Ron Cordes used to get patronizing pats on the head from the traditional financial advisors he once worked with. Now, many of his former colleagues are asking him to help them get smarter about impact investing. “They used to say, ‘That’s great, you’re solving the big problems. We’re just slogging away in the traditional investment
Trend-spotting is one of the key attributes of impact investors, and LeapFrog Investments spotted a big one: rising demand from emerging middle-class families for insurance against risks that threaten to plunge them back into poverty. LeapFrog Investments is a private equity investor in companies providing financial services for individuals earning between $1.25 and $10 a
To get a chance, girls need education. But millions of girls in Africa skip up to one school day out of five. One reason: Many can’t afford or don’t have access to the sanitary products they need when they menstruate. At least partly as a result, drop-out rates climb sharply once girls reach puberty. In
Meeting the needs of emerging middle-class consumers in the developing world will spawn some very large businesses. D.light design, for one, has an ambitious goal: Reach 100 million people by 2020 with its inexpensive solar-powered lanterns. That could be dismissed as just another marketing claim if the company weren’t already more than one-quarter
Successful impact investors see around corners, bank on long-term trends and shrewdly assess risk. Oh, and it also helps to know Elon Musk. DBL Investors, a $225 million impact investment firm in San Francisco, had all of those factors going for its investment in SolarCity, now the largest solar installer in the country, worth nearly
The Media Development Loan Fund began making equity investments more than 15 years ago. Last year, it finally changed its name to Media Development Investment Fund. The new name also better reflects the broader approach of the “media bank.” It takes more than financing to create strong, independent media companies in chaotic political and social environments.
Kristin Richmond and Kirsten Tobey faced a fundamental design constraint when they launched Revolution Foods on the site of a former McDonald’s near Oakland, Calif.: About $3 for each lunch served. The UC Berkeley Haas Business School graduates were designing a line of healthy, nutritionally balanced meals for California’s primary and secondary school students, and