When Michael Traill, investment banker turned social entrepreneur, went touting for funds to make a bid for the collapsed childcare group ABC Learning ten years ago, more than one person told him it was a flight of fancy.

Why would hard-headed investors put their money into a venture based on the assumption, as Traill recounts it, that “a bunch of do-gooder non-profits could run a very large-scale business and do social good.” Traill surprised the doubters: the money from charities, private investors, banks and government that he helped bring together into a winning bid created a highly successful social enterprise called Goodstart.

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