The Sachin and Adam Show Combining Social Impact with Investing with Giant Leap Partner Adam Milgrom
Dec 9, 2020
Adam Milgrom, partner at Giant Leap Fund, discusses impact investing, sustainable living, and investing in startups. They explore the challenges of measuring impact, the distinction between impact investing and entrepreneurship, and the future of socially responsible investing. They also delve into a day in the life of a venture capitalist and discuss future trends in technology and influential recommendations in the investing space.
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Investing Requires Impact And Returns
- All companies create impact and investors can choose to back those with positive effects.
- Giant Leap targets venture returns while requiring founder motivation, impact-locked revenue, and measurable outcomes.
Measure Impact With A Framework And Metrics
- Use the Impact Management Project spectrum to classify companies' impact and then assign measurable metrics.
- Work with founders to create proxies for impact that evolve as companies scale.
Local Grocer Example Shows Scalable Impact
- YourGrocer helps independent grocers offer supermarket convenience while keeping millions in local communities.
- The fund measures current impact (dollars kept local) and envisions systemic farm-level benefits if the model scales.