Seattle-based entrepreneur, Mike Galgon, once co-founder of the advertising giant aQuantive, is now the CEO of Global Partnerships, a philanthropic organization. A change in perspective has led him to invest in underrepresented communities in Africa and Latin America, applying his business acumen to create socio-economic change.
Galgon, whose company was sold to Microsoft for $6 billion, now dedicates his resources to empower marginalized communities. His main focus lies on the coffee plantation sector where women, who are often overlooked, govern. By utilizing his wealth and influence, he aims to revolutionize this male-dominated industry and support these tenacious women.
Commenting on the work-ethic of these industrious women, Galgon states that their tenacity and relentless pursuit of success despite hardships set a new benchmark for entrepreneurs everywhere. He aspires to create a ripple effect via his philanthropy to bring about widespread positivity.
Galgon’s association with Global Partnerships spans over 20 years. His first encounter with the organization took place in Guatemala, inspiring him to join their board of directors and eventually serving as a chairman.
CEO uses ad strategies for socio-economic upliftment
His tireless dedication to the organization is seen through his constant involvement in multiple projects.
Bill Richter, the retiring co-chair of the board at Global Partnerships, speaks highly of Galgon, acknowledging him as an innovative, and strategic-thinking leader, uniquely suited for thriving in emerging markets. Richter is confident of Galgon’s potential to lead Global Partnerships towards a vibrant future.
Since its initiation in 1994, Global Partnerships has expanded its reach from Seattle to Bogotá and Nairobi, providing over $770 million in investments to social enterprises in underserved regions. The invested funds have significantly affected the local economies, improving access to basic services, and bettering the lives of many. Guided by their mission to connect capital with a purpose, they help fuel the growth of social enterprises committed to addressing society’s most pressing issues.
Galgon’s future plans involve highlighting the efficacy of loans in “impact-first” investments. He envisions these loans not just as financial tools, but as proof of the potential of such investments. He likens this approach to his advertising business where monitoring customer return rates was paramount.
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Publish date : 2024-08-02 07:42:00
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