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How to Make Money with Impact Crowdfunding
This post is originally posted here by Devin Thorpe
Your Guide to Profitable Investing in Support of Diverse Founders, Social Entrepreneurs and Community Builders
https://www.youtube.com/watch?v=GF33uPcoGEs
AI Summary
1. The host, Devin Thorpe, introduces his show "Superpowers for Good," where he provides education on making money with impact crowdfunding, investing for positive change, and matching market returns.
2. Devin emphasizes the importance of making money while having an impact, explaining that financial returns allow for continued investment and greater impact over time.
3. He provides an overview of the stock and bond markets, mentioning the average returns (10% for stocks and 6% for bonds) and the risks involved, including significant losses during downturns.
4. Devin delves into the concept of impact investing and how it can address issues such as climate change, global health, and poverty through investments in companies working in those areas.
5. The episode covers the regulated nature of impact crowdfunding, which is overseen by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA), and the growth of this form of investing.
6. Thorpe mentions the Impact Cherub Club, a group he is involved with that focuses on investment crowdfunding for social good, encouraging listeners to join and invest collaboratively.
7. Six common investment types in impact crowdfunding are discussed: term loans, revenue-based financing, convertible notes, simple agreements for future equity (SAFEs), preferred stock, and common stock.
8. Three specific investment strategies are outlined: yield (focusing on interest and dividends), venture capital (seeking appreciation of investment), and hybrid (a mix of yield and venture capital approaches).
9. The importance of due diligence is highlighted as the critical difference maker in investment outcomes, with Devin providing five keys: understanding risks, assessing impact, evaluating the management team, considering deal terms, and looking at business prospects.
10. Finally, Devin explains how individuals can start small by investing as little as $10 in impact crowdfunding deals, specifically mentioning the platform "SMBX" as a place where small initial investments are possible.
Ten Great Companies Pitched at SuperCrowd23
For anyone that was unable to attend the SuperCrowd23 conference, here’s a roster of ten companies that pitched at the conference. Feel free to visit their offerings.
And here are some videos of the individual companies making their pitches:
May 10th: https://www.youtube.com/watch?v=Z6GaZ7oQRZM
May 11th: https://www.youtube.com/watch?v=odP33mS9fFk
Note: This is not financial advice. You should seek your own counsel before making investment decisions.
Building Wealth and Empowering Black Founders: The 10K Project's Mission
An Interview with Tawana Rivers:
CEO Tawana Rivers Shares the Power of