Be a Mentor with Mentor Capital Network
Creating opportunities for experts to be valued.
Be a Mentor
Be part of a network of hundreds of diverse, global professionals that build, manage, invest in, advise and/or support multiple-bottom-line companies. As a mentor, not only do you get to meet world-changing ideas, inventors and social entrepreneurs, you help them launch and scale to make the world a better place. You get the opportunity to impact the next generation of sustainable businesses. You also connect with other mentors and meet new peers and colleagues.
As a Business Plan Mentor, we will team you up with other experts with different perspectives (i.e. marketing, finance, operations, supply chain, investment, etc.) to read, review and provide feedback to a company from your particular point of view. Both you and the entrepreneur will get to see all the feedback from the team of mentors.
We also ignite ongoing mentor relationships. We know long-term mentor relationships happen when both the Mentor and Entrepreneur choose each other. Our Mentor Team methodology lets you connect with many entrepreneurs, and the entrepreneur to connect with even more mentors, through the business plan mentor process. We hope many of you will leverage this opportunity to build long-term relationships.
Why Mentor with us?
Mentor Capital Networs offers you a unique opportunity to leverage your lifetime of business skills to strengthen companies that are truly making the world a better place. And we respect your time. You can sign up as a Business Plan mentor and commit just 3-5 hours of your time, where you want, when you want, over 2 months. From the comfort of your own space, you will be introduced to world-changing ideas and be given the opportunity to make them even stronger. If you want to provide more mentoring, we are here to help make that easy, sharp and effective.
This is a life-changing experience for which you will be valued, and one which you will value.
Click here fore quotes from Mentors an Entrepreneurs.
When can I get started?
We are currently looking for Mentors to help us in May/June 2014. If you sign up as a business plan mentor, we will send you 2 business plans for your review and feedback. This requires about 3-5 hours of your time.
If you have never mentored with us before, please fill out the form at: https://wjf.wufoo.com/forms/k1vvzvm1oqv5cq/
If you want to mentor for us again in May, please email email@example.com.
How it works
The William James Foundation invests "Mentor Capital" in the next generation of socially and environmentally sustainable for-profit businesses. We have a pool of several hundred individuals (many of whom are listed here) who volunteer with us as reading judges and/or mentors for our entrepreneurs.
Our mentors have created, managed, invested in, or studied multiple-bottom-line companies. We have subject-matter experts in areas where we see a lot of entrants (e.g. renewable energy, base-of-the-pyramid business development, impact investing, sustainable agriculture, public health, etc.) as well as individuals who are currently building their own sustainable companies. The average reading judges has 15-20 years of experience, although we will make exceptions for current entrepreneurs.
Our mentors review and provide constructive comments on business plans over a 30-day period. On your own schedule. We provide mentors with feedback scorecards, sample useful mentor feedback, example comments, feedback on company from other mentors, and the option to remain anonymous or stay connected with the entrepreneur.
Want to learn more about being a Mentor?
Apply to be a Mentor!
Quotes from Mentors and Companies about being part of the Business Plan Competition:
"Your process and scorecard are truly first rate, better than other competitions I am involved with. Very well done!" – Mark Albion is a co-founder of SVN and Net Impact, and the author of True to Yourself and More than Money: Questions every MBA needs to answer. Mark is a seasoned mentor and also helps us recruit mentors.
“I thoroughly enjoyed serving as a judge, particularly given the range of submissions I read. As someone with a busy schedule who is pleased to review and score innovation challenge competitions, grants, awards, and the like, I'm afraid not everyone is as organized or uses people's time as efficiently, effectively, and respectfully [as the WJF].” – Dr. Terry Babcock-Lumish currently directs Islay Consulting, and has been an economist for the US White House. She is a mentor and an in-kind prize donor.
