Last week's food waste partnership between ReFED and Closed Loop Partners contained a unique feature that you don't often see in venture capital: a low return target.
Why it matters: Food-waste investment is surging, including from VCs. This partnership, however, does not aim to follow the typical VC model that expects hockey-stick growth and near-immediate returns.
Instead, it will focus less on high growth, and more on steady, single-digit returns.
