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Bill Drayton on Social Entrepreneurs

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Bill Drayton Bill Drayton, the innovator who popularized the term "social entrepreneur," talks to Senior Correspondent Maria Hinojosa about why he thinks social entrepreneurship is the next big thing. Drayton runs Ashoka, an organization that finds and fosters social entrepreneurs around the world. He is Bill Clinton's pick to become a winner of a Nobel prize.

Interview Excerpts

"What does an entrepreneur do? The first thing is they've given themselves permission to see a problem. Most people don't want to see problems ... Once you see a problem and you keep looking at it you'll find an answer."

"It's the combination: big idea with a good entrepreneur: there's nothing more powerful. That's just as true [for] education and human rights as it is for hotel or steels."

"The citizen sector is now growing jobs at three times the rate of the rest of society."

"The social entrepreneurs are governments' best friends ... Yes the social entrepreneurs are challenging the governments, but that's very healthy."

"Two of the last three Nobel [peace] prize winners have been social entrepreneurs. This is a recognition that our field is maturing."

About Bill Drayton

Bill Drayton Bill Drayton is the founder and CEO of Ashoka, an organization that offers venture capital for social entrepreneurs. He is also chair of Youth Venture, Community Greens, and Get America Working.

Before creating Ashoka, Drayton worked as a management consultant for McKinsey and Company in New York and as Assistant Administrator at the U.S. Environmental Protection Agency.

In 2005, Drayton was chosen as one of America's 25 Best Leaders by U.S. News & World Report. Drayton graduated from Harvard University, and has been recognized as one its 100 "Most Influential Alumni." He also attended Yale Law School and Oxford University.

Related Links

» Ashoka

» NOW: Enterprising Ideas

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