Lyfebulb Cares
A venture philanthropy fund that identifies companies that make a difference in the lives of people living with chronic disease and selectively invests donor money into those companies.
Cares
How Does it Work + Our Strategy
HOW DOES IT WORK
Our venture philanthropy fund has specific investment guidelines, and follows the principles of venture capital with the difference that we measure our performance by patient and social impact as well as financial return. We use these guidelines and principles to achieve our philanthropic goal which is to help improve the quality of life of individuals impacted by chronic disease.
OUR STRATEGY
Lyfebulb Cares is focused on finding near-term solutions for people affected by chronic disease. While the ultimate goal of most organizations is to find cures for chronic illness, our strategy is more immediate: to help identify the unmet needs of people affected by chronic disease and to find ways of meeting those needs right now.
First, our team listens to the needs of people who are living with chronic illness. We then identify companies creating quality of life improvements to help these individuals. These companies can range from biotechnology, science based enterprises to medical devices and even consumer products. After an extensive due diligence process involving business, financial, legal and scientific reviews, we place capital into these entities and optimally take a board seat to maintain influence.
The goal of our philanthropic fund is to help people affected by chronic disease and to produce successful financial returns, which will ultimately increase the value and impact of an initial donation.
Every donation to Lyfebulb will be used very efficiently, since our overhead is minimal and a large majority of the funds will go directly toward the companies. Every successful “exit” yields financial return that can be used for other investments toward our mission, creating a fundraising tool that lives on. In contrast to many other philanthropic organizations, Lyfebulb can be easily assessed since our returns will be documented.
