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I don't doubt that this is a good thing for the flyover states. But I am little skeptical of the whole goody two shoes and "impact investing" angle. With the a
by thisisit 9y ago
I don't doubt that this is a good thing for the flyover states. But I am little skeptical of the whole goody two shoes and "impact investing" angle.
With the amount of money sloshing around it is becoming increasing difficult to find places to generate alpha on investments. While people can be like Softbank and bet money on a unicorn becoming a super-unicorn but the risk reward is skewed.
Then there is this:
> In other words, if they discover a nascent but promising e-commerce company in Allentown, Pa., they will not only invest in it, but they might also help it establish a relationship with one of the fund’s investors — Mr. Bezos, for example — who might invest even more.
- seltzered_ 9y agoYeah. Worth noting Amazon fulfillment already has a presence in Allentown.
- longerthoughts 9y agoPresence of a fulfillment center doesn't mean much, though. I've been on site at an Amazon fulfillment center and they primarily provide unskilled labor opportunities with a handful of shipped in corporate roles to oversee operations, manage supply chain, etc. Doesn't quite resemble the vision of the fund.
- exolymph 9y agoThey specifically say that they are not impact investing but seeking strong returns.