It is an exciting time in our history when large investments are directed toward metrics of impact rather than solely return. The question is, how to define impact in these cases, and measure it quantitatively. For that matter, the idea of impact investing opens a whole new can of worms--Who is to decide these metrics? How can we equitably define impact? Should there be some process meant to periodically evaluate and review these decisions?
Article Excerpt: Alliance asked Daniel Izzo, partner and co-funder of Vox Capital in São Paulo, Brazil, what led him to impact investing, how he sees the concept developing in Brazil, and what the future holds for social businesses.