Purpose Ventures makes evergreen investments in steward-owned companies. We take no voting rights because we believe that autonomous, fully responsible entrepreneurs take the best decisions for their company. We do not exit our investments and have no fixed investment period because we want to support companies that do not turn into speculative goods. To us, a company is a group of people working for a purpose, not a good that can be bought and sold.
Purpose Ventures makes long-term investments in steward-owned companies. For us, steward-ownership is any form of ownership that makes a binding commitment to keep the company independent and mission driven. Purpose Entrepreneurs adhere to the following principles:
- Profits are means to an end and not an end in itself
- Ownership = Entrepreneurship, control rights can only be held by those who take responsibility within the company
Ownership and personal responsibility are at the centre of our investment thesis. We support companies in various stages of their development and in a number of different sectors.
For entrepreneurs, Purpose Ventures offers freedom from investor interference and from the logic of shareholder-value maximisation. We offer the opportunity to raise capital without committing to a future exit, which often comes with mission-drift and a loss of control for entrepreneurs. We do not need to liquidate our investment via an exit or IPO and can stay with you for the long-term. We rely on dividends or interest payments to refinance our investments.
For investors, Purpose Ventures offers the opportunity to invest in impact-driven companies who have committed to innovative ownership models and a focus on purpose maximisation rather than profit maximisation. Purpose ventures is refinanced via dividend payments and offers a balanced portfolio with appropriate risk compensation.