I only skimmed this and am not familiar much with investing, but the issues seem to me whether people are investing to make money, or investing to make ‘social impact’ (for the greater good) on goals they support. and also whether the investment actually will ‘pay off’ in terms of either making money, having social impact, or both. I think forecasting ‘impact’ is the hardest one. Some venture capital firms succeed , others fail.
My view is if impact predictions are correct then any ‘dilution’ effects on shareholder value will be temporary. In a sense current shareholders are loaning some of their shares to others to invest in the project in the hope its a good investment. (I think in a way what is called MMT—popular in some economics circles—is a version of this idea).
I only skimmed this and am not familiar much with investing, but the issues seem to me whether people are investing to make money, or investing to make ‘social impact’ (for the greater good) on goals they support. and also whether the investment actually will ‘pay off’ in terms of either making money, having social impact, or both. I think forecasting ‘impact’ is the hardest one. Some venture capital firms succeed , others fail.
My view is if impact predictions are correct then any ‘dilution’ effects on shareholder value will be temporary. In a sense current shareholders are loaning some of their shares to others to invest in the project in the hope its a good investment. (I think in a way what is called MMT—popular in some economics circles—is a version of this idea).