Check out this article in BusinessWeek this week, with the following sub-headline: "Specialized funds are springing up that help socially concious outfits, and even conventional capital wants its share."
As the number of socially motivated companies has grown, so have the ranks of investors interested in funding them. Just about everyone seems to be getting into the act: successful entrepreneurs who've sold their own companies; specialized funds; philanthropic enterprises such as Google.org, Google's $1 billion charitable arm; community development venture capital funds, which invest in companies that provide jobs to unskilled workers or help develop underserved areas; angel investing groups—and the list goes on. Says Cathy Clark, director of the Research Initiative on Social Entrepreneurship at Columbia Business School: "It's a very hot area."Check out the rest of the story here.
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