See the Great Companies We're Considering at the January Impact Cherub Club Meeting
I’m not a financial advisor; nothing I write in Superpowers for Good should be considered investment advice. You should seek appropriate counsel before making investment decisions.
As we gear up for the 1:00 PM Eastern, January 16th, 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—January 16, at 1:00 PM Eastern
At our next meeting on January 16th, at 1:00 PM Eastern/10:00 AM Pacific, consistent with our plans for future sessions, the agenda will have three items:
Diligence Reports
Education Moment
Preliminary Consideration of New Candidate Investments
I’ll review those items in reverse order.
New Company Consideration
After some preliminary screening, I’ve shared some candidate offerings with the members of the club to choose which we’ll review this month. Members chose the following:
Red Rover Creamery
Red Rover Creamery is raising funds on MainVest. It is an artisanal creamery in Portsmouth, New Hampshire. Red Rover Creamery offers a variety of seasonal and American-style ice creams, sherbets, baked goods, and ice cream sandwiches. The business uses local ingredients and creates artisanal baked goods and ice creams with a rotating menu, seasonal menus, and holiday menus. Sarah EgriAmsden and Eric Amsden founded Red Rover Creamery in November 2018. The current crowdfunding campaign has a minimum target of $60,000 and a maximum target of $124,000. The campaign proceeds will be used for space buildout and operating capital. (Courtesy of KingsCrowd.)
Stride Development PBC
Stride Development is raising funds on Wefunder. The company builds housing using innovative designs and construction methods. Stride Development lowers utility costs and reduces carbon emissions to improve residents’ health and create safe spaces. The buildings of Stride Development are affordable, future- and inflation-proof, and lower energy use and bills by 90%. Tyrone Grandstrand founded Stride Development in August 2022. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $950,000. The campaign proceeds will be used for affordable housing application fees and requirements, architect and design expenses, and land purchase costs. (Courtesy of KingsCrowd.)
Education Moment
At our January meeting, I’ll take a few minutes to talk about financial market returns. When we invest money via impact crowdfunding, I think it is important to have a benchmark to use. That is, you should have something in mind as a target return on your impact portfolio. Setting that goal should be informed by market returns. We’ll take a look at stock and bond market returns at our meeting.
Diligence Reports
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 is the company we’ll learn more about this month:
Karis Family Daycare
Karis Family Daycare is raising funds on MainVest. It is a daycare business that operates two play-based childcare facilities in Glendale and Burbank, California. Karis Family Daycare specializes in infant and toddler care and development and uses modern and reliable childcare methods to support communities. The business plans to open a third daycare in Burbank under its umbrella to expand its services and attract more customers. Brenna Karis founded Karis Family Daycare in May 2016. The current crowdfunding campaign has a minimum target of $30,000 and a maximum target of $124,000. The campaign proceeds will be used for a land fee for the new location. (Courtesy of KingsCrowd.)Company Two w/ Link to Offering