We believe that the future of SIBs and social finance is brighter than ever. But if we are to create a true social capital market, we must be more rigorous, intentional and outcomes-driven than the current approaches.
When I was 17, I was rather intent on doing something to "save the world", which is not so unusual at an age where your ideals drive a lot of your ambitions. What perhaps was unusual was that I was already resolute on my plan to do so.
Since impact investing is searching for the sweet spot between high-net-worth individuals' expectations for responsible investing and effective channels for catalyzing social change, we need to ensure that this financial instrument is not abused
It is not easy to develop a working relationship between investors, nonprofits, and related government funding bodies, but there is potential here to create the kind of partnerships that are needed to make a difference.
At this critical moment in history, when it is easier than ever before to reach out, touch, and shape another person's life, we have fewer excuses to not contribute to re-shaping our world for the better.