Testimonials

"There are those who say that Benefit Corporations and venture capital are not compatible. We don’t agree and we think companies that align their values with their customers and communities will benefit over the long term, not suffer. And that alignment can produce value for shareholders sustainably and profitably. "

Fred Wilson, Union Square Ventures

"AltSchool’s benefit corporation legal status allows the team to think beyond short-term profits and focus on fundamentally improving the education system for many decades to come "

Brian Singerman, Founders Fund

"Westly Group's investment in yerdle was not hampered by their benefit corporation status and did not greatly change our due diligence process. Instead, we viewed their status as part of the founding team's vision and as a valuable tool that created alignment between their core business model and the company's mission. "

Mike Jackson, Westly Group

"Visits to the company's job board are up by 33% since they announced the new structure (benefit corporation). "

Yancey Strickler, Kickstarter PBC

"What benefit corporation legislation does is facilitate a market that is badly needed: the market for mission driven companies. For me as an investor that is exciting news. "

Albert Wenger, Union Square Ventures

"Matthew May, Cherry, Bekaert & Holland, L.L.P: “Benefit Corps are going to attract a distinct kind of investor to a new start-up. Much like mutual funds that focus on investing in companies that meet specific social or ethical guidelines are gaining traction, Benefit Corps are a similar vehicle for a start-up. "

Matthew May, Cherry, Bekaert & Holland, L.L.P

"This legislation will facilitate greater legal and market recognition for businesses that do well while doing good – a value my firm has long exemplified and something we should all support. "

Donald Simon, Wendel Rosen Black & Dean

"The creation of the benefit corporation structure is the first step towards transforming the global economic system so that all companies start to think and act in a responsible manner. Pennsylvania is helping to lead the way towards a more just and sustainable global economy. "

Bill Clark, Senior Partner at Drinker Biddle & Reath

"A benefit corporation gives the (company) directors the ability to pursue public benefits without looking over their shoulders and wondering if they're going to get sued by shareholders. "

Herrick Lidstone, Colorado Bar Association