As the COVID-19 crisis continues to make capital markets,
including venture capital, an uncertain source of financing,
founders and boards of impact businesses may increasingly look to
M&A and other strategic alternatives to assure their survival.
Mergers, business and asset sales, large-scale technology
licensing, as well as other strategies should all be on the table.
However, founders and boards of impact organizations will be
rightly concerned with the ability to maintain their
organizations' missions, following such fundamental
transactions. Not only is the ability to stay "on
mission" important to the organization for its own sake, but
it also adds real value (both pre- and post-transaction) that
should be taken into consideration during planning and negotiations
in connection with such transactions. In this article, we discuss a
number of items that impact organizations should consider at
different stages (at the preparatory stage, during negotiations
with
