Never miss another interview! Join Devin here: http://bit.ly/joindevin. Read the full Forbes article and watch the interview here: http://bit.ly/2LZNn5k. Eva Yazhari, co-founder and CEO of Beyond Capital, a nonprofit organization that makes profitable, seed-stage investments in India and East Africa, says the nonprofit status “is vitally important for us.” Operating as a nonprofit has allowed the organization to attract pro bono resources that made the fund operationally possible. “If you think about a fund of our size, the economics don't work when you're taking a two and twenty,” she says referring to the standard venture fund model of charging investors a 2% management fee plus a carried interest of 20% of the profits. The Beyond Capital fund is just $1.8 million, meaning that a 2% management fee would pay only $36,000. Read the full Forbes article and watch the interview here: http://bit.ly/2LZNn5k. Check out my free webinar where I share the secrets of successful nonprofit crowdfunding at http://crowdfundingforsocialgood.org.
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