We found a new way to support our Non-Profit Literacy Partners

Posted by admin on 06.16.2009 at 1:24 pm

Great news!  As you probably already know, promoting literacy has always been woven into the fabric of our business.  Now we’re delighted to announce we’ve given an ownership stake to our non-profit literacy partners.   Yup…we’ve granted Incentive Stock Options to these partners – as far as we know, a first for social enterprise.

The purpose of the plan, put together with the help of our primary investor, Good Capital, is to ensure that our literacy partners can have a stake in and share in our financial success.

We’ve put aside roughly 5% of the company for use in stock option grants to an initial group of five literacy partners (with potential to add others in the future):  Books for Africa, Invisible Children, Room To Read, WorldFund and the National Center for Family Literacy.

One of our fearless leaders Xavier Helgesen puts it best:  “We created Better World Books to show that it is possible to do good while at the same time run a successful company.  Our literacy partners are essential to our mission, and we want them to flourish.  Today’s announcement ensures that as our company grows, our partners will too.”

Check out the press release to get all the details. Or read more about it at Change.org.

3 Comments » | Tagged Impact, Our Partners, better world books, books for africa, Good Capital, Incentive Stock Options, invisible children, National Center for Family Literacy, room to read, Social Enterprise, social entrepreneurship, worldfund, Xavier Helgesen

We can’t thank you enough!

Posted by Dana on 05.07.2009 at 12:31 pm

It is because of you — all of you — our amazing customers, book drive organizers, librarians, fans and friends that we were voted THE MOST PROMISING SOCIAL ENTREPRENEUR by Business Week.

We are so proud of what your support has been able to do for our Non-Profit partners.  So far we have:

With your help, Books for Africa, Invisible Children, Worldfund, Room to Read and the National Center for Family Literacy are doing amazing things to increase literacy around the world!

Thanks!  And please keep spreading the word!

2 Comments » | Tagged Impact, Our Partners, book drive, books for africa, business week, BusinessWeek, invisible children, National Center for Family Literacy, room to read, social entrepreneur, social entrepreneurship, Social Impact, Winner, worldfund

Hippie 2.0?

Posted by admin on 06.10.2008 at 1:43 pm

News source Profy.com has an article by editor Cyndy Aleo-Carreira about us, entitled: Hippie 2.0: Better World Books Is Proving You Can Make Money Being Green:

There are those who would assume that running a business that keeps old textbooks out of landfills, takes those books and sells them at a low price, and then buys carbon credits to offset emissions that result from shipping those books is actually a charity. How could a company ever make money by trying to do good things for the environment? Better World Books is out to prove those doubters wrong.

Read more over yonder.

[ed. note: Now I know the betterworld.com team isn't far from Haight Ashbury but as a New Yorker I resent this hippie tag, harumph.  (kidding!  thanks for the support, Cyndy!)  However, we've actually raised $4.5 million, not just $2.75 (the difference is the money we've raised for libraries)!]

Have your say » | Tagged Show Us Some Love, press, profy.com, social entrepreneurship

Relevant New York Times Article on Social Entrepreneurs

Posted by David on 05.21.2008 at 7:22 am

Make sure to read the March 21st article in the New York Times written by David Brooks, entitled “Thoroughly Modern Do-Gooders”.  This is an excellent article on Social Entrepreneurship and there are many points from the article that connect directly with what we have built here at Better World Books.

Have your say » | Tagged Dispatches from the Green House, Uncategorized, david murphy, new york times, social entrepreneurship

Holiday Gift Ideas

Posted by admin on 12.17.2007 at 10:59 am

As I wrote previously, the holidays offer a chance to give gifts with a little more meaning than that new “Best moments of Reality TV calendar.”  I also wrote about Charity Navigator but I failed to make the connection.  I’ve been searching through the blogosphere and I’ve been seeing plenty of suggestions for gifts to your coworkers, clients or like minded friends and there’s one that keeps coming up:  Note the fourth idea at this website: “Make a donation in their name to a charity like Kiva or Room to Read.”  That Kiva idea sounds strangely familiar… but how about Room to Read?  Did you know that for only $250 you can sponsor a girl’s education for a WHOLE YEAR via Room to Read?  Amazing!  $10,000 will construct a library and fill it with books, puzzles, games and furniture.  Seriously.

