Edited by Jennifer M. Walske, Visiting, Distinguished Scholar, Berkeley Haas, Adjunct Professor, USC Marshall and Managing Director, Myriad Investments and Katherine J. Klein, Edward H. Bowman Professor of Management, Wharton School and Faculty Co-Director, Wharton’s Impact Investing Research Lab., USAWith Contributions by: Brian Trelstad, Tasha Seitz, Tyler Wry and Michael Brown

• ContentsForeword viiiPreface xi1 An introduction to impact investing 1Brian Trelstad and Jennifer M. Walske2 Investing in mission-drive startups 26Jennifer M. Walske and Brian Trelstad3 Measuring impact 59Maoz (Michael) Brown and Jennifer M. Walske4 Increasing diversity and overcoming bias 81Katherine Klein5 Sourcing and screening investment opportunities 105Tasha Seitz and Tyler Wry6 Business and impact due diligence 124Tasha Seitz and Tyler Wry7 Structuring investments and valuing companies 144Tasha Seitz and Tyler Wry8 Post-investment management and portfolio support 159Brian Trelstad9 The future of impact investing 176Brian Trelstad, Jennifer Walske, Michael Brown, TylerWry, Katherine Klein, and Witold HeniszGlossary 199

‘Exceptional and thoroughly “reader friendly” in organization and presentation, An Introduction to Early-Stage Impact Investing is the ideal and comprehensive DIY tutorial in successful financial investing. Composed of nine erudite and informative contributions by experts in the field. An outstanding and recommended pick for personal, professional, and college/university library Money/Finance and Business/Entrepreneurship Investment collections and supplemental Economics/Venture Capital curriculum studies lists.’

Edited by Jennifer M. Walske, Visiting, Distinguished Scholar, Berkeley Haas, Adjunct Professor, USC Marshall and Managing Director, Myriad Investments and Katherine J. Klein, Edward H. Bowman Professor of Management, Wharton School and Faculty Co-Director, Wharton’s Impact Investing Research Lab., USAWith Contributions by: Brian Trelstad, Tasha Seitz, Tyler Wry and Michael Brown

• ContentsForeword viiiPreface xi1 An introduction to impact investing 1Brian Trelstad and Jennifer M. Walske2 Investing in mission-drive startups 26Jennifer M. Walske and Brian Trelstad3 Measuring impact 59Maoz (Michael) Brown and Jennifer M. Walske4 Increasing diversity and overcoming bias 81Katherine Klein5 Sourcing and screening investment opportunities 105Tasha Seitz and Tyler Wry6 Business and impact due diligence 124Tasha Seitz and Tyler Wry7 Structuring investments and valuing companies 144Tasha Seitz and Tyler Wry8 Post-investment management and portfolio support 159Brian Trelstad9 The future of impact investing 176Brian Trelstad, Jennifer Walske, Michael Brown, TylerWry, Katherine Klein, and Witold HeniszGlossary 199

‘Exceptional and thoroughly “reader friendly” in organization and presentation, An Introduction to Early-Stage Impact Investing is the ideal and comprehensive DIY tutorial in successful financial investing. Composed of nine erudite and informative contributions by experts in the field. An outstanding and recommended pick for personal, professional, and college/university library Money/Finance and Business/Entrepreneurship Investment collections and supplemental Economics/Venture Capital curriculum studies lists.’

Edited by Jennifer M. Walske, Visiting, Distinguished Scholar, Berkeley Haas, Adjunct Professor, USC Marshall and Managing Director, Myriad Investments and Katherine J. Klein, Edward H. Bowman Professor of Management, Wharton School and Faculty Co-Director, Wharton’s Impact Investing Research Lab., USAWith Contributions by: Brian Trelstad, Tasha Seitz, Tyler Wry and Michael Brown

• ContentsForeword viiiPreface xi1 An introduction to impact investing 1Brian Trelstad and Jennifer M. Walske2 Investing in mission-drive startups 26Jennifer M. Walske and Brian Trelstad3 Measuring impact 59Maoz (Michael) Brown and Jennifer M. Walske4 Increasing diversity and overcoming bias 81Katherine Klein5 Sourcing and screening investment opportunities 105Tasha Seitz and Tyler Wry6 Business and impact due diligence 124Tasha Seitz and Tyler Wry7 Structuring investments and valuing companies 144Tasha Seitz and Tyler Wry8 Post-investment management and portfolio support 159Brian Trelstad9 The future of impact investing 176Brian Trelstad, Jennifer Walske, Michael Brown, TylerWry, Katherine Klein, and Witold HeniszGlossary 199

‘Exceptional and thoroughly “reader friendly” in organization and presentation, An Introduction to Early-Stage Impact Investing is the ideal and comprehensive DIY tutorial in successful financial investing. Composed of nine erudite and informative contributions by experts in the field. An outstanding and recommended pick for personal, professional, and college/university library Money/Finance and Business/Entrepreneurship Investment collections and supplemental Economics/Venture Capital curriculum studies lists.’