That’s interesting.
While I’ve met tech investors who invest for reasons other than profit, all the ones I can think of do so to empower certain demographics. Never thought about ones who might do so because they are interested in a particular space.
But what are success metrics and OKRs for an investor like that?
Assume every investor is interested in profit, but then secondary, what else are they interested in.
I have a friend who is an African founder, and has really struggled to raise. From their experience, they say the VCs that focus on under-represented founders are often predatory in nature. As a white guy, I can't comment on that.
There are definitely investors who have themes around health, media, environment, etc.
The success metrics are still "how much money can I make from this", but it's also "how many lives can I positively impact".
So I wouldn't put these investors on the opposite end of the spectrum. It's a balance of "if we can help x number of people with Y problem, that's worth Z". VS "If X number will pay us Y, how much money can we make?"
It's a very subtle difference. You're not going to find an investor who says "I want to see Y happen, I don't care about the investment". That's philanthropy.