tag:blogger.com,1999:blog-3614581.post2002845034431583099..comments2024-03-28T03:11:22.839-07:00Comments on PHILANTHROPY 2173: Almost everything you ever wanted to know about Impact InvestingLucy Bernholzhttp://www.blogger.com/profile/09253941214286179394noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-3614581.post-91631941437820988792011-10-03T20:57:50.146-07:002011-10-03T20:57:50.146-07:00Lucy- if you want a sizing of the market, there ar...Lucy- if you want a sizing of the market, there are several studies. Not sure they convinced me, but take a look at JP Morgan report from Nov 2010 for the most widely cited. <br />Also, I'd encourage you to look at the Innovations Journal from SoCap... in particular the article from Milligan and Schoning from Schwab Foundation "... the hype is obvious. The (social capital) market is not ready to absorb commercial capital on anything close to the order of magnitude being talked about...." As Antony points out, there is some danger in putting unrealistic expectations on this emergent field. <br />Paul (Bopreneur blog)Bopreneurhttps://www.blogger.com/profile/18394890260699883067noreply@blogger.comtag:blogger.com,1999:blog-3614581.post-5364745684249721872011-09-05T19:43:31.025-07:002011-09-05T19:43:31.025-07:00I received the following email from Antony Bugg Le...I received the following email from Antony Bugg Levine:<br /><br />"Thanks for the thoughtful review. I am especially heartened that you recognize the balanced approach we have taken and our recognition of the decades long history of innovation from which impact investing emerges. Agree that it would be great to size the market rather than assert its <br />importance--just not sure how to do that at this point without making spurious assumptions that create a number for people to over-promote but without real substance behind it. My hope is that with IRIS and GIIRS beginning to aggregate information we will be able to create increasingly comprehensive bottoms-up measures over time.<br /> <br />On the broader point about our failure to connect the impact investing story to a broader discussion of the need to transform our systems of government, civil society and markets--I agree that would be a useful step forward for the conversation. Perhaps that's the next book, a few years from now, once impact investing has put real money to work and we can start to think about what this means beyond saying it will be disruptive."<br /><br />Antony makes an important point - sizing the market, which I think is key, needs to be done carefully and well. Certainly this can be done. And there is concern that some will make more (or less) of the size analysis than is warranted. I remain convinced that we need to know how the current and potential size of the impact investing market as we consider the policies that might expand it. Thanks, Antony, for writing in.Lucy Bernholzhttps://www.blogger.com/profile/09253941214286179394noreply@blogger.com