Check out The Blue Way, a recently published book from our partners The Blue Fund, illuminating a new progressive approach to financial investing.
As we’re gearing up for our launch, it’s interesting (and exciting) to read in this book about our Political "Mutual Funds" concept that is very close to becoming a reality:
NPC will also be able to roll out “political mutual funds,” portfolios of progressive organizations whose success is tracked using the political return on investment metrics. Like stock market mutual funds, these portfolios will exist to spread and manage risk; political investors will be able to put their money into a wide range of organizations with the confidence that the money won’t be wasted if one or two groups go belly-up.
It also feels great to hear that some of our ideas about political investing are finally catching on:
Similarly, the first step in overhauling our transmission is for progressives to look at political spending as an investment, not a donation. Kirstin Falk, executive director [sic] of the New Progressive Coalition (NPC), an early leader in the new blue financial infrastructure, explains the essential difference in attitude: "Donors have created the transactional relationship, which is basically about getting asked for money, writing a check, and that’s it. Investors provide time and expertise, not just money.… They have a long time horizon and bring a strategic view of what their money is supposed to accomplish."
