British Firm Brings Venture-Capital Principles to Philanthropy
September 1, 2009 | Read Time: 1 minute
The emerging trend of venture philanthropy is spotlighted in the Telegraph, in a report focusing on the London fund Impetus and its chief executive, Daniela Barone Soares.
A veteran of the U.S. private-equity house BancBoston Capital and the global relief charity Save the Children, Ms. Barone Soares applies the due diligence and benchmarking techniques of venture-capital firms to its investment in a select group of nonprofit organizations that tackle economic disparity.
The firm provides four to five years of money after a thorough review of the charity’s personnel, operations, and objectives. “We really hold them accountable to what we agree to, without allowing them to deviate,” Ms. Barone Soares said.
