Weekly Digest: Radical Inclusivity, Impact Cherubs and Opportunity in Africa
Learn How Progressives Succeed by Collaborating With Conservatives, How to Join the Impact Cherubs and One Investor Plans to End Hunger in Africa
First, I should take a moment to update you on the progress we’re making at funding The Super Crowd, Inc., a public benefit corporation.
Over 40 people have now invested. The total raise is a modest $13,620. While I had hoped to raise much more by now, there is something I’m pleased about. We designed the offering for the smallest investors, not the biggest ones. The plan is working.
The average investment in TSCI is just $332. That compares to an industry average of about $1,000 for other regulation crowdfunding offerings—many of which set much higher minimums. We’ve seen Reg CF offerings with minimum investment requirements as high as $2,500!
If you take out our largest investor and recalculate the average, it’s just $214. As you can guess, many of our investors have put in under $100. Many are first-time crowdfunding investors.
We aim to accelerate the industry's growth by engaging millions of ordinary investors who will thoughtfully invest hundreds of dollars in projects every year. Millions of people doing a little bit each can provide vast amounts of investment capital to local businesses, social entrepreneurs and diverse founders every year.
To realize the goal, we need to build the community. One part of that is growing the number of people investing in TSCI. The capital we raise will enable us to host local events around the country. The money is essential. Still, building a community is even more critical.
You can help by investing in TSCI today. We have about 4,000 subscribers to this newsletter and podcast. We need your help to go from about 1 percent of subscribers investing to 10 percent. Every little bit helps. Please join us!
Radical Inclusivity Is Key to Solving Social Problems
AI Podcast Summary
Nisha Anand, CEO of Dream.org, was a guest on the Superpowers for Good show with Devin Thorpe.
Dream.org works on issues such as climate change, social justice, and tech, and uses a unique approach of radical inclusivity.
Anand has had success with civil disobedience but also acknowledges the importance of changing hearts and minds.
Her master's degree in international peace and conflict resolution has helped her in building bridges across the aisle.
Anand discusses her work on passing the First Step Act, a federal piece of legislation on criminal justice reform.
She learned that finding common ground on even just 2% of issues can lead to progress.
Anand believes that bridge-building is key to combating polarization in society.
Everyone can develop bridge-building skills by connecting with others on a human level and taking a more inclusive approach to their work.
Dream Corps tackles social justice issues through tech and innovation with campaigns such as Green For All and #cut50.
The conversation ended with a call to action to use our superpowers for good to make positive changes in the world.
Join the Impact Cherub Club in June
As we gear up for the 1:00 PM Eastern, June 20, 2023, meeting of the Impact Cherub Club, we invite you to join us. The club is an informal gathering of friends who meet 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!
Investor: The Real Opportunity in Africa Is Food Distribution, Not Tech
AI Podcast Summary
1. Africa Eats is a holding company that supports African-led agricultural enterprises.
2. The company buys the outputs of smallholder farmers and sells them to retailers.
3. The goal is to solve hunger and poverty in Africa through for-profit companies.
4. Africa Eats works with companies that solve the problem of post-harvest losses and buy the farmers’ outputs.
5. The company has seen a four-time increase in revenue since 2019 and now works with 114,000 farmers.
6. Africa Eats has grown companies like East Africa Foods and Hervé’s ag logistics company in Rwanda.
7. The creation of a food and ag logistics fleet is the first and only refrigerated trucking fleet in Rwanda; it has 14 trucks and growing.
8. African-based entrepreneurs find it challenging to secure funding for their businesses.
9. Africa Eats aims to become a public company listed on the London Stock Exchange, offering opportunities for shareholders.
10. Luni Libes encourages those interested in investing in Africa Eats to visit their website or follow them on social media.
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