Jens Molbak Discusses the Transformative Power of Tri-Sector Innovation on Startups for Good Podcast
In May 2022, Jens had the opportunity to sit down (virtually) with Miles Lasater, co-founder and CEO of Purpose Built venture studios and host of the Startups for Good podcast, to discuss the value and potential of Tri-Sector Innovation (“TSI”).
In this podcast, Jens discusses:
How being the child of Danish immigrants instilled in him a deep sense of civic responsibility and community-mindedness that has helped guide his career, from founding Coinstar in 1990 to the creation of NewImpact in 2021.
The challenges—and benefits—of folding mission and purpose into business models.
The power and potential of tri-sector business models, and how companies who have adopted them—including Propel, Inc, What3Words, MoCaFi, and more—are growing and thriving.
The challenges of building and developing software when you’re a small, startup nonprofit organization.
NewImpact’s broader tri-sector vision, in which every incubator, accelerator, venture and private equity fund could augment their bottom line by creating stronger tri-sector business models embedding impact and greater financial returns. What greater societal good might happen if universities and business schools folded tri-sector thinking into their core curriculum, and community foundations adopted the mindset when working with grantees or government programs? The potential is vast and transformative.
We invite you to listen to the podcast: https://www.startupsforgood.com/jens-molbak-founder-ceo-newimpact-and-founder-of-coinstar/
At NewImpact, we see that we have opportunity as a society to rethink how we deliver goods and services—using tri-sector innovation to leverage and repurpose the best existing resources across all three sectors, and align self-interests in service of the greater good.
If you’re inspired by this innovative concept, we encourage you to support our work!
