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Volume 77: ImpactPHL Perspectives
By: Amanda Levinson and Natasha Freidus (NeedsList), June 13, 2024
In this article from ImpactPHL, Amanda Levinson and Natasha Freidus, co-founders of NeedsList, share their journey of exiting their impact-driven company to a values-aligned buyer. They offer insights into their process, challenges, and key strategies, aiming to guide other impact entrepreneurs considering similar paths. The article also discusses the lack of resources and case studies for social impact exits and proposes ideas for fostering a more supportive ecosystem for such endeavours.
Throughout the process, we were curious about why there were so few alternative models for exit in the impact sector, which, like the traditional tech sector, remains obsessed with scale. We were also dismayed to see how many startups were simply shutting down despite showing real promise to scale their solutions.
ImpactPHL Perspectives, June 2024
We started thinking about what could help foster more M&A in the impact space and sketching out some ideas that, while by no means perfect or exhaustive, could at least help impact companies with promising models find alternatives to closing.
