Thursday, June 25, 2020
"Back in 2014, the Colorado Health Foundation made an unusual decision. The philanthropic organization, known for helping nonprofits, put its money into a for-profit startup, myStrength, a behavioral health app.
It was neither a grant nor a donation. And it wasn’t quite venture capital, where multimillion-dollar investments often aim for tenfold returns. Technically, it was a program-related investment — an impact investment — that was called “groundbreaking” at the time and the foundation’s first."