How is “Impact Investing” different from “Social Responsible Investing” and “Venture Philanthropy?” And why does it matter?
I’m reading the new book just put out by the Rockefeller Foundation called The Power of Impact Investing: Putting Markets to Work for Profit and Global Good. The term “impact investing” was coined in 2007 at an event that the Foundation had that pulled together investors, entrepreneurs, and philanthropists to explore the blending of business models with social change. If you want a good introduction to the topic, I recommend the book. I am learning a lot and have been aware of these sets of issues for sometime.
To me, the blending of business profit models with social change and values is both inspiring and eliminates some of the earlier objections by those thinkers like Milton Friedman that bringing values into the business world detracts from the core responsibility of business. More on this to come.
For more check it out here: #ImpInv 7 Things We’ve Learned About Impact Investing in 7 Years
- http://www.rockefellerfoundation.org/blog/7-things-weve-learned-about-impact via @RockefellerFdn