Venture capital funding is most often associated with an emphasis on rapid growth, with an eye toward a profitable exit for the venture funders. In contrast, James Joaquin, co-founder and managing director of Obvious Ventures, employs a strategy he calls 'World Positive' investing. The idea is to fund startups that are socially responsible, with a goal of sustained profitability. I had a wide-ranging conversation with Joaquin about his firm's approach, including the following topics:
1) What exactly is 'world positive' venture funding? Some examples?
2) Is this approach to funding going to gain more adoption? Obstacles and challenges?
3) What's the future of venture capital funding, as it relates to world positive investing?
Please join us for an in-depth discussion about socially responsible venture capital funding.
Managing Director, Obvious Ventures