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Dan Viederman
Partner at Working Capital Fund
Dan Viederman is a prominent social entrepreneur and the Managing Partner at Working Capital Fund, a venture capital firm established in 2017. His focus is on investing in innovative solutions that enhance labor rights and improve conditions for vulnerable workers within global supply chains.12
Background and Experience
- Leadership Role: As Managing Partner, Viederman engages with entrepreneurs and tech innovators to develop tools aimed at scaling improvements for marginalized workers. His work emphasizes the use of emerging technologies, such as AI and blockchain, to foster transparency and accountability in supply chains.25
- Previous Positions: Before joining Working Capital Fund, he served as the CEO of Verité, a non-profit organization dedicated to combating forced and child labor through research and corporate engagement. Under his leadership, Verité received accolades including the Skoll Foundation Award for Social Entrepreneurship in 2007.14
- Education: Viederman holds a degree from Yale University and an MA from Columbia University’s School of International and Public Affairs. He also studied Chinese at Nanjing Teacher’s University.23
Contributions to Social Impact
Viederman's efforts have been pivotal in promoting systemic changes within supply chains, focusing on ethical practices and sustainable development. His commitment to social justice has made him a recognized figure in the fields of social entrepreneurship and impact investing.56
Highlights
The much-missed Steve Viederman would be pleased by this announcement, that the California Endowment will invest it's full corpus with a mission orientation. And he'd also wonder what the heck took so long (tho' he'd phrase it more colorfully).
The Noyes Foundation started doing this in 1989. A decade later in 2011 Dad wrote a piece entitled 'The Bermuda Triangle of Philanthropy' in which he described philanthropic foundations to be "like old-fashioned slot machines": "They have one arm and are known for their occasional payout. Their finance committees manage their endowments like investment bankers. Their portfolios give no hint that they are institutions whose purpose is the public benefit. Although it is twenty years [now 30!!!] since the term “mission-related investing” found its way into the lexicon of philanthropy, the practice is limited. There is a chasm between mission – grantmaking – and investment. The logic of a synergy between the two has yet to take hold."
Now it's yet another decade later and we have in the California Endowment another example to join Noyes, Heron, Nathan Cummings, Ford's recent commitment among but a few others. Congratulations to the Board there for taking this step. I hope this makes it yet easier for others to follow.
I had but one modestly-sized view into the vast, multi-layered World Economic Forum Annual Meeting in #davos, but mine felt pretty powerful. My personal highlights include:
1️⃣ Formalizing our Working Capital Fund investment collaboration with SAP. They know so much about global #supplychains and are genuinely committed to #socialprocurement, I'm excited for the value that they will bring to our #impactinvesting work. Supply chains are not optimized for social impact. WIth the help of SAP and our existing Limited Partners, we will change that, to the benefit of workers, communities, producers AND to the businesses that employ and engage with them. Alexandra van der Ploeg, Hemang Desai, and Jennifer Beason are great collaborators and really nice people.
2️⃣ Plotting with Sophie Otiende to structure #supplychains so that they have zero #forcedlabor. Businesses should commit to tangible, measurable progress against forced labor in (at least) parts of their supply chains. We in investment, civil society, government and academia should collaborate with them to finance the tools, incentivize the adoption, and measure and communicate the achievements, creating a virtuous circle of progress.
3️⃣ Supporting the launch of the Rise Ahead Pledge https://lnkd.in/et2Sj6kx, a ground-breaking effort to mobilize business in support of deep social change. As Julia White of SAP said, "“Our commitment to the pledge goes beyond corporate responsibility; it is about the future of business and about being part of a global movement towards an inclusive economy.” Congratulations to Daniel Nowack, Alexandra van der Plough and Jean-Philippe Courtois for spearheading this, and recruiting the 13+ businesses who have already signed on.
4️⃣ Exploring collaborations with others who are (smartly) looking to mobilize investment capital to solve social problems, notably Poman Lo, Juan Manuel Martínez Louvier, Kieron Boyle, Leslie Johnston, Ajaita S., Jonathan Wong, Chantal Line Carpentier, Nina Hoas. There is rightfully lots of attention to #climatefinance, but there was also a necessary and clear recognition that social and human needs must be addressed in the transition to a clean energy economy.
5️⃣ Feeling the love from the Schwab Foundation for Social Entrepreneurship and its extraordinary staff Dr. François Bonnici, Daniel Nowack, Gwendoline de Ganay, Katerina Hoskova. They provide us with a home among the teeming streets (and shopfronts, and meeting rooms, and bars) of Davos. I'm grateful to them and their colleagues.
