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HBR IdeaCast

The VC Fund Closing Equity Gaps — and Making Money

Aug 8, 2023
26:40

Podcast summary created with Snipd AI

Quick takeaways

  • Investing in ventures that address access and opportunity gaps is crucial for creating wealth and fostering justice in startup investing.
  • Evaluating startups should go beyond financial outcomes and prioritize founders with lived experiences and aligned values to create more impactful and value-aligned investment strategies.

Deep dives

Investing in Impact Startups to Create a Better Future

Frida Capre Klein and Mitch Capre, founders of Cape War Capital, discuss the importance of impact investing and their book 'Closing the Equity Gap'. They believe in investing in companies that not only make money but also address access and opportunity gaps. They emphasize the need to consider who will be better off and who will be worse off if a business succeeds. They provide examples like an educational technology company that offers affordable tutoring to low-income communities, closing the gap in educational achievement. They also emphasize the importance of a founder's distance traveled, resilience, and commitment to the company's mission.

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