Beyond warm glow: why early-stage social ventures need more impact-first finance

Dr. Markus Freiburg and Christina Moehrle

Do investors care about impact? Often, no: they're more focused on the warm fuzzy feeling of 'doing good'. But some are accepting moderate returns for more impact – and they're crucial to the growth of early-stage social enterprise. Dr Markus Freiburg and Christina Moehrle from the Financing Agency for Social Entrepreneurship on why catalytic funds – like the European Social Innovation and Impact Fund, a “rare find” – could be gamechangers.

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