Sustainability Commitment
What does it mean for a Sustainable Impact Startup to have a Sustainability Commitment?
Building a Startup Sustainably
Sustainable Impact Startups prioritize reaching default-alive, self-sustaining profitability before pursuing large-scale expansion. This approach lowers the capital required to succeed, raises the odds of survival, solidifies long term impact and proves that financial sovereignty can be achieved through disciplined growth rather than heavy reliance on outside funding.
This is a "best efforts" commitment. This means a commitment for founder, CEOs, executives and board members to be proactive and take all reasonable actions to invest its financial capital in a way that prioritizes the startup becoming financially sovereign and "default alive" profitable. This is as opposed to being in a position of reliance on additional 3rd party financial capital to maintain its operations and delivery of impact.
This is not an absolute guarantee. An obligation of "best efforts" does not require a party to achieve a result at any cost or sacrifice itself financially. The effort must still be reasonable in light of the circumstances.