Explores a host of funding options for funders and the founders they support, particularly those that blends profit and purpose, with the tools to put it into action Includes 22 cases studies told as stories to demonstrate concepts Designed to help funders and founders build back a better system of capital allocation that works for them and their communities “The world of venture funding has historically been exclusive, not inclusive. While part of the issue has to do with the make-up of venture capital firms, some of the blame lies in the industry's focus on equity funding to the exclusion of all other forms of capital investment. This needs to change. In Adventure Finance , Aunnie masterfully explores how we can broaden our view of financing and create a more inclusive financing economy. Put simply, this is the future of venture finance.” ― Seth Levine , Co-Founder of The Foundry Group “Aunnie Patton Power details an exceptionally well researched journey through this fast-developing world of visionary investors and entrepreneurs who recognize the power of bringing together profit motives and impact objectives through innovative finance. This is a critical resource for anyone looking to engage with the new economy, where purpose drives profit and commerce yields true impact potential.” ― Chintan Panchal , Founding Partner, RPCK Rastegar Panchal LLP “So much of finance’s power in suppression innovation is the intentional opaqueness of its tools. Aunnie uses the power of storytelling to make finance accessible to entrepreneurs and funders and empowers people to think creatively about what models are truly best for their business and their communities.” ― Morgan Simon , Founding Partner at Candide Group; author of Real Impact: The New Economics of Social Change “It should not come as a surprise that venture capital is usually not the right funding choice for impact entrepreneurs, as venture capital was invented to create unicorns, maximizing financial returns for its limited and general partners without any intentional consideration for positive environmental and / or social impact. Impact entrepreneurs care about just the opposite: creating long lasting positive impact and providing an appropriate financial return to their investors. Similarly, conventional debt is not optimized for impact entrepreneurs either, as many times they don’t have the collateral or the cashflow to get access to or service a conventional debt structure. And grants might be great to get an impact entrepreneur started, but then what? Aunnie Patton Power has written a brilliant guide - particularly, but not only for impact entrepreneurs - to understand the evolving world of impact finance, which goes way beyond the usual equity, debt and grant structures to include vehicles like structured exits, loan guarantees, blended capital and many important variations thereof. This is not a theoretical book. Aunnie brings it to life with inspiring stories of impact pioneers that clearly articulate the many trade-offs and pitfalls of impact finance. A must-read for anybody interested in creating aligned investments between impact entrepreneurs and impact investors.” ― Charly Kleissner, PhD , Co-Founder Toniic and KL Felicitas Foundation; Board Chair, ImpactAssets “ Adventure Finance is a truly brilliant contribution to the impact investing literature and practice community. By deftly weaving together stories with detailed descriptions of financial tools, Adventure Finance offers readers examples of direct financing from practice as well as relevant insights into the funding decision making process. Whether you are looking for capital or deploying capital for impact, Adventure Finance is both an exceptionally useful resource and very enjoyable read.” ― Jed Emerson , Founder of Blended Value Group; author of The Impact Investor ; Strategic Fellow at ImpactAssets “Aunnie has provided founders with the playbook on how to make money work for them and their business. Adventure Finance is an accessible and engaging read for any founder. It sifts through the finance jargon and illustrates through stories, some of the real-world challenges and innovations created from implementing financial solutions in underserved communities. I hope every founder leverages this guide to fully understand their options when it comes to funding their enterprise. As Aunnie has illustrated so artfully, not all money fits every need, but when applied effectively it has the power to transform industries.” ― Ella Peinovich , Founder of Powered by People & Soko “Someday we'll look back at Venture Capital in much the same way we're starting to see other toxic, extractive industries, like fossil fuels and payday loans. In Adventure Finance , Aunnie provides an accessible roadmap for today's founders, as well as a glimpse of what's possible tomorrow, as investors awaken to the truth of how finance has failed us, and how we can use it to repair instead of destroy. A must-r