Viewpoint: Entrepreneur as Agent of Social Impact and Its Implications on Development Work
Two years ago, a startup founder who was one of the grantees in my portfolio, proudly informed me on Skype that they were undergoing due diligence for a potential investor. I was immediately delighted since the “leverage ratio” or the additional amount in private sector funding generated by every dollar of philanthropic grant has become one of my key performance indicators as a USAID Grants Manager. While I was mentally celebrating how sexy my annual evaluation would look from this news, I asked “Who is the investor?”.
Photo courtesy Thirdman.
Source: MzN International (link opens in a new window)
- Categories
- Investing
- Tags
- impact investing, scale, SDGs, startups, systems change
