Technology
There’s an idea that’s long been gospel in the venture capital industry, that investing in companies that have a positive social impact is a money loser — impact investing is “concessionary.” But what if it isn’t? Mitch Kapor is a well-known tech investor. He helped create the Lotus 1-2-3 spreadsheet and was an early Uber investor. But for the past decade, Kapor and his wife, Freada Kapor Klein, have focused on companies that they say fill a gap, whether it’s social, information or opportunity. And in 2019, their firm, Kapor Capital, reported that in fact it does make money. Lots of it. “Marketplace Tech” host Molly Wood talks with Mitch Kapor.