"Working with large-scale commercial enterprises creates greater impact than working with early-stage startups."

Newsflash! The intent of the entrepreneur does not matter. What matters is the social impact of the enterprise. This was the breaking news at a recent conference on impact investing sponsored by the Centre for Strategic and International Studies in Washington DC.

This view was put forward by Elizabeth Littlefield, president and CEO of the Overseas Private Investment Corporation, supported by Julie Katzman, executive vice-president and chief operating officer of the Inter-American Development Bank, two of the largest development finance…