Dan Pallotta got a roaring standing ovation at the closing session of TED 2013.  I agree with the importance of the topic – fixing philanthropy is critical for the future.
<p>His TED Talk went online today:
</p><p>"The nonprofit sector is critical to our dream of changing the world. Yet there is no greater injustice than the double standard that exists between the for-profit and nonprofit sectors. One gets to feast on marketing, risk-taking, capital and financial incentive, the other is sentenced to begging.”
</p><p>“Business will move the mass of humanity forward but will always leave the bottom behind.”
</p><p>“Philanthropy is the market for love.”
</p><p>“Non-profits have been a flat 2% of GDP since 1970.  How can you take market share if you can’t market?”
</p><p>“Between 1970 and 2009 the number of nonprofits that grew to over $50M of annual revenue was 144, versus 46,136 for-profit companies in the same period.”
</p><p>“From old Puritan beliefs, charity was penance for profit making.  How can you make money in charity if charity was your penance for making money?”
</p>
“Don’t ask about a charity’s overhead percentage. Ask about the scale of their dreams, how they measure progress and how they plan to execute.”
Steve Jurvetson
CC BY 2.0
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