Absolutely, and I would agree with you very much in terms of the importance of metrics and the ability to assess and quantify or at least capture the impact that's being generated by the investments.
The way I would think of this is more in how the metrics can be constructed and who is participating in that construction. The challenge we have with social finance is that it's not the same as a regular investment. When you think of a regular investment, you can do the dollars-and-cents analysis. You can know that it generates a certain IRR or a return for the investors.
Magnus spoke about employment. I can measure employment a million different ways. Is it a gradual improvement of someone who is underemployed? I could have 500 people who are going from underemployment to employment. Would it be as impactful or even more so to have 10 people who go from extreme poverty to employment?
The method by which you construct those metrics is as important as the metrics themselves. What I would offer is to include the groups that are participating in that investment opportunity and have them help co-construct the metrics that would be applied to that specific initiative, whether it's employment work with groups like Social Capital Partners that have more expertise than others in constructing those metrics.