Why Combining For-Profit And Philanthropic Investment Can Succeed

By Knowledge Wharton

Derek Handley discusses companies that mix capital from for-profit and philanthropic sources for social impact

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Derek Handley is a social entrepreneur, philanthropist and author who recently launched Aera, a venture capital fund that invests in companies with a social mission. He co-founded Hyperfactory in 2001 and was the founding CEO of the B Team, a nonprofit leadership initiative created by Richard Branson. Handley also recently served as a Nazarian Wharton Social Innovator in Residence. In this Knowledge@Wharton interview, he spoke with Katherine Klein, a Wharton management professor and vice dean of the Wharton Social Impact Initiative, on the importance of vision and what it takes to make a difference.