A traditional VC and an NGO partnering to launch an impact VC, interview w. Eric Gossart (Serena - Racine^2) 🤝
Description
Key insights:
* Interview with Eric Gossart, Partner at Serena’s impact fund Racine^2
* Racine^2 has unique criteria as part of their impact methodology: they take into account the accessibility and affordability of all solutions (also for climatetech) 🌍
* Eric recommends launching an impact VC fund as a collaboration between a VC and a non-profit if you are already an established VC household name - but less so if you are an emerging manager 🤝 In general, mixing DNA is always a good idea, but it does not necessarily have to go through a partnership
* Racine^2 is an impact-first VC fund. Some of the impact returns of the social deals increase the overall impact performance of the fund. Some of the financial returns of the environmental deals increase the overall financial performance of the fund ⚖️
Thanks for reading Impact Supporters! Subscribe for free to receive new posts and support my work.
Agenda:
* Rationale for investing in climate 🔥
* Partnering with a non-profit 🏢
* Racine^2’s impact methodology 📊
* Choosing impact KPIs 🎯
* Balancing impact and financial returns 💰
* Tips to generalist and impact VC investors 🧠
This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit impactvc.substack.com
United States
