Moving Beyond the Tradeoff Debate
Omidyar Network
262

Dear Matt and Paula,

Thank you for this very useful article. As an investor who is pivoting to impact investing, the impact vs. return discussion is one that I had a hard time navigating with potential LPs. I believe you’ve nailed it with two salient points: a) it’s a spectrum; b) sometimes the return comes in terms of building a market that currently doesn’t exist. I’m going to adjust our story and pitch based on your thinking.

Keep up the great work at Omidyar!

Cheers,

Frank Malek

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