In Term Sheet, we typically report on investments in companies, whether it be through venture capital, private equity, or hedge funds. But today’s newsletter covers another kind of funding with an entirely different value proposition—investments in communities, and the mental health of the young people living in them.
One-third of young adults in the U.S. aged 18 to 25 live with a mental illness, according to a 2022 report from the U.S. government agency that oversees mental health treatment services. One in ten young people in the same age group experience a serious mental illness, which means it substantially interferes with their daily life, the data showed.
