One Bright Spot for VCs? Impact Investing

A Sims Recycling Ltd. facility in Roseville, Calif. Venture funds are investing in growth companies with social impact. Photograph by David Paul Morris/Bloomberg

A lot of venture capitalists are having trouble raising new funds. Returns have lagged stocks. In the first quarter, 35 funds raised money, the lowest number (PDF) in a decade. As many as 400 firms may have shuttered or stopped investing.

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