445 | Arun Gupta: Venture Meets Mission - How Mission-Driven Capitalism Can Solve Societal Challenges
Jan 12, 2024
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Arun Gupta, CEO of the NobleReach Foundation and co-author of Venture Meets Mission, discusses collaboration between business, government, and society to solve societal challenges. They explore mission-driven politics, rebuilding trust through ecosystem collaboration, and the generational opportunities of technology and policy. Additionally, they cover societal perception of career choices, connecting students with mission-oriented opportunities, and building resilience in areas like national security and climate change.
Collaboration between different sectors is crucial for solving societal challenges.
Aligning venture with mission-oriented activities can lead to significant societal impact.
Encouraging a culture of experimentation and risk-taking in government can foster innovation and problem-solving.
Deep dives
The importance of mission-driven collaboration
Collaboration between different sectors is crucial for solving the country's big challenges. There is a need for businesses, government, and society to work together in a mission-driven way to address societal problems.
Venture meets mission
Venture represents the entrepreneurial spirit of creating, building, and taking risks. It is essential to align this venture mindset with mission-oriented activities that aim to provide real societal good. By connecting the entrepreneurial spirit with the mission of government and the country, collaborations can occur to solve significant issues such as climate change, national security, healthcare, and more.
The artificial choice of profit vs. nonprofit
There is a misconception that making money is separate from doing good work for societal impact. It is possible to have profit-oriented ventures that contribute to the greater good. Encouraging young professionals to pursue both profit and mission-driven goals is key to solving complex problems.
Changing the government's approach to failure
Government should promote a culture that embraces experimentation and risk-taking, similar to the entrepreneurial ecosystem. Encouraging innovation in government requires creating pathways and infrastructure that support collaboration between the private and public sectors. By introducing an 'innovation general' alongside inspector generals, a space for testing and failing can be created, fostering a more risk-tolerant environment.
Building mission-oriented spaces
Students and professionals interested in mission-driven work can pursue opportunities in various sectors, including climate, healthcare, national security, defense, and food security. These areas offer the chance to make real societal impact while also fostering innovation, talent acquisition, and financial growth. Building spaces that emphasize mission and provide mentorship and support can attract driven individuals dedicated to problem-solving.
Arun Gupta, CEO of the NobleReach Foundation and co-author of Venture Meets Mission: Aligning People, Purpose, and Profit to Innovate and Transform Society, joins The Realignment. Marshall and Arun discuss the need for business, government, and society to collaborate in the face of massive societal challenges, what a mission-driven politics could look like, how working together across ecosystems can rebuild societal trust, and the generational opportunities at the intersection of technology and policy.
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