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Episode 42: How to Create a Small Business Funding Ecosystem with Jenny Kassan and Michelle Thimesch

Episode 42: How to Create a Small Business Funding Ecosystem with Jenny Kassan and Michelle Thimesch

In this episode, Capital Insight co-hosts and securities attorneys Jenny Kassan and Michelle Thimesch sit down to have a chat about creating an ecosystem for small business by taking seriously the adage that change moves at the speed of trust.

Key Takeaways:

“Lack of sufficient capital is the number one reason for business failure. Without adequate funding – and not just any funding but funding that allows them to grow their business without too much pressure – they’re probably just not going to make it. The tools are there to raise large amounts of money for any small business . . . but after 6 years of national crowdfunding being legal . . . we’re realizing there is so much more that is needed for entrepreneurs to get the funding they need.”

“More than half of our country’s adult population consists of investors. The majority of people in our country are investors, but they don’t even think of themselves as investors. …That’s the third pillar: empowering people who have investment money to use that money in a way that is more consistent with what they want to see in the world.”

Get In Touch:

Website: https://www.jennykassan.com/

https://crowdfundmainstreet.com/

https://www.opportunitymainstreet.com/

Socials:

Twitter: https://twitter.com/jennykassan

LinkedIn: https://www.linkedin.com/in/jennykassan/

Instagram: https://www.instagram.com/thekassangroup/

Additional resources:

  • Angels of Main Street is a community of investors with no minimum wealth or income requirement to join.  If you’d like to be part of a community of diverse investors who want to make a difference with their dollars, please join us in Angels of Main Street!

Episode Credit:

Intro and outro are voiced by Marina Verlaine. She can be contacted at reel.peach.vo@gmail.com

Check out past episodes here!

Episode 41: Lessons from Decades in the Movement to Move Money from Wall Street to Main Street with Michael Shuman

Episode 41: Lessons from Decades in the Movement to Move Money from Wall Street to Main Street with Michael Shuman

In this episode, Capital Insight co-hosts and securities attorneys Jenny Kassan and Michelle Thimesch talk with Michael Shuman, economist, attorney, author, and entrepreneur, and a leading visionary on community economics.  Michael is one of our nation’s leading thinkers, speakers, and writers on the movement to move money from Wall Street to Main Street.

Key Takeaways:

“What I see now are a number of unhealthy mutations in our capital system, where most of the money is going to Wall Street, even though Wall Street and the companies it represents are a relatively small fraction of our economy – and the vast majority of our economy, which is occupied by local businesses and institutions, gets little to none of our investment money. If we can fix that, I believe we can fix a whole bunch of other problems that we face.”

“More than a million Americans of our 330 million population are actively involved in investment crowdfunding; that is significant, but it’s still less than 1% of the population. To go further, we need a lot of education.”

Bio:

Michael Shuman works on community-based solutions rooted in local markets, small business and devolution and is the author of the acclaimed Going Local: Creating Self-Reliant Communities in a Global Age. Former Co-Director of the Institute of Policy Studies, Shuman founded the Center for Innovative Diplomacy, an 8,000-member nonprofit organization dedicated to promoting global peace, justice, development, and environmental protection through direct citizen and city participation in international affairs.

Get In Touch:

Website: https://michaelhshuman.com/

https://www.themainstreetjournal.org/

Socials:

Twitter: https://twitter.com/smallmart?lang=en

LinkedIn: https://www.linkedin.com/in/mishuman/

Instagram: https://www.instagram.com/yourlocalrepairman/

Additional resources:

  • Angels of Main Street is a community of investors with no minimum wealth or income requirement to join.  If you’d like to be part of a community of diverse investors who want to make a difference with their dollars, please join us in Angels of Main Street!

Episode Credit:

Intro and outro are voiced by Marina Verlaine. She can be contacted at reel.peach.vo@gmail.com

 

Check out past episodes here!

