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On Being with Krista Tippett is a public radio project delving into the human side of news stories + issues. Curated + edited by senior editor Trent Gilliss.

We publish guest contributions. We edit long; we scrapbook. We do big ideas + deep meaning. We answer questions.

We've even won a couple of Webbys + a Peabody Award.

Asking Questions about “Patient Capital” and Social Entrepreneurship: A Video Interview with Chris Farrell
Trent Gilliss, online editor

Producing programs on the ethics of foreign aid and international development can be challenging and fortifying, particularly our shows on the subject — or my interview with Patrick Bellegarde-Smith about the state of Haiti. Not everything a guest says will ring true to the listener’s ear. It’s in the very nature of individuals like Jacqueline Novogratz and Binyavanga Wainaina to penetrate the bubble of our own preconceived notions, or at least play on that elasticity.

But that doesn’t mean we shouldn’t clarify and ask follow-up questions that might round out, or downright challenge, these ideas. It’s good to listen but also to have a good healthy dose of skepticism and the willingness to check it out.

While producing this week’s program, we did just that. I asked Krista if she would sit down again with Chris Farrell, our chief economics correspondent, whom you probably hear most often on Marketplace and Marketplace Money.

Personally, I wanted to better understand some of the terms that Jacqueline Novogratz was using — sometimes as points of differentiation and, at other times, interchangeably. Terms like “donor” and “investor” or even ideas like “venture capital” and “return on investment.” I also wanted to get a lay of the land, a broader view about what “patient capital” (which, Chris says, applied to dot-com startups like Google at one time) means to the larger financial and investment sectors.

Chris gives a helpful history of the origins of social investing, addresses some of this prevailing skepticism, and tells us that he thinks of markets as “chat rooms” as much as “listening devices.” This interview is well worth your while if you want to better understand social entrepreneurship and how we might help others in need.

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Jacqueline Novogratz’s Favorite Teachers
Nancy Rosenbaum, associate producer

In response to Krista’s interview with Mike Rose, many people shared stories of teachers who noticed a talent or interest and encouraged their students to develop it in ways that opened up doors of possibility. Likewise, Jacqueline Novogratz, an upcoming guest on SOF, tells stories about three of her most influential teachers on My Teacher My Hero.

Novogratz runs the Acumen Fund — a philanthropic venture capital fund that invests in scalable entrepreneurial businesses in developing countries. Krista’s interview with Novogratz will serve as the next installment in our evolving "Ethics of Aid" series. We had our pre-edit listen yesterday and are planning to put the show on the air in late January, so stay tuned.

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