This content is rated TV-MA, and is for viewers 18 years or older. Are you of age?
Sorry, you are not old enough to view this content.
CNET News Video: VC firm banks on the poor
About Video Comments (0 ) Transcript

CNET News Video: VC firm banks on the poor

1:35 /

Venture capitalist companies are notorious for trying to make big profits by investing in startups. But Sumi Das talks to the founder of one firm that's looking for a different return on investment: social good.

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.

New releases

The Superhero Workout will whip...
4:34 August 22, 2014
This week on Crave we battle an alien invasion and burn some calories at the same time. Also, we e​njoy a...
Play video
Hack attack: Apps can spy on other...
2:54 August 22, 2014
Researchers reveal a flaw in Android, iOS and Windows that lets hackers peer into Gmail, Chase and other apps....
Play video
The 404 Show 1,541: Look away from...
37:36 August 22, 2014
Steve "Sphere" Guttenberg is back on the show today for a discussion about why he thinks technology is making...
Play video
2014 Toyota Highlander Hybrid
9:18 August 22, 2014
Is the 2014 Toyota Highlander Hybrid just a big Prius or much more? Brian Cooley drives the sleek new SUV...
Play video
Toughest smartphones
2:56 August 22, 2014
Need a phone that can take a beating? Here are five smartphones that can take anything you can throw at t...
Play video
Logitech's Bemo an oddball video...
1:32 August 22, 2014
One-button video capture matched with a nice viewing and editing app adds up to a fun little camcorder if...
Play video
How the iPhone, Android, and Facebook...
39:39 August 22, 2014
We celebrate 400 episodes with a look at the iPhone, Android, Facebook and the technology that's changed your...
Play video
Back-to-school tech discounts
1:02 August 22, 2014
School supplies no longer mean some pencils and erasers. Expensive gadgets like laptops and tablets have stepped...
Play video
 

Video discussion

Conversation powered by Livefyre