“The [WJF] matched qualified judges with the appropriate business plan, and provided constructive feedback. Their competition sets a good example for other social business plan competitions to follow.” – Michael Callahan entered the WJF competition with PowerMundo in 2008. PowerMundo operates in rural Peru, managing a worldwide distribution network for clean technology products and supports new local economic development in emerging markets.
Nuru Energy sells a portable, rechargeable LED task light that mimics the characteristics of kerosene, in terms of its functionality and the way it’s consumed through microfranchise businesses. Sameer Hajee, founder and CEO, recalls "We’ve won now about 20 awards. Many of them came after the WJF award. The WJF was one of the first awards we won that helped us initially prove our concept. But of all those 20 awards, the WJF was the only one where we actually had access to a lot of the feedback from the judges and it was fantastic in helping us to adapt the model. We just put together our business plan for this next fundraising round and I went back to all the WJF judges’ comments to see whether or not we had addressed some of the issues that were raised there. That’s been really helpful for us, even two, three years after we won the award."
DayOne Response develops and supplies solutions for disaster relief, including the DayOne Waterbag, which is a lightweight reusable personal water treatment device that provides all the essential functions for water purification. Tricia Compas-Markman, founder and CEO, says “For social enterprises that are in that early stage prior taking on investment, I really think that all [of those] companies should be involved with the WJF competition because it provides immediate feedback on your plan, even if you only get through the first round. The feedback helped build our team focus. It should be in the entrepreneur handbook – you’ve got to do WJF.”
Ecozoom makes clean, highly efficient, and durable cookstoves accessible and affordable in developing countries. CEO Ben West recounts "It’s amazing what you accomplish here. We’re behind it, I wish we had more time to promote and reciprocate as well. I think it was really being in touch with those who reviewed our plan that was the most helpful."
EGG Energy delivers electric power to low-income African households; one battery at a time creating a portable grid. Co-Founder Alla Jezmir says "Just affiliation with the William James Foundation name has been a great asset. We’ve been very successful in winning business plan competitions, and the Foundation is always recognized as one of the leaders and supporters of social entrepreneurs and having been vetted by the Foundation is helpful to additional capital raising efforts we’ve had."
KeoK'jay employs HIV positive Cambodian women to produce handcrafted, eco-friendly fashion clothing and accessories. Rachel Faller, CEO, says "I liked hearing the feedback from different judges both from their personal experiences and a technical standpoint. The feedback of this competition is what makes it so valuable, and I was also pleased that so many of the judges were willing to share their email addresses and receive more questions from us. "
Malô creates and sells affordable, culturally appropriate rice-based products in Mali that enhance the health of mothers, children, and the planet. Salif Romano Niang, Co-Founder, thinks "The [WJF] feedback by far is the most comprehensive, detailed feedback we've had, and we have participated in a lot of competitions. And the fact that judges are willing to have you follow up with them is great."
Atayne makes high performing outdoor and athletic apparel that is safe for people and the planet. Founder Jeremy Litchfield, thinks "The biggest part is the connections created. It also helped us to get feedback in designing our plan in order to actually launch. I’ve maintained contact with judges that evaluated our plan and that was over four years ago."
Micro Market Developers brings together ‘idea originators’ from the bottom of the pyramid with ‘idea mentors’ who are subject matter experts and ‘idea investors’ to foster the inception and sustainable growth of thousands of enterprises.Uzair Sukhera, founder, recalls "Insights from judges helped us find our blind spots. It also helped us figure out that what was [written in] our plan wasn't fully representative of our mental plans. Though we had answers to the questions raised by judges but we did a poor job in documenting them. This was valuable feedback."
New American Tavern is a movement to build restaurant/bar/cafés for people who care about politics, current events and community. Todd Schechter, Founder, says "I invested my time into applying to [the WJF] because I knew that it would offer me a guaranteed return on investment: feedback!...The most unexpected aspects of the experience that have helped me have been the softer ones that come from becoming part of the WJF community."
Prosperity Candle empowers women to rebuild their lives through candle making. Founding Partner, Siiri Morley, remembers "The feedback from the judges was great...The biggest value for our team was the internal process of getting a business plan together and really making sure that as the three founding partners, we were all on same page about what we were doing and why we were doing it."
Snack Packers delivers by bike healthy, individually portioned snacks to offices around Washington, DC. Snack Packers is a socially, environmentally and health conscious company trying to help everyone create less waste (or less waist, as they like to say). Ali Cherry, Founder, says "When I think about starting a business, the scariest things are questions. It can be stressful to have people poke holes in your idea. But those holes are necessary for building a solid foundation…Through the WJF process, more than 20 reading judges, 3 in-person judges, and many other contacts asked me really hard questions about my business that I wouldn't have thought about. The process of answering these questions was incredibly helpful to make sure that I thought through all the different elements of what goes into a strong business."
Soupergirl serves fresh, homemade soup made with ingredients from small local farms that practice sustainable farming methods in Washington, DC. Sara Polon, founder, recalls "I started Soupergirl with a very extensive to-do list that 4 years later I still haven't completed. [The WJF competition] forced me to finish a business plan, and run the financials completely for Soupergirl. The feedback was fantastic, and helped reveal where I could save money, and where I had growth potential."
StartSomeGood empowers people from around the world to become social innovators. They've taken the crowdfunding model and customized it to reflect the unique needs of social entrepreneurs. Alex Budak, co-founder, says "The amount of feedback we got on our business plan was pretty incredible – nearly 75 pages all told from expert judges. And winning the prize of co-working space at the Affinity Lab has been so valuable. I’m now surrounded by a great community here."
Tandem is a global strategy and organizational development consulting group that helps organizations do good and do it better. Founder Seisei Tatebe-Goddu, says "WJF made us focus in the early stages and provided us with extraordinary feedback. We had never had so many people looking at our business plan at the same time before, and their comments challenged and stretched the way we thought about the company."
Vari aims to provide convenient and hassle-free resources to farmers in India so that they can sell their produce on their own terms (i.e. price, location and buyer) and to initiate exchange of information between seller and buyer, thus developing commercial activities without total reliance on intermediaries. Sai Krishna Dandamudi, founder, says "The judges’ feedback helped me to further develop my revenue model which has helped as Vari continues to grow. The William James Foundation judges did a great job at giving me constructive feedback."
Verde Sustainable Solutions uses technology and private sector products to solve today's environmental problems. They created the VERDE iPad app to help consumers reduce their electricity usage in homes and businesses through a home energy audit. Jamie Johnson, founder, recalls "Of all the things I’ve applied for, the WJF’s process was the best. The trick was the feedback the judges gave – it was a 5 or 10 page document with really thorough criticism....I’ve applied for hundreds if not five hundred different foundations projects or programs or different things, and I’ve never gotten thorough feedback. All WJF judges gave a unique thorough opinion about what my product is lacking and that was really beneficial. It actually led to some product design changes in the middle of what we were working on, which was really helpful. I really think the thorough feedback was helpful and I did reach out to all of the judges and I kept a relationship with at least one of them, which has been really helpful."
WeBike offers simple, flexible, affordable bike sharing in a station-less package. Co-founder Allie Armitage recounts “We entered the [WJF Competition] two times. The first time we really didn’t know what we were doing with the business plan, [and] hadn’t put a ton of time into it, so we got ripped apart, but the feedback was great and it was our first time really coming up to an audience that was going to look at the viability of the business and give you critical feedback on that.”
Wello empowers individuals to use the WaterWheel as an income-generating tool to lift their families out of poverty. Cynthia Koenig, founder, recalls "The feedback I received from WJF was far and away the most comprehensive, detailed and useful feedback I’ve received. In fact, over 2 years later, I still refer back to my feedback forms! I'm still in touch with a few of my judges, who continue to provide advice, feedback, and support."