Capital-Risque et durabilité sont-ils compatibles ?

[Are venture capital and sustainability compatible?]

Michel Jaccard, Capital-Risque et durabilité sont-ils compatibles ?, in: CEDIDAC, 26 June 2024

Abstract (AI generated)

This contribution explores what makes the financing and governance of sustainable businesses different: longer time to exit, specific valuation methods, stakeholder rather than shareholder-value governance, and heavier reporting requirements. It addresses the power imbalance between founders and investors in negotiations, presents initiatives such as the Equalizing Deal Terms Principles and the Impact Term Sheet, and discusses how to craft deal terms suited to impact-driven start-ups and SMEs.