For venture capital funds, an impact certificate listing performs a due diligence function, because the follow on investor inherits all the project performance data generated through the impact certificate marketplace.
Source quote, verbatim
Through the projects' success that is validated through the impact certificate, the venture capital follow-on investment benefits from all the project performance data that is generated through the impact certificate marketplace.
Wulf A. Kaal, Impact Investing Innovation - From Impact 1.0 to 3.0 (2024). SSRN: https://ssrn.com/abstract=4685567
Holds when
projects with larger capital requirements over time
impact validated through the certificate
Classification
designsupport: arguedinnovation
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