Acumen Fund is one of our first partners and has received the largest grant to date from Google.org.
Acumen would only have to put up 15% or 1.25 25 million um as as collateral in case there would be losses.
Acumen , how it started, what we've been doing. Um it's the precursor because Acumen Fund really came out of 20 years
that Acumen has had in dealing with some of the key issues that we all see affecting the world around us.
Then Acumen can play a role.
with Acumen itself, et cetera?
today Acumen has about $40 million um in invested capital around the world.
It was to the acumen of people in the business community to really understand that we are all connected.
So in many ways Acumen has moved from simply focusing on entrepreneurs that are trying to solve specific problems of poverty, Prasad,
Not just Acumen , but the world is starting to see that we must move from shareholders to stakeholders.
The partnership between Acumen and Google goes a long way certainly, both with financial funding as well as office locations and so on.
We started Acumen because we wanted to solve the toughest issues of poverty.
technologies and using your acumen to make a difference around the world in the ways that you can we're also seeing that many people
And idea-designers and Acumen folks went out and were out in India working with these organizations for several weeks, designing new social marketing campaigns, community outreach strategies,
she started the acumen fund which emphasizes funding and supporting entrepreneurs
In the case of Acumen Fund, and this goes back to what Jacqueline was talking about, um
So in the 16 years that Acumen has been around, they've funded almost 100 companies, more than $100 million.
Probably the biggest-- when we started Acumen , it was clear to us that markets alone were not going to solve the problems of poverty,
The world I get to see and Acumen gets to see is the next generation that is looking for new rules altogether.
venture with IDO so that Acumen and IDO are now studying consumer behavior trying to understand whether there might
really is the precursor to Acumen Fund, although it ends with the last three chapters being around the early years of
on this front where um I acumen people often ask me well do you how do
So we do a lot of work looking at financial acumen .
And so I have been personally involved with Acumen myself for several years now and I've always been amazed by the thinking and the vision
been on this journey for 16 years with Acumen and certainly your own roots in the social sector
There's a lot that we collectively believe in both Acumen as well as Google in terms of being a positive force for the world
And I think it needs some smart marketing acumen applied but I think it really is beginning to happen.
And its management principles are as impressive as Buffett's investment acumen , though they are far less appreciated.
But it wasn't only Rich's vision and his business acumen , but also his wrestling skills that came into play, I understand.
because I'm guessing that you have a relationship with Acumen as well, and on a project actually funded by the Bill and Melinda Gates Foundation.
And so Acumen was created on this idea that there was and is
Good business acumen being learned.
And I adored my mother and I respected my father's business acumen .
Barclays, in urging financial literacy and acumen , again suggests that those funds that you save should be spent on shoes.
If you think about it, when Acumen was started in 2001 the world was a very different place.
2006 Google supported us with a significant grant to really help put Acumen on the map.
we realized is we had gotten so caught up in the proper acumen of what
And then the third one is I genuinely believe that you have to combine business acumen with the ideals found your company, whether it's
And the reason that we are successful in our programs is because the business acumen drives what we do.
are hired for their science skill or their test pilot skills not for their business acumen and so I quickly learned
That was always the best, the business acumen .
have the, you know, the business acumen to to get into commercial real estate business cuz you can pass all the
And I had to bring my mom as a translator because my language is so much more casual than the business acumen that they use in the day to day.
And he ended up quitting his job and starting this company using his computer guys and his business acumen , if you will, to kind of get this thing off the ground.
And so I've been proud to be a part of this journey and a proud supporter of Acumen all of these years.
well before that, tell us what are you proudest of Acumen having accomplished to date?
And so I think that this drive as we've seen the world move from interconnected to interdependent allows Acumen to play a very different role on the capital
How do you see that evolving, and what role do you think Acumen and others should be thinking about as you think about capitalism itself?
And you're right, Google has been a critical party to Acumen from the very beginning.
And so I think that there's a myriad number of ways for Googlers to interact with Acumen through the technology,