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Join the Impact Cherub Club July Meeting
The Next Meeting is July 18 at 1:00 Eastern—Everyone Is Welcome
As we gear up for the 1:00 PM Eastern, July 18, 2023, meeting of the Impact Cherub Club, we invite you to join us. The club is an informal gathering of friends who meet up to review impact investments everyone is eligible to make, and virtually anyone can afford. We share responsibility for completing basic due diligence before making investments. No one is required to invest.
There are no dues or fees to participate, and I don’t touch the money. When members invest, they do so directly for their own accounts. We benefit from new members only by the fresh perspectives they bring. Please join us!
Next Meeting—July 18, 2023, at 1:00 PM Eastern
At our next meeting on July 18, 2023, at 1:00 PM Eastern/10:00 AM Pacific, consistent with our plans for future sessions, the agenda will have three items:
Preliminary Consideration of New Candidate Investments
I’ll review those items in reverse order.
New Company Consideration
After some preliminary screening, I’ve shared six candidate offerings with the members of the club to choose which we’ll review this month. Members chose the following:
Aquaria aims to crack the code on water from air technology, bringing the cost down below desalination and other expensive options like bottled water and trucked-in water. Hotels and residences threatened by water interruption can affordably buy units as a backup source of water. Those without affordable alternatives are lining up to buy the product. Minority-founded Aquaria is raising on Wefunder.
Tally Kids is producing plant-based milk for young kids. Recognizing the booming market for plant-based alternatives to dairy milk, the founders of Tally Kids noted that the products are not suited to replace dairy milk for young children. The company has formulated products with boosted protein, calcium and vitamins. Tally Kids is raising on Wefunder.
At the meeting this month, we’ll explore the advantages and relative simplicity of investing in debt offerings via Regulation Crowdfunding. Portals like Honeycomb Credit and SMBX specialize in helping small businesses raise money in the form of loans. Investing in debt—lending money to small businesses—eliminates a variety of complexities. Join us for this important discussion.
We’ll begin with the due diligence reports from the Impact Cherub Club members who volunteered to research the companies after we briefly learned a bit about them last month. After hearing the members’ reports, we’ll vote to determine whether or not to recommend investment in the companies. The decision will be made available to everyone who registers to attend, including those who don’t make it. Register here.
Here are the companies we’ll learn more about this month:
DoneGood is an online marketplace that offers a wide range of products from over 120 brands committed to promoting social and environmental justice. The platform aims to make it easy for socially responsible consumers to find affordable, sustainable products that align with their values. DoneGood's proprietary screening process ensures that every brand featured on the platform meets strict standards for social and environmental impact, generating over $2.5M in sales and attracting over 8,000 loyal customers. Recent trend reports indicate that socially responsible consumer spending is on the rise, increasing by up to 25% annually. DoneGood is raising on StartEngine.
Clean Earth Rovers aims to provide municipalities and coastal communities with comprehensive water quality information to ensure safe and enjoyable beach experiences. Harmful Algal Blooms are a recurring issue caused by the discharge of nutrient-rich chemicals into bodies of water, leading to billions in annual damage and health risks. Widespread monitoring is lacking, with outdated and expensive methods in place. Remote monitoring systems are either non-existent or costly. The company seeks to establish a network for monitoring water quality to prevent reactive responses and health risks. Clean Earth Rovers is raising money on Wefunder.
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On July 19, 2023, we’ll hold the first-ever SuperCrowdHour with an extraordinary panel I’ll moderate, discussing “The Power of the Purpose Round.” The panel will include Parker Clay CEO Ian Bentley, DealMaker CEO Rebecca Kacaba and Renew VC founder Mark Hubbard. You’re entitled to a 50 percent discount as a Superpowers for Good reader! Join us for just $5 when you use the discount code SUPERCROWD. Register here.