kaal:claim:4685567-007

Because Impact 1.0 lacks a liquid and efficient funding marketplace, donors protect their interest by overinvesting in process rather than in impact outcomes directly.

Because Impact 1.0 does not support a liquid and efficient marketplace for funding, funding results in Impact 1.0 are logistically difficult to attain. To protect their interest in impact results, donors often overinvest in the process not in impact outcomes directly.

Wulf A. Kaal, Impact Investing Innovation - From Impact 1.0 to 3.0 (2024), Impact 1.0, p. 11
https://ssrn.com/abstract=4685567 · source PDF

Wulf A. Kaal, Impact Investing Innovation - From Impact 1.0 to 3.0 (2024). SSRN: https://ssrn.com/abstract=4685567

• absence of a liquid impact funding marketplace

failuresupport: arguedfailure: Overinvestment in Processfamily: liquidity-and-market-structure-failuredefieconomics

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