kaal:claim:4685567-008

Without a full view of the impact market, Impact 1.0 donors end up funding projects run by people already in their existing networks rather than the most qualified projects judged by objective standards.

Without a full view of the market, impact donors in Impact 1.0 often end up funding projects by people they know through their existing networks, not the most qualified projects based on objective standards.

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

• no central impact marketplace
• funding sources that are not well known

failuresupport: arguedfailure: Network Bound Deal Selectionfamily: information-asymmetryeconomics

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