Successful applicants will have an articulated idea, structure or process to help the venture succeed in prioritizing between (1) economic success and (2) creating social value for its target demographic.
LSV is looking for ventures that understand the trade offs between their business and mission and have a commitment to deal with the challenge of making it work.
Successful entrepreneurs have clear priorities and can drive their venture with focus, enabling the team around them to make decisions based on strong values.
Out of the applications LSV receive, very few have come so far as to battle with the conflicts between business and mission. Therefore it is a key part of the investment process to take a proactive stance on articulating such practices.