What is impact investing? It’s a question that gets asked a lot, even in the crowd that calls itself impact investors. I explained the general idea on-stage at The Nature-Accelerator in just three and a half minutes:
Five years ago when this blog was new, I posted an Ignite talk about the true purpose of business. Two years ago, I reprised that topic to help break the myth that the (sole) purpose of business is to maximize shareholder value. My podcast is almost a year old, and last week I not only (re)explained the Ignite talk with more words, but then spent the week talking what Apple, Google, Facebook, and...
Back in 2011 I left the world of tech and joined a world that has no universally agreed upon name. Back in 2011 it was the world of “social enterprise” and “social entrepreneurs” and those terms are still commonly used, but these definitions vary from organization to organization. These are terms that first arose in the nonprofit sector, and nearly all my work is with...
Put yourself in the shoes of a startup investor. Every day you review entrepreneurs, through a sort of funnel: very wide at the top and narrow down below, with only a few investments coming out the bottom each year. The average venture capital firm reviews approximately 1,200 companies in order to make 10 investments. At Village Capital, we make contact with nearly 10,000 entrepreneurs a year...
Last week was my sixth consecutive SOCAP in San Francisco. If you’ve never been, SOCAP is the largest impact investing event in the world. Over 3,000 attendees. Hundreds of speakers. Big and messy, but one place where you can meet 50 people in a week, all working toward the same goal of improving the planet. The impact above is the pile of cards I collected during the week. I stare at...
At a recent Seattle Impact Investing Group meeting, Leslie Christian was a guest speaker, sharing some of her wisdom on mixing impact with investing. Her wisdom is wide and deep, but one idea especially popped out: the paradigm of shareholder value, especially in regard to investors, risk, and return. Specifically, what we’re taught in Finance is the following equation: Revenues...