I’ve already elucidated why Kiva is great, and if you look around and listen then you know that all of our partners are fantastic but if you’re not sold, Riches for Good, an excellent blog about social responsibility did a report called “Seven Best Bets for International Giving.”  The report shows the only seven international non-profits that have both Fast Company’s Social Capitalist Award and Charity Navigator’s 4 Star Rating.  Room to Read is one of those illustrious seven!

If you’re not sure that people want gifts in their name so much as gifts in their hands, there’s still some great options.  Obviously you could buy a book from us where you’d be certain that portions of profit would go to our partners and that shipping would be carbon neutral (and free in the US).  But if you’re in the mood for something different check this out:

Flipanthropic is a company that sells flip flops through their site, Flipanthropy.  A new product comes out each year and the two founders donated all the startup money so 100% of your cash goes to support Room to Read and Women for Women International.

Have your say » | Tagged Uncategorized, happy holidays!, off-topic, philanthropy, social entrepreneurship

David Murphy in Hong Kong to Address 2007 Cyberport Venture Capital Forum

Posted by admin on 12.03.2007 at 8:36 am

Better World Books’ President and CEO, David Murphy, is in Hong Kong to address the 2007 Cyberport Venture Capital Forum on “Building Creative Businesses that Can Do Well and Do Good”.  With over 300 Venture Capitalists from both Hong Kong and mainland China expected to attend, the Forum hopes to inspire the participants on a collection vision to build businesses which can do well economically and also do good for the community.

According to Nicholas Yang, Chief Executive Officer of Cyberport, “our distinguished and successful speakers will share their experience on how they bring profits to their companies and benefit society at the same time.  Investors and entrepreneurs will also share their insights on how to seek out, fund and build companies/business models which can do well and do good at the same time.  We believe more that more businesses in the future will embed social elements in their operation and strategy, to help create a better society for future generations in which to live, to work, to enjoy, and to dream.”

Please click on the link  below to find out more information regarding the 2007 Cyberport Venture Capital Forum.

Venture capital forum set for December 4
News.gov.hk – Hong Kong

Have your say » | Tagged Uncategorized, david murphy, hong kong, press, social entrepreneurship

Fast Company’s 2008 Social Capitalist Awards

Posted by admin on 12.01.2007 at 10:08 am

Attached you will find the article from Fast Company magazine (Dec/Jan issue) that announces their “2008 Social Capitalist Awards.” This is the fifth year Fast Company has selected outstanding companies for their social impact; however, in the past, they have only focused their search and selection process on the non-profit community.

2008 Social Capital Award – Fast Company.pdf (1.25 MB)

This is the first year that Fast Company embarked on an experiment to look at the for-profit sector for those companies that are truly making a social impact and changing the world. Thirty one companies applied and ten winners were selected…..including Better World Books!! Fast Company teamed up with the Monitor Consulting Group and some other outside social venture expertise to apply a rigorous methodology for selecting companies that, in the end, explicitly place social good ahead of shareholder return.

Take a look about what they say about your company….it is certainly nice to see a highly respected institution like Fast Company/Monitor Group verify (again, after a ton of examination), understand (they clearly “get” all that we do and the impact we are making in the world) and publicly applaud our business model.

I like the closing paragraph to the Social Capital Awards article here….worth highlighting for all of you.

“Change the world. Make some money. Raise more money, and make more change. It is an appealing prospect. Nonprofits were born because for-profits weren’t addressing some market failures — pollution, poverty, illiteracy. Profits won’t cure those ills, but it’s becoming a bigger part of more solutions. Perhaps it’s dawning on us that the cost of capital for changing the world should be lower. Perhaps the capital markets will cut the world a break.”

It goes without saying that this award is YOUR award….each and every one of you who make Better World Books run. Congratulations on being such an integral part of not only this recognition but in changing the world….one book at a time.

Have your say » | Tagged Uncategorized, awards, david murphy, fast company, press, social entrepreneurship

Students Switching Activism to Boardroom

Posted by admin on 08.16.2007 at 7:48 pm

This week, The Boston Globe published an article highlighting the work of the Responsible Endowments Coalition, a non profit organization that works with college students across the country to foster social and environmental change through university endowments.

The REC’s work to create responsible investment practices at universities mirrors Better World Books commitment to social entrepreneurship that creates a positive social and environmental change.

Click here to read the Boston Globe article.

Have your say » | Tagged Uncategorized, boston globe, social entrepreneurship