Articles by Max Pichulik
NexThought Monday – Impact White Washing?: When any deal in a developing country with a few generic metrics can be considered impactful
Max Pichulik, who runs an investment accelerator in South Africa, argues that it is way too easy for fund managers to declare themselves as impact investors. Unless we ensure meaningful rating systems, provide adequate education to the marketplace and have clear safeguards in place, Pichulik says that impact investors run the risk of placing capital with marginal impact.
Solutions and innovation won’t come from established sources. It will take new models and entrants that will shift the agriculture sector. A new wave of entrepreneurial innovation needs to grip the food value chain as it has the technology sector.
We need to start getting serious about the cultural and economic forces that are holding back impact investors, if our collective intent is focused on scale and impact. We need to start finding winners, and we need to start looking in places we wouldn’t expect them to hide.
My biggest advice to entrepreneurs looking to do something purposeful: build a model which ’never’ sacrifices commercial profit for ’purpose’ or vice-versa. I believe that the most impactful businesses in the 21st century will maximize both. If you are looking to create a purposeful business, then focus your energies on the for-profit first.