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Quote by Jacqueline Novogratz

“I was encouraged to break all the rules but to take the best of philanthropy, the best of investing, and the best of development finance, and experiment with new ways to create this venture capital model of using philanthropy to back patient capital investments, and then build solutions that were measured in terms of the kind of impact and change they were making on people's lives and in the world, not just on the financial return.”

Quote by Jacqueline Novogratz

Author

Jacqueline Novogratz

Jacqueline Novogratz is an entrepreneur born on March 15, 1961. She is renowned for her leadership and innovation in the non-profit sector, particularly for her work on global poverty issues. more

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“When I first went to Africa, I thought that I was personally going to save the continent, if not the world.”

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“The only way we really create change is to enter any situation with the humility to listen and to recognize the world as it is, and then the audacity to dream what it could be, to have the patience to start and let the work teach you, to be willing to lead when you need to lead, and to listen. To have a sense of generosity and empathy, but not over-empathy, because accountability is so critical to building solutions that work.”

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“If there's one value that is immutable, it's integrity or respect, for others and for yourself.”

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“The best change that comes to the world is when all parties are seeing each other as equal, and all parties have the opportunity to be transformed. That really goes back to the idea of dignity.”

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“One of the first things that surprised me in a positive, wonderfully positive way, is that this works - patient capital works.”

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“By going from the bottom-up again, we see where successes work, and you can also see where the status quo can be the biggest obstacle or roadblock to success. The kind of entrepreneurs in whom we need to invest are the kind who are willing to fight that status quo, bureaucracy, complacency, and corruption.”

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“If you're looking at distributing alternative energy in Nigeria, for instance, what gets in your way is not people's ability to pay, not people's desire for a clean solar lamps or biomass opportunities. But there is a strong status quo that really depends on selling diesel.”

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“There are 60 million generators in Nigeria. The generator owners and distributors have a strong incentive to not encourage the distribution of solar and other alternative energies, even though it's better for the country, it's better for people. As a world, we've got to get more serious about confronting those obstacles. This knows no culture, no race, no ethnicity.”

“I still feel that the kind of leader I want to be is one that spends time understanding our work in a way that allows me to translate it for policymakers and people who have real access to resources.”

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“I feel like I'm a relentless, pragmatic, determined optimist.”

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