Venture capital is more commonly associated with California’s Silicon Valley and highly leveraged millionaires investing in speculative tech ventures. The Omaha Venture Group, however, takes a slightly different approach, bringing a miniaturized version of the VC model to Midwestern non-profits.
Dusty Davidson describes his experience of OVG in a feature for the "Silicon Prairie News."
He depicts OVG’s model of fundraising as a combination of nonprofit and venture capital techniques:
"Based on the venture capital model of investing, young professionals make small personal or employee-assisted donations – also referred to as seed money – that are then invested into the OVG Grant Fund. Each year, three Omaha private family foundations make a donation of their own that matches the fund’s total."
The group leverages the resources of young entrepreneurs by pooling them together and then applying them to organizations that are near a "tipping" point. The return on investing in the OVG isn’t direct financial gain, but it pays dividends in the Omaha community and helps bring young professionals together in a non-commercial network.
OVG is constantly recruiting and seeking new members, with more information available via Sarah Gilbert at email@example.com.