Gumball Capital started in February 2007 when we competed in the Stanford Entrepreneurship Week Challenge. We came in to the Challenge as a few kids interested microfinance, the act of giving small loans to help low-income entrepreneurs grow their businesses. We came out of the competition with a big group of microfinance evangelists who spread the word to tons of students, and raised over $1,800 for microfinance loans. We also took home the grand-prize for Most Value Created!
After our success at E-Week, Gumball Capital began in earnest. We incorporated over the summer of 2007 and created the Gumball Challenge, which was run at five colleges in November of 2007-08 and another 5 colleges in 2008-09.
In 2009-10, we were recognized in several competitions, received 501(c)3 tax-deductibility status, and ran the Challenge at 15 schools including a pilot of the Challenge at several high schools and one Challenge in Beijing!
Moving forward, we're looking to expand the Challenge, focusing on both colleges and high schools, and getting students around the world more involved with entrepreneurship and poverty alleviation.
Web Project Manager
Written for the Gumball Corps, but free for you to chew on!
- Blow bubbles
Succeed by having fun and being yourself: energetic, young, intent on spreading excitement about entrepreneurship and poverty alleviation.
- Celebrate every quarter
Appreciate contributions of any kind, actively. Everyone's busy; metaphorical quarters mean a lot. It's 25 cents extra, not 75 cents short.
- Break the glass
Risk it. Don't wait for permission to try something new. Err on the side of action. Caveat: don't be unethical.
- Flatten spheres into circles
Minimize hierarchy. Eliminate unnecessary restrictions. Use round tables. Communicate from the same plane, not a higher one.
- Fit it on a Post-It
Tighten it. Short attention spans! Break sparingly.
- Share some sugar
Recognize the power of stories and symbols. Mohammed Yunus lent $27 to 42 women in 1976. We raised $3000 in 3 days on Post-Its. Stories inspire.
- Pop the ego
Realize we're only 1" in diameter. Microfinance isn't a panacea. We don't think of ourselves as changing the world. We're just making it a bit chewier.
- Remember to brush
Stay fresh. Chewing gets tiring. Cavities happen. Jaws dislocate. To prevent burnout, we leave everyone time for life.