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Endeavor Vision2020

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page 128 Not unicorns, but ZEBRAS! A collaborative team from Harvard Business School and Echoing Green reviewed more than 3,500 recent Echoing Green Fellowship applications to better understand hybrid models. This recent increase in the number of hybrids results in part from social entrepreneurs' willingness to be less dependent on donations and subsidies, as well as from an increased interest in creating sustainable financial models in the wake of the 2007-08 financial crisis. Today it is clear that the independence of social value and commercial revenue creation is a myth. THE HYBRID IDEAL: In the hybrid ideal, managers do not face a choice between mission and profit, because these aims are integrated in the same strategy. More important, the integration of social and commercial value creation enables a virtuous cycle of profit and reinvestment in the social mission that builds large-scale solutions to social problems." " 2006 37% 2010–11 ~50% NUMBER OF APPLICANTS RELYING ON HYBRID MODEL

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