Halcyon takes no equity from our fellows – that’s been true since we started the Halcyon Incubator in 2014, and it’s still true today. But when we talked to our fellows, and conducted our own research around the social enterprise ecosystem, we learned that access to capital was one of the biggest challenges to scaling their ventures.
That’s why we expanded our social enterprise work to include impact investing. These vehicles are based on the fundamental idea that over time, impact-driven businesses will outperform conventional businesses. In 2020 the Business Roundtable shared that in its eyes, a business is no longer just accountable to its shareholders but to society more broadly. While traditional businesses catch up to that idea, it’s something the ventures we invest in have had in their DNA since day one.