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Weekly Digest: Compassionate Capitalism, Purpose Rounds and a Lynching's Legacy
AI Podcast Summary
Karen Rands is the founder of Kugarand Capital Holdings, focusing on compassionate capitalism and helping people become angel investors through crowdfunding.
She discovered angel investing after leaving IBM and realized the lack of awareness and understanding about it due to legal restrictions on soliciting capital.
Karen wrote a book called “Inside Secrets to Angel Investing” to educate and guide potential investors, particularly those in corporate America with high incomes.
Her goal is to make angel investing as popular as real estate or stock market investing, as it offers the opportunity for impact and fulfillment.
Karen’s superpower is analyzing business concepts and helping entrepreneurs improve their strategies to achieve market success and funding.
She has seen success in mentoring entrepreneurs, helping them refine their business plans and secure funding.
Karen breaks down business concepts and identifies red flags to address, then helps entrepreneurs develop their investor avatar to attract the right investors.
Entrepreneurs should start by raising funds from friends and family, gaining confidence in their product and business before approaching external investors.
Karen offers coaching programs for entrepreneurs and investors, focusing on filling gaps, building confidence, and effectively raising capital.
To learn more about Karen and her work, visit her website KarenRands.co and access her free e-book “The 12 Secrets of Innovation and Wealth.”
I really can thank you enough. The Super Crowd community stepped up big time to help us close the crowdfunding raise with a bang last week! You helped us exceed our core goal by 16%! We announced the completion of the round on July 4th, America’s independence day, while I celebrated your generosity! Thank you so much!
Don’t miss the first SuperCrowdHour webinar on July 19 at 1:00 Eastern. A power trio of firms have come together to launch what they call a “Purpose Round” of financing. The social enterprise Parker Clay is raising money with support from DealMaker and Renew Venture Capital. The top leaders of all three firms will join me for this powerful discussion.
AI Podcast Summary
Devin Thorpe interviews Heather, the CEO of The Giving Gap, a nonprofit that profiles Black-founded nonprofits to help them close the funding gap.
Black-founded nonprofits receive less funding than white-founded nonprofits, and The Giving Gap aims to address this disparity.
The Giving Gap was inspired by the public lynching of a Black man in Minnesota and the larger social and economic disparities revealed by the pandemic.
The organization has created a website where donors can discover and support Black organizations doing good work in their communities.
The goal of The Giving Gap is to mobilize dollars to close the gap in giving and provide resources to Black nonprofits.
One strength of Black-led nonprofits is their ability to do more with less and their tendency to collaborate and innovate.
Black founders and leaders bring unique lived experiences and a human-centered approach to community work.
The Giving Gap aims to challenge the traditional definition of a high-performing nonprofit and highlight the attributes and characteristics unique to Black organizations.
Heather’s superpower is her ability to connect disparate ideas, people, and places, which she uses to facilitate conversations, foster relationships, and generate new ideas.
Some advice for making connections is to be curious, open, and ask questions, share parts of yourself, listen authentically, and connect the dots between what you hear and your own experiences and interests.
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