Abstract
In order to lessen financial burdens of the social welfare budget, a new type of the organizations was created- social enterprise. It produces the financial benefit and social benefit at the same time. Besides, it breaks the conflict between the creation of social value and of economic value. However, social enterprises also need to raise capital, and there is few research to explore this issue; therefore, there is a demand for conducting a research relating to the source of fund of social enterprises. For start-up companies, they usually raise capital from venture capital so that this research would focus on social enterprises and venture philanthropy. For venture philanthropy, the investment dimensions mainly expand upon the two basic constructs- public interest and economic interest, but the investment criteria might vary from venture philanthropy to venture philanthropy. Besides, the importance of the measurement variables depends on the position of philanthropy spectrum. Aside from that, venture philanthropy shares with the same theoretical organizational model of venture capital, but it does not mean that they have the same selection dimensions. Even though the investment criteria might vary from venture philanthropy to venture philanthropy, the investment criteria must have the dimension of social impact and self-sufficiency for venture philanthropy. However, the trustworthy entrepreneur, along with the potential for social impact growth and for earnings growth are also important because the successful investment highly depends on the funding team.