Jens Molbak, Founder & CEO, NewImpact and Founder of CoinStar
Jens Molbak, Founder & CEO, NewImpact and Founder of CoinStar

Jens Molbak, Founder & CEO, NewImpact and Founder of CoinStar

Samara Ly

46 min
Business & Finance
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<p>Jens is the founder of NewImpact, a humanity benefit nonprofit based in Seattle, WA.&nbsp; NewImpact is seeking to change the way the world finds opportunities and solves problems by pioneering the field of Tri-Sector Innovation.&nbsp; NewImpact inspires and enables innovators and organizations to design solutions and business models that repurpose and realign the best resources available within the private, social and public sectors.&nbsp;</p><p>Jens first realized the potential for tri-sector innovation when he founded Coinstar in 1990. His goal was to create a company that could simultaneously benefit the private, public, and non-profit sectors. Today, Coinstar has processed trillions of coins and billions of dollars for millions of people, raising over $150M in donations to nonprofits and saving the government billions of dollars, all while providing a valued consumer service and increasing spendable cash power. After the success of Coinstar, Jens realized tri-sector business models could be applied to many types of organizations, with the potential to help transform society.&nbsp;&nbsp;</p><p>Jens has been invited to present tri-sector methodologies at numerous keynotes, business school presentations and curriculum, before the United Nations, and at other gatherings, and he is always seeking opportunities to share his vision for a world where social and economic progress are available to all.&nbsp;</p><p>We talked about the story of Coinstar and when the mission came into it, how he learned how to talk about it, the tri-sector model in more detail. I'm sure you're wondering about it, including some examples of it.</p><blockquote class="ql-align-center"><em>“I would just encourage people who are starting companies or existing companies to really think about a tri-sector mindset out there, and I think they can grow their companies faster.” - Jens Molbak</em></blockquote><p><br></p><p><strong>Today on Startups for Good we cover:</strong></p><ul><li>When mission became a part of Coinstar</li><li>Attracting in

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