2024 Impact Awareness Report

· startups · Source ↗

TLDR

  • byFounders publishes its 2024 impact report, open-sourcing its full impact strategy and disclosing DE&I trends it calls disappointing.

Key Takeaways

  • The firm is open-sourcing its entire impact framework, including KPIs and tools, with no restrictions on access.
  • For the first time, byFounders is sharing reasons it passes on investments, specifically around impact fit and team composition.
  • DE&I numbers moved in the wrong direction in 2024; the report names this directly and commits to a remediation plan.
  • The report introduces “some impact” themes to capture startups with meaningful but hard-to-categorize positive effects.
  • Community contributor Pernille Brun is spotlighted for her work across the byFounders collective.

Why It Matters

  • Open-sourcing impact frameworks and rejection criteria is uncommon in VC; it sets a replicable accountability baseline other funds can adopt.
  • Naming a DE&I regression publicly rather than omitting it sets a higher transparency bar than typical annual LP reporting.
  • The second fund launch tied explicitly to an impact-aware thesis signals this is a durable investment lens, not a marketing posture.

byFounders · 2025-06-10 · Read the original

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