By Sarah Max: When the co-founders of SolarCity, Lyndon and Peter Rive, along with their cousin Elon Musk, were raising money for their solar energy start-up in 2007, they called on just one outside investor. It wasn’t Andreessen Horowitz, Sequoia Capital or any of the other prominent Silicon Valley venture capital firms, but a $75 million fund managed under the umbrella of JPMorgan Chase.
The fund’s managing director, Nancy Pfund, isn’t a household name. Yet over the last decade, she has quietly built a reputation as the go-to venture capitalist for companies looking to make a social impact.
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