"We're all for the creation of more sustainable consumer products, and we're certainly all for the creation of a vibrant clean energy sector. But our current global crisis demands that we go beyond these goals, and ask ourselves whether our investments are helping re-define how wealth and risk are being allocated in our economy. To pick one example - would it be great if the "next McDonald's’’ served healthier fast food? Sure! But arguably even more important is to redefine how workers are treated and paid, how executive compensation works, how wealth is created up the supply chain and who benefits when the company does well."
Morgan Simon and Isabelle Clerie, Salon.com
"When it comes to rebuilding a country, not all resources are created equal. Charity and donations can help in the short-term, but harm the economy over the long-term. Private capital can help local businesses get back on their feet, but also perpetuate entrenched inequality. Rebuilding efforts can seem beneficial, but end up going to waste when they don’t account for the needs of communities. Finance and private capital can play a huge role in rebuilding Puerto Rico, but we must draw key lessons from what went wrong in Haiti to ensure that this time, we get it right."
Aner Ben-Ami, Impact Terms Project Blog
"If a company is building a water distribution system in Kenya or local food hub in North Carolina, why would they be funded using the same investment terms that were used to fund Snapchat, Instagram or Uber? When was the last time you saw an artisan sourcing project IPO or get acquired by Google?
Morgan Simon, Stanford Social Innovation Review
"We remain hesitant to invest in funds whose sole impact thesis is job creation. Clearly undeserved communities with high unemployment rates need access to jobs. But “job creation” is a slippery concept: Outside of true innovation and demand generation, we can’t do much more than move jobs from one zip code to another. And even when jobs are created in a low-income community, if they are low paying, then by definition they are precisely what keep those communities locked into cycles of poverty."