# kaal:claim:4685567-008

**Claim.** 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.

**Type.** failure  **Support.** argued

**Holds when.**

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

**Source quote.**

> 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.

**From.** Wulf A. Kaal, *Impact Investing Innovation - From Impact 1.0 to 3.0* (2024), Impact 1.0, page 11

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

**Verify.** sha256 of source PDF `87fb1be89d2661967ed2b0b673fe26448ded3bc3119b122177a4fc13ae5c085c` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202024%20-%20Impact%20Investing%20Innovation%20-%20From%20Impact%201.0%20to%203.0.pdf

**Failure mode.** Network Bound Deal Selection  (family: information-asymmetry)

**Topics.** economics

**Keywords.** network-bias, deal-flow, market-visibility, impact-1-0

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.