Welcome back to a brand new season of the Eccles Business Buzz! In Season 4, we explore the Eccles School Value of Confidence to Impact Your World. We'll hear from students, alums, and other friends of the David Eccles School of Business, all about the people and experiences that have impacted them, the ways they are impacting others, and what we can all do to build confidence in our own ability to make a difference.
Today, we kick things off Jim Sorenson. Jim is a world renowned entrepreneur, business leader, and impact investor. He has built highly successful companies and industries ranging from technology and life sciences to real estate and private equity investment, and he is celebrated as a pioneer in the impact investing sector.
In 2013, Jim provided the David Eccles School of Business with a $13 million endowment to create the Sorenson Impact Center, with the mission of cultivating impact investing expertise in students and building the social impact fields. And thats just the tip of the iceberg when it comes to Jim’s contributions to the Eccles community and beyond.
Jim joins host Frances Johnson to talk about how his parents & family inspired his line of work and giving back, the intersection of business and social impact, how the Sorenson Impact Center & their experiential learning opportunities are helping the next generation of impact investors, and his latest endeavors with Catalyst Opportunity Funds and Enable Ventures.
Eccles Business Buzz is a production of the David Eccles School of Business and is produced by University fm.
Episode Quotes:Student desire for social impact today
[21:18] I think the students of this generation come much more aware of the human condition. I think they are more interested in utilizing their talents, abilities, and time to contribute to and address these things, particularly things of inequality or things that affect our planet and the risks that we face in the world today.
On building his microfinance venture
[13:07] I realized also that you really needed an ecosystem ultimately to be able to engage capital, educate investors, and create a marketplace, and there weren't intermediaries or places to go for this type of expertise.
The key to advancement on impact investing
[27:07] If you can engage the sectors of academia, government, nonprofits, foundations, and impact investors in a common effort, you can really move mountains in terms of advancing impact investing.
On creating a sustainable and equitable
[24:17] To be able to address these factors of zero poverty, no hunger, and equitable access to education. I'm really heartened that with the progress we're making in impact investing, if we continue on this trajectory and path, and it's a growth rate of about 40% a year, we're going to be able to make a meaningful dent and create a much more sustainable and equitable world that we live in.
Show Links:- Sorenson Impact Center
- Sorenson Impact Advisory
- Impact & Prosperity Epicenter at Eccles
- Lassonde Studios
- Bob and Lynette Gay Health and Prosperity Center at Eccles
- Sorenson Capital
- Catalyst Opportunity Funds
- Enable Ventures
- Muhammad Yunus
- Paul Farmer