Praise for BILLIONS OF DROPS in MILLIONS OF BUCKETS"Billions of Drops in Millions of Buckets provides abracing and original look at philan-thropy that offers amuch-needed corrective to conventional wisdom. Steve Goldbergcombines a resolve to understand why so much philanthropyaccomplishes so little enduring social change with a timely andserious proposal to reinvigorate nonprofit capital markets throughthe simplest of insights: getting more of the money to where it cando the most good. This book will change how forward-lookingphilanthropists, foundations, and policymakers think about therelationship between charitable giving and the transformativecapacity of social entrepreneurs."--Jerr Boschee, founder and Executive Director, TheInstitute for Social Entrepreneurs; Visiting Professor of thePractice in Social Enterprise, Carnegie Mellon University"Goldberg's arguments are logical next steps in the rapidlyevolving discussion of social capital markets. He offers ambitiousproposals informed by the reality of current practices and focusedon an achievable set of goals. He fully recognizes the potentialfor restructuring that is inherent in this time of financialhardship. Real change relies on big ideas, and Steve Goldbergoffers us several."--Lucy Bernholz, author of Creating PhilanthropicCapital Markets: The Deliberate Evolution"When I first heard about 'evidence-based medicine,' I thought:'you mean it isn't?' Read this book and that's how you'll feelabout 'performance-based philanthropy.' Goldberg takes some of thebest current management thinking and applies it to socialenterprise, illuminating both the encouraging successes of socialentrepreneurs and the barriers they face. Even better, he presentscompelling ideas for making the social sector vastly moreeffective."--Christopher Meyer, Chief Executive, MonitorNetworks"Goldberg calls for more 'performance-driven philanthropy,'where nonprofits are rewarded based on their results, in place ofthe current dysfunction. It is an important call and a valuablecontribution to discussions about how to improve nonprofits in theU.S. and internationally."--Martin Brookes, Chief Executive, New PhilanthropyCapital"Billions of Drops... is a must-read romp throughemerging fields of social entrepre-neurship and nonprofit capitalmarkets."--George Overholser, founder and Managing Director, NFFCapital Partners

About the Author.Prelude: "The Great Recession".Preface.A Word about Scope.A Style Note.A Case to Be Made.Chapter 1 The Disheartening Problem of"Scale"."All Children"."One Day".Transformative Social Impact.The Funding/Performance Disconnection.Small Caps and Large Caps.Mid-Caps and $100 Million Problems.Making the Most of a New "Golden Age".Foreclosing on the American Dream.Of Drops and Buckets.A Potential Inflection Point.Objectives of This Book.A Virtual Nonprofit Stock Market.Chapter 2 The American Underclass.American Social Progress: The Early Years.The American Dream Arrives.The American Dream Recedes.Consequences of Social Immobility.More Complex Solutions.Governmental Response Mechanisms.The Challenge of Producing Transformative Social Impact.Chapter 3 Fragmentation.Financial versus Nonprofit Capital Markets.Organic Growth Isn't Enough.Limits of Innovation.Market Adoption.Implications of Moore's Model.Why Does Transformative Impact Cost So Much?Moving toward Third-Stage Funding.The Not-So-Little Capital Market That Can't.Chapter 4 Intermediation."Better" Philanthropic Choices.An Economic Approach to Reducing Fragmentation.Extracting Information about Nonprofit Impact."Long-Tail" Economics.Between the Short Head and the Long Tail.Intermediation."Nonprofit Finance Agents".Closed versus Open Intermediation.Social Factor.Chapter 5 Growth Capital.Revenue versus Capital.Investor Confidence.Crossing the Funding Chasm.Making the Nonprofit World Safe for Growth Capital.Planning for Sustainable Growth.Accounting for Growth.Chapter 6 A Performance-Based Funding Market.The Work of Markets.The Illusion of Stock Prices.Market Dynamics.Financial Value versus Social Value.Up versus Down; More versus Less.Collective Intelligence.Chapter 7 Prediction Markets.An Illustration.Behind the Curtain.New Tools Proliferate.Kinds of Markets.Good Enough.Rank Intelligence.Chapter 8 The Impact Index.Designing the IMPEX.Determining Eligibility.Ranking Nonprofit "Stocks".IMPEX.org.Climbing Off the Drawing Board.Chapter 9 Crossing the Fundraising Chasm.Performance Measurement.Platform Leadership.Information Retrieval.We Know.Acknowledgments.Index.