Oct. 19 at 精品成人福利在线.

The panel discussion was part of the fourth annual Women Entrepreneurship Week, a program celebrated this year at in 22 states in the U.S. and 15 countries all over the world. 精品成人福利在线 started WEW in 2014 as a way to inspire women entrepreneurs, and give college students all over the world the chance to network with female founders. Nearly 150 people attended the Oct. 19 event.

Full shot photo of the panelists and moderator
Panel, from left: Linda Lacina, Alfa Demmellash, Laurel Dumont, Denisse Rojas Marquez, Susan MacLaury

Overcoming challenges was one theme of the evening. In a keynote address to kick off the event, , co-founder and CEO of Rising Tide Capital, shared her journey from Ethiopia to Harvard to Jersey City, where she started her nonprofit that helps urban entrepreneurs start businesses. Her goal in launching RTC was to provide economic opportunity to others, after she overcame hardships growing up in Ethiopia.

Alfa Demmellash on stage with microphone.
Alfa Demmellash delivers the keynote address.

Later, as a panelist, Demmellash talked about the importance of leading from vulnerability and finding your power from that. But she also advocated having fun, letting yourself relax and finding trusted allies you can quit to (where it won鈥檛 really count) when you鈥檙e feeling discouraged.

co-founded Pre-Health Dreamers to help undocumented students pursue health care careers after undocumented relatives had trouble accessing medical care. Marquez said it could be hard to find undocumented people willing to tell their story publicly鈥攁n important tool for fundraising and building support. But eventually the people she was helping would realize 鈥渨e鈥檙e not going to gain anything if we stay quiet,鈥 she said. Marquez also mentioned that her age鈥攕he started Pre-Health Dreamers in her late teens鈥攎ade funders think it was merely a student group. 鈥淚t was really tough keeping my morale up,鈥 she said.

Denisse Rojas Marquez laughs as Susan MacLaury speaks
Denisse Rojas Marquez, left, laughs as Susan MacLaury speaks

, co-founder and executive director of Shine Global, a nonprofit film production company, said she was surprised to be invited to speak on a panel of entrepreneurs, because it wasn鈥檛 a word she had ever considered to describe herself. But throughout the discussion, she exhibited hallmarks of entrepreneurship, such as her belief that starting a nonprofit 鈥渢akes courage, but even more than that it takes a passion.鈥

, a former public school teacher who has been involved in many entrepreneurial endeavors in Newark, advocated the power of never being afraid to ask. She shared how her nonprofit applied for funding that seemed like a long shot, and learned that hearing “no” is part of every entrepreneur’s experience, but sometimes won big for Newark. She advised aspiring entrepreneurs to do their homework, engage various stakeholders to understand the problem and hone their solution, and then to dive in and see what happens.

Funding was a big topic of conversation during the event. The moderator, , managing editor of Entrepreneur Media, noted fundraising isn鈥檛 a transaction but a relationship, and the panelists agreed that they needed to keep building a base of supporters.

Moderator, in chair, asking a question
Linda Lacina, moderator

Marquez said she found that once her organization landed one well-known funder, it 鈥済ave a little more security鈥 to other funders considering a gift or grant. MacLaury agreed, and also talked about a connection that led to the actress Eve Longoria providing three-quarters of the funding needed for a documentary about American child migrant farm workers. Dumont echoed the importance of referrals, noting many Americans donate $25 here, $30 there because someone they knew asked. 鈥淭hey don鈥檛 remember the cause, but the friend who asked,鈥 Dumont said.

MacLaury said Shine Global鈥檚 board started as close friends and family, then people with expertise and then they tried to add wealthy people. 鈥淚t鈥檚 like building a web,鈥 she said.

Panelist with microphone, in chair on stage
Laurel Dumont, center, answers a question

Dumont, currently senior director of New Ventures at Leadership for Educational Equity, said it can be tough to be told 鈥渘o鈥 in fundraising, but she also figures the rejection is universal for nonprofit leaders. She said she might choose to take on the 鈥渘o鈥 if she believes there is bias involved but otherwise just walks away, noting you don鈥檛 have to fight every fight. But Dumont did advocate diving in to get started, instead of waiting for everything to be perfect. 鈥淒o what you can after hours. Do what you can with a small grant,鈥 she said. 鈥淚f you don鈥檛 put your idea forward, it will never sprout.鈥

All photos courtesy of聽