Do investors care about impact? Often, no: they're more focused on the warm fuzzy feeling of 'doing good'. But some are accepting moderate returns for more impact, and they're crucial to the growth of early-stage social enterprise.
Eight years after it was created amid a buzz of optimism, the Global Social Entrepreneurship Network has shut for good. Its closure has stark lessons for those supporting social enterprises, writes GSEN co-founder Krisztina Tora.
PLUS: $100m MacArthur grant to end homelessness; Dutch VC fund backs digital-only fashion house; ImpactAssets custom investments surge; new pooled fund for southeast Asia; Resonance's launchpad loan for mums' mental health; and more.
PLUS: A first crowdfunded impact bond Israel and a new ‘career impact bond’ for American students; MacArthur Foundation’s catalytic capital investment; new climate fund from Aberdeen Standard and Big Issue Group, and more.
Social investors are still too focused on internal battles – distracting them from the huge potential impact they could have by partnering up. Big Society Capital's CEO makes the case for the (sometimes) more difficult path of collaboration.