In this way, these nonprofits can have a broader impact on helping to meet the social problems in the Bay Area. EF intends to translate the extraordinary successes of the technology industry into a platform for long-term community investment and prosperity. The entrepreneurial sector is comprised of entrepreneurs and their companies, venture capitalists, investment bankers, attorneys, bankers, search firms, accountants, and generally all of the service organizations that support the entrepreneurial companies. A social entrepreneur is an innovative, passionate leader of a nonprofit with a broad vision and bold ideas about effecting and sustaining change and solving complex problems in the community. They are continually engaged in learning and are accountable to their constituencies.
Venture philanthropy applies venture capital strategies to giving.
Most foundations, however, invest for a shorter period of time with a particular emphasis on program development. Describe EF's work with entrepreneurial companies. EF focuses on young companies and helps them develop a community culture. It facilitates their community involvement activities and helps grow and develop the companies' programs. In return, EF receives equity stock in each company for the EF venture philanthropy investments and its operations, as well as helping a company set up a fund of their own.