Impact investors want a 6 percent return plus measured outcomes and early-stage ventures rarely deliver both

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A social enterprise that takes venture capital has to sell eventually and the mission lock rarely survives the exit Social impact bonds pay investors only when outcomes improve and the first UK prison scheme ended early Measuring impact for a cheaper solar lantern means choosing proxies and SROI numbers move with the assumptions Incremental innovation pays the bills and radical innovation gets the press and the funding A social enterprise earning 80 percent of revenue from sales is a business with a mission and a very thin cushion A startup that disrupts one step of a value chain gets bought before it disrupts the rest Franchising a social model spreads it fast and leaves the brand doing quality control it cannot afford A seed round buys 18 months and the Series A bar now sits near $2 million in recurring revenue An academic founder's publication record opens customer doors and closes investor ones Employing people who have been out of work for years costs more than the wage subsidy covers