New Impact Offerings, Changing Lives Through Understanding, Why I Support the SEC's Tentative Plan, and Making Birth Control Accessible to All
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Just Cause Apparel Featured Among New Impact Offerings - May 6, 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.
Changing Lives Through Understanding: Sara Schley on Living with Bipolar Disorder
AI Episode Summary
1. Introduction of Sara Schley: The show features Sara Schley, an author and filmmaker with a focus on helping others understand bipolar disorder, aiming to correct misconceptions.
2. Sara's Upcoming Film: Sara discusses her documentary Brainstorm the Film, inspired by her life story with bipolar disorder. The film highlights the journeys and challenges toward diagnosis and acknowledgment of the condition.
3. Distinguished Guests in "Brainstorm": General Gregg Martin and Devika Bhushan, notable figures sharing their experiences with bipolar disorder, are mentioned as significant contributors to the film's narrative.
4. Challenges Before Diagnosis: Sara shares personal hardships faced before proper diagnosis, describing her struggles with cognitive function, depression, and the overwhelming sense of fear.
5. The Road to Proper Diagnosis: After years of misdiagnosis, Sara emphasizes the life-changing impact of receiving the correct diagnosis and appropriate treatment for bipolar disorder, transforming her quality of life.
6. Entrepreneurs and Bipolar Disorder: An interesting link is explored between entrepreneurship and a higher occurrence of bipolar disorder, suggesting a correlation between the condition's characteristics and entrepreneurial traits.
7. Sara's Superpowers: Sara identifies her personal superpowers as emotional fearlessness, discipline, compassion, and gratitude, attributing them to her experiences living with and managing bipolar disorder.
8. The Importance of Compassion: Sara delves into how her bipolar disorder has fostered profound compassion, assisting her in being a neutral and supportive figure in conflict situations and emphasizing non-judgmental attitudes.
9. Accessing Sara's Work and Support: Information on how to find Sara's book BrainStorm, engage with the upcoming film, and join the community for support and updates is provided, alongside an announcement of a forthcoming podcast.
10. Closing Remarks and Encouragement: The host thanks Sara for her contribution and emphasizes the significance of her work in changing perceptions around bipolar disorder, wishing her continued success in her endeavors.
Why I Support the SEC's Tentative Plan to Raise a Key Crowdfunding Threshold
On Monday, the Securities and Exchange Commission’s Small Business Capital Formation Advisory Committee, a key organization within the financial market’s regulator, voted to recommend raising the threshold for requiring reviewed financial statements under Regulation Crowdfunding from $124,000 to $350,000. Let me explain why I enthusiastically support that recommendation!
What Is a Reviewed Financial Statement?
One of the pernicious problems associated with reviewed financial statements is that the name “reviewed” fails to describe what it is to anyone but a CPA. It sounds a bit like I’ve handed my financial statements to an auditor and asked them to peruse them and then stamp them “reviewed.” That is completely wrong!
Auditors do much of the work of an audit to conduct a review, which makes the process expensive. But it still isn’t an audit and doesn’t come with an audit opinion. So, the review lacks the credibility of its more formal sibling and is still quite expensive—think $5,000 to $10,000 for a small business. It is about half the cost of an audit.
Empowering Choice: Making Birth Control Accessible to All
AI Episode Summary
1. Introduction to Cadence OTC: The episode begins with Devin introducing Samantha Miller and Kate Voyton from Cadence OTC, a company working to make birth control accessible over-the-counter (OTC) and promoting their crowdfunding campaign.
2. Mission of Cadence OTC: Samantha explains that Cadence OTC, based in Oakland, California, aims to increase access to safe, effective, and affordable contraceptives via over-the-counter availability, addressing a significant market need.
3. Significance of OTC Birth Control: Kate details the process and challenges of moving birth control pills from prescription-only to OTC, emphasizing the huge shift this represents in accessibility and convenience for consumers.
4. FDA Collaboration and Consumer Studies: Samantha describes the extensive process of working with the FDA for over six years, including consumer studies and dealing with regulatory details to ensure consumers understand the product’s safe usage.
5. Market Size and Opportunity: Kate highlights the size of the women's health and reproductive health market, estimating it at around $21 billion, and the continuous need and commercial opportunity for accessible contraception to address unintended pregnancies.
6. Impact on Unintended Pregnancies and Abortions: The conversation shifts to how accessible birth control could reduce unintended pregnancies and abortions, with a focus on giving women and families more control.
7. Discussion on Teenagers and Access: Addressing concerns about teenagers having more access to contraceptives, Samantha emphasizes data showing that contraceptive access doesn't increase sexual activity but can help prevent unintended teen pregnancies.
8. Crowdfunding to Improve Access: Kate discusses the crowdfunding campaign aimed at supporting the mission of making emergency contraceptive pills more accessible in convenience stores, potentially serving as a bridge to making the birth control pill available OTC.
9. Superpowers for Good: Devin asks Samantha and Kate about their "superpowers" or unique abilities that have helped them in their mission, touching on perseverance, optimism, and pragmatic problem-solving.
10. Community Influence and Future Steps: The episode ends with a story illustrating community support and the importance of making contraceptives more accessible. Samantha invites listeners to learn more through Cadence OTC's website and their Wefunder campaign, expressing hope for continued success in their mission.
Upcoming SuperCrowd Event Calendar
If a location is not noted, the events below are virtual.
Impact Cherub Club Meeting hosted by The Super Crowd, Inc., a public benefit corporation, on May 14, 2024, at 1:00 PM Eastern. Each month, the Club meets to review new offerings for investment consideration and to conduct due diligence on previously screened deals. To join the Impact Cherub Club, you must first become an Impact Member of the SuperCrowd.
SuperCrowdHour, May 15, 2024, at 1:00 Eastern. Each month, we host a value-laden webinar for aspiring impact investors or social entrepreneurs. Stay tuned for details.
SuperCrowdChicago, June 12, 2024. This in-person event at Columbia College Chicago features some of Chicago’s prominent citizens and community leaders, along with crowdfunding experts. Use the discount code “SuperCrowd” to save 30 percent!
Recently, we created an AI GPT to help you learn more about The Super Crowd, Inc., a public benefit corporation, and our upcoming events. Click here to try it.
SuperCrowd Community Event Calendar
AMIBA: 21-Day Racial Equity Habit-Building Post-Challenge, May 9, 1:00 PM ET
KingsCrowd's upcoming Demo Day, Thursday, May 16th at 12:00 am ET/9:00 am PT
Crowdfunding Professional Association Webinar, May 29, 2:00 PM ET
The Reg A & Crowdfunding Conference, June 20, Westchester Country Club (Save 20% with the code Super20)
Crowdfunding Professional Association, Summit in DC, October 22-23
If you would like to submit an event for us to share with the 4,000+ members of the SuperCrowd, click here.
