Mar 5, 2018
Today's guest is Jesse Sullivan, the founder & CEO of Alter, a nonprofit on a mission to transform the developing world through high growth entrepreneurship.
The company finds the most promising ventures in developing countries and helps them scale by accomplishing what billions of dollars of aid have largely failed to do: building businesses, leaping over gaps in infrastructural development and creating thousands of jobs locally.
Alter is in four countries—Haiti, Afghanistan, Cuba, Myanmar—and is working with 17 ventures. Alter also recently announced a $1 million donation from the Pineapple Fund and a $2.5 million donation from Chris Larsen, the founder of Ripple.
Despite the negative headlines that we often read, this story demonstrates that cryptocurrency does not only have to make a new class of millionaires, billionaires, and lambo owners—it can support development work and world-changing social investment.
In the past 2.5 years, Alter has turned every donated dollar into four dollars of value-added services in the companies they work with. These companies have created over 1,200 jobs and grown their revenue by a combined $102 million.
We talk about how this tech startup is making a difference using technology and a new way of thinking. Learn how cryptocurrency is already redefining social investment.