Social entrepreneurship and venture capital are often an uneasy fit. The emphasis on fast growth and outsize returns can push founder to stray from their mission. Now, a new venture fund is marrying social impact and Millennial values with early stage investing—and redefining the term sheet in the process.
The fund, Aera VC, is a network of family funds seeking to boost social entrepreneurship by backing startups with the potential for high growth and VC-level profits. The twist: founders that receive funding from Aera are required to also give back in some way.
Aera, in part, is tapping the rapidly increasing interest among young, wealthy investors for their family offices to become more focused on impact, according to founder and serial entrepreneur Derek Handley. “Were trying to build a global community for the next generation of family offices,” says Handley.[…]
The full and original article can be viewed on Locavesting.com
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