Social Impact - The New Startup Buzzword

When it comes to startups, the key words are no longer just "innovative" or "profitable." The newest trend for companies hoping to draw investors is now "social impact." If a new company wants to compete, it doesn't just have to show how it will benefit investors, it now needs to show how it will benefit society. One company is hoping to help revitalize local wood-related business across the country by providing a software solution that allows almost anyone to create furniture and even wood construction materials on their own through 3-D printing. Another business venture is looking to use "super larva" to help create a healthier and more efficient food cycle that may help put a dent in the world's food supply problems. This episode will show you how some companies' business models rely on having a positive impact on society.