VC firm banks on the poor Video
VC firm banks on the poor Video Transcript
Sixteenth when a venture capital firm fund the startup they're banking on a sizable return on the investment but sometimes it's not just about turning a profit. VC firms like frontier investments -- of our equity and core innovations look for other measures of our ally. There's this new sector coming out we're reinvesting companies that try to solve some social problem as well as make money. So that's what impact investing is when area of focus for impact investing the under banked. Individuals who had adequate access to financial services. He walked on the streets one and four wallets. It doesn't have a bank account or does but barely uses that and mostly relies on alternative financial services protect -- -- -- -- reminders. VC firm core animation capital wants to help create options that are more affordable for customers. And less risky for service providers. So if I can manage -- risk better by using some risk algorithm and the cloud vs a guy in the back room to decide if the check is good or bad. I can bring matter risk levels found to basis points is supposed to percentage points that can pass those savings on to the customer and get a better -- myself. -- investments include plastic which offers overdraft -- looking. As America tries to recover from a harsh financial crisis the under -- may be eager for a dose of high tech help. In San Francisco -- -- dot cnet.com for CBS news.
Related Videos
Upstart.com: A kind of Kickstarter for college grads
In this tough job market, one Silicon Valley startup wants to give recent graduates money so they're not looking for jobs, instead they're creating jobs. As CNET's Sumi Das explains, the idea behind Upstart.com is for investors to invest in a person instead of a company.
Ballmer makes first public statement about Sinofsky's exit
Microsoft's CEO talks to venture capitalist and LinkedIn co-founder Reid Hoffman at an event sponsored by the Churchill Club in Santa Clara, Calif.
Venture capitalists: We're still open for business
At a VentureBeat conference on managing through the economic downturn, a panel of venture capitalists painted a gloomy picture for the economy overall. But they're still making investments, they said. Rafe Needleman covered the event and got reactions from experienced and new entrepreneurs.
Inside Scoop: How will your Sprint plan change?
CNET's Sumi Das talks to senior managing editor Kent German about the consumer ramifications of SoftBank acquiring Sprint.
Ballmer: how Windows can capture smartphone middle ground
The Microsoft CEO talks to venture capitalist and LinkedIn co-founder Reid Hoffman about how Windows can win the middle ground in the smartphone wars, at a Q&A session sponsored by the Churchill Club in Santa Clara, Calif.
Inside Scoop: Facebook revamps News Feed
How will the newly redesigned News Feed affect your Facebook experience, and what motivated the social-media giant to make the changes? Sumi Das talks to CNET's Donna Tam, who attended Thursday's event at Facebook headquarters in Menlo Park, Calif.
Ben Horowitz on Facebook founder's journey to CEO
The co-founder of venture capital firm Andreessen Horowitz talks about the hurdles Facebook's Mark Zuckerberg overcame in becoming CEO. Horowitz spoke at Business Insider's Ignition West conference today in San Francisco.
Bawston Strangla featuring QStrange: "Tales From the Crypt"
Boston's most notorious returns, enlisting QStrange in unleashing evil upon the masses.
FBI homes in on new snooping tool: Social media
The FBI is forming a new cyber intelligence and research unit that's able to monitor social media communication. Sumi Das breaks down what you need to know before tweeting or Facebooking.
Old Facebook posts haunt users
CNET's Sumi Das talks to reporter Donna Tam about the privacy fears Facebook users are experiencing as the social network continues the worldwide rollout of its Timeline feature.
