New Impact Offerings, Baltimore Rises As a Tech Hub, SuperCrowdHour: Impact Investor Panel and Show Her the Money!
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Taste of Nature Featured Among New Impact Offerings - January 15, 2024
Each week, Superpowers for Good shares a list of new impact-related offerings added to FINRA-Registered crowdfunding portals and by broker-dealers. We’ll share four separate lists:
Impact offerings as determined by KingsCrowd reviews.
Offerings with minority founders.
Deals with women founders.
Those with LGBTQ founders.
Baltimore Rises As a Tech Hub Focused on ‘Equi-Tech’ - s11 ep46
AI Episode Summary
1. Devin Thorpe introduces Russell Fugett, the CEO and founder of Equity Endowment, highlighting Russell's commitment to community building and social justice.
2. Russell explains that Equity Endowment, founded in 2023, aims to close the racial wealth gap by operating at the intersection of finance and philanthropy, using a two-pronged investment and grant strategy.
3. The organization’s strategy includes creating an endowment fund to invest with minority fund managers and then using the proceeds to grant to non-profits focusing on entrepreneurial development and small business enablement.
4. Equity Endowment has a partnership with the Urban League in Baltimore, being one of their first grant recipients.
5. The current focus of Equity Endowment is to generate public support and funding, primarily through tax-deductible donations. Russell also notes future plans for a for-profit arm that could generate investment returns and fuel their charitable work.
6. Russell shares his family’s entrepreneurial history, including his late uncle, Reginald F. Lewis, who was instrumental in a billion-dollar deal acquiring Beatrice Foods in 1987 through complicated international transactions.
7. When asked about his superpower, Russell identifies his ability to handle complexity in both business endeavors and interpersonal relationships, leveraging emotional intelligence and understanding of diverse viewpoints.
8. Russell recounts challenging scenarios, such as negotiating to acquire an American division of a Japanese company, where his superpower was essential.
9. Emphasizing the need for emotional and spiritual fortitude in tackling complexity, Russell highlights the importance of faith, family support, and practicing core values such as love and generosity in achieving goals.
10. To learn more about Equity Endowment or connect with Russell Fugett, he directs listeners to visit the organization's website (equityendowment.org), subscribe to their newsletter, and follow their social media platforms, including Instagram and YouTube, where they post weekly updates and other content.
SuperCrowdHour: Impact Investor Panel
The panel features a diverse group of perspectives. Each one is an active impact-focused investor using crowdfunding as a tool. Fiona is an accomplished ballet dancer. Jackie spent two decades on Wall Street. Bill and Karl work with companies raising money via crowdfunding. Justin and Jackie work for portals.
Show Her the Money!
AI Episode Summary
1. Catherine Gray is a film producer and advocate for funding women who aims to raise awareness about the lack of venture capital received by women, which is only 2 percent.
2. Her film, Show Her the Money, which she discusses with host Devin Thorpe, intends to educate people about venture capital, its importance, and why investing in it or obtaining funding from it is significant.
3. The film highlights three sectors of women: women starting their own venture capital funds, women investing in these funds, and women entrepreneurs who receive funding from these female-founded funds.
4. Catherine emphasizes the critical role women play in venture capital and innovation, as funding disparities can potentially impede technological advancements and opportunities for women, people of color, and the LGBTQ community.
5. She launched a 50-city tour around the country and the globe to showcase the film and inform the public about what venture capital is and the importance of having a diverse range of people involved in it.
6. Catherine points toward a need for more women and underrepresented groups to be at the decision-making table in venture capital to ensure a future that includes their needs, ideas, and solutions.
7. The film also explores the expected rise in investable assets controlled by women, reaching $30 trillion by the end of the decade, and the potential impact these investments could have.
8. Catherine identifies her superpower as connecting people, something she finds joy in and considers the key to successful fundraising and fulfilling one's purpose.
9. She encourages a positive perspective on fundraising and believes it should be seen as an adventure rather than a drudgery, focusing on building relationships and connecting with like-minded individuals.
10. Catherine Gray can be reached on LinkedIn and through her company, She Angel Investors; her film's website is showherthemoneymovie.com, where viewers can find screening schedules and hosting information. She also hosts a podcast called Invest in Her, focused on connecting female founders and funders.
