European Venture Philanthropy Association

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Marking a maturing and increasingly courageous sector, EVPA has collected the experiences and lessons from twelve of its member organisations with a view to sharing their learnings from failure with other practitioners.

Bundled in ‘Learning from Failures in Venture Philanthropy and Social Investment’  the report looks at strategies and investments that failed and the reasons they did so.  Outlining risk mitigation strategies, the report focuses on overcoming risk in the strategy of the venture philanthropy and/or social investment organisation and in the execution of specific investments.

We have grouped the causes of failure into three main categories: issues related to the organisational risk, misalignments in the development of the investment strategy of the Venture Philantropy Organisation, strategic risk, and failures in the execution of the investment strategy, execution risk.

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This report is the result of several years of research and knowledge gathering through the annual EVPA industry survey, EVPA workshops, in-depth interviews with CEOs from 12 VP/SI organisations and a consultation on earlier drafts with the same experienced practitioners. Where possible, we corroborated stories and individual cases with data from our the report are backed with evidence – while representing the diversity of the sector.

If you would like to order a hard copy, please contact A hard copy is available at the price of € 40,00.

© This report is freely downloadable. Should you want to add it to your website, please link to this webpage, instead of publishing the pdf itself.

learningfromfailure-reportpicture Download the publication


  • Lisa Hehenberg
  • Priscilla Boiardi

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