Episode 40: Using Impact Investment to Build Community with David Lynn

Episode 40: Using Impact Investment to Build Community with David Lynn

In this episode, Capital Insight co-hosts and securities attorneys Jenny Kassan and Michelle Thimesch talk with David Lynn of Mission-Driven Finance, an impact investing firm created to fill the gap between philanthropy and traditional investments in order to accelerate positive social change.

Key Takeaways:

“If you’re a small business or social enterprise or nonprofit and you need 300 grand and you don’t own hard assets and you’re not on the venture capital path you’re really out of luck . . . we said that is a perfect place to be moving capital.”

“It should be easy to invest in your community – that is really the goal.  Our big focus is to create more opportunities to let non-accredited investors be able to invest in the things they care about.  It’s still not easy.”

Bio:

David Lynn co-founded Mission Driven Finance in 2016 after spending 20 years working in the financial and philanthropic sectors and looking for a way to blend those two worlds. Prior to focusing on impact investing, David specialized in family office investment portfolios including both private investments and risk management through derivatives. Most recently, David has been the investment manager for the Price Group, a family office and charitable foundation environment, including directly running an actively managed equity derivatives portfolio and serving as a director with the Price Philanthropies Foundation. With a long dedication to community involvement, David has served in a leadership capacity for a variety of nonprofit and philanthropic initiatives, including San Diego Grantmakers, San Diego Impact Investors Network, Education Synergy Alliance, Mission Edge San Diego, San Diego Social Venture Partners, and San Diego Humane Society.

Get In Touch:

Website: https://www.missiondrivenfinance.com/

Socials:

LinkedIn: https://www.linkedin.com/company/mdfinancesd/

Twitter: https://twitter.com/MDFinanceSD/

Instagram: https://www.instagram.com/mdfinancesd/

Additional resources:

  • Angels of Main Street is a community of investors with no minimum wealth or income requirement to join.  If you’d like to be part of a community of diverse investors who want to make a difference with their dollars, please join us in Angels of Main Street!

Episode Credit:

Intro and outro are voiced by Marina Verlaine. She can be contacted at reel.peach.vo@gmail.com

 

Check out past episodes here!

Episode 39: How Culturally Enforced Notions of Risk Shape the Future of Small Business with Kevin Bayuk

Episode 39: How Culturally Enforced Notions of Risk Shape the Future of Small Business with Kevin Bayuk

In this episode, Capital Insight co-hosts and securities attorneys Jenny Kassan and Michelle Thimesch talk with Kevin Bayuk of LIFT Economy, an impact consulting firm whose mission is to create, model, and share a racially just, regenerative, and locally self-reliant economy that works for the benefit of all life.  Kevin shares about his journey from young tech start up founder in Silicon Valley to permaculture designer to social enterprise advisor and expert and what he learned along the way about how finance can be in service of the greater good.

Key Takeaways:

“The cultural and structural mandates around capital…reinforce these patterns of extraction, the expectations that finance should generate a certain amount of return depending on which asset class it is and anything that doesn’t perform according to some culturally or structurally enforced market rate standard is therefore not going to receive funding. …I observe many projects that are intended to take care of humanity in ways that benefit nature and the rest of life, projects around food and water security, there are projects that exist that need resourcing. There is a tremendous amount of wealth, trillions of dollars of wealth globally…but the mismatch comes in the question of what is the potential of return in those projects.”

“I think there are people who have discretion in the world of finance around choosing investments…angel investors who are able to and have a pattern of investing in early-stage companies. Where is it written in some law that that investor must expect liquidity in five-to-seven years? Where is it written in law that that investor has to expect 20% IRR? Culturally, that’s what’s normal to want or target, but that individual should have discretion to make different types of investment. But there’s this norm around early-stage venture private equity that says we should expect something different. There’s a whole set of contrivances that dictate behavior. I think it would be healthy for us all to admit that our notion of risk, in terms of the problems of our time, is different from the way that we thought about it 30-40 years ago.”

Bio:

Kevin Bayuk’s roots are in entrepreneurship, having spent nearly a decade starting and growing technology companies, and activating projects and organizations that regenerate healthy ecosystems and socially just and joyful environments. After immersing himself in all aspects of starting and growing companies, Kevin focused his attention on learning about and teaching eco-systemic design. Now Kevin is merging his experience in business with his experience in permaculture to help businesses care for people while enhancing the earth. Kevin also serves as the Senior Financial Fellow at Project Drawdown, developing the business case to address climate change through existing practices and technologies. He frequently teaches classes, workshops, does public speaking, facilitates meetings, plans events and provides one on one mentoring as a founding partner of the Urban Permaculture Institute San Francisco. Kevin has helped design and start food security gardens and public learning experiences intent on reminding people that we,too, are nature. Kevin has raised millions of dollars to capitalize business operations, led teams of more than 30 employees, and can speak well to the benefits and pitfalls of raising capital and the many paths of growing a business.

Get In Touch:

Website: https://www.lifteconomy.com/

LIFT Economy Socials:

Twitter: https://twitter.com/lifteconomy/

LinkedIn: https://www.linkedin.com/company/lifteconomy/

Additional resources:

  • Angels of Main Street is a community of investors with no minimum wealth or income requirement to join.  If you’d like to be part of a community of diverse investors who want to make a difference with their dollars, please join us in Angels of Main Street!

Episode Credit:

Intro and outro are voiced by Marina Verlaine. She can be contacted at reel.peach.vo@gmail.com

 

Check out past episodes here!

Episode 38: How Foundations can Make Catalytic Investments in Small Business with Jonathan Coleman

Episode 38: How Foundations can Make Catalytic Investments in Small Business with Jonathan Coleman

In this episode, Capital Insight host and securities attorney Michelle Thimesch talks with Jonathan Coleman of Untours Foundation.  Untours Foundation was created by Untours, an outside-the-box travel company that prioritizes immersion in local communities rather than funneling tourist dollars into big hotels that do not benefit small businesses owned and operated by locals.

The Untours Foundation works to alleviate poverty by providing low-interest loans to social entrepreneurs and businesses across the United States and around the world.   The Foundation also advocates for mission-aligned investing in order to more broadly build a just and environmentally sustainable global economy.

Key Takeaways:

“We’re using this democratized ownership model to make sure that the benefits of this work go directly to…impoverished regions. This is the kind of thing that no one else is gonna fund, and we’re willing to take that risk because we see that the impact, if it works, will be extreme.”

“Smaller community-owned tourism operators that have the most downstream impact on their local communities are the ones that need capital right now…We see tourism as a huge lever for broader impact in the world. Travel accounts for 10% of global GDP, 10% of global jobs, and almost 10% of global emissions. We want to be part of the solution toward reimagining what that is.”

Bio:

Jonathan Coleman grew up in small-town middle America, in a family that didn’t travel much. Now, he has lived in Latin America, Africa, and the Middle East while working in education and youth-focused initiatives. He received his MBA in International Economic Development and spent years at the helm of ASSETS, an organization that helps launch and grow social enterprises and diversely-owned businesses in Lancaster, PA. Their mission and values mirror those of the Untours Foundation, helping create jobs, boosting sustainability, and working toward economic inclusion. Coleman also runs Intentional Tours with my wife Kate, leading cultural immersion tours in the Dominican Republic, Kenya, and Cambodia.

Get In Touch:

Website: https://untoursfoundation.org/

Untours Socials:

Twitter: https://twitter.com/untours/

Facebook: https://www.facebook.com/untours

Instagram: https://www.instagram.com/untours/

Additional resources:

  • Angels of Main Street is a community of investors with no minimum wealth or income requirement to join.  If you’d like to be part of a community of diverse investors who want to make a difference with their dollars, please join us in Angels of Main Street!

Episode Credit:

Intro and outro are voiced by Marina Verlaine. She can be contacted at reel.peach.vo@gmail.com

 

Check out past episodes here!