We don’t think you need to sacrifice profit to make an impact. When impact is baked into your business model, if you achieve financial success, you’ve almost certainly created a lot of impact too. So we’re looking for companies that, if successful, will become unicorns.
How do you know if you run an impact company? Well, do the three statements below apply to you?
> We address one of the biggest challenges of our time
> For every unit we sell, there is a unit of impact
> If we remove the impact, we remove the business
If yes, congrats, then you are our kind of impact company!
Enable more entrepreneurs solving global challenges
more capital invested in impact as an asset class
*Amount needed to fully finance the SDGs, according to the UN
Select impact KPIs and set targets, to be approved by our Advisory Committee
Commitment to impact and sustainability is included in the Shareholders Agreement
We are entitled to up to 20% carried interest above a 1.25x preferred return subject to achieving at least 60% of the impact targets. That means our financial remuneration is linked to the company’s impact!
How to measure impact is a hotly debated topic. When we started out, we talked to the key thought leaders and reviewed the existing best practices and frameworks. There is no one gold standard, especially when you are dealing with very early-stage start-ups that have limited resources and constantly evolving business models, so we’ve taken the best of what we could find and adopted it to the needs of early-stage start-ups.
Is our impact measurement method perfect? No. Are we at least directionally right? We think so. We are constantly learning and evolving, but one thing we know for sure - you have to start somewhere. Feel free to use and share our templates. Do you think we can do it even better? We want to hear from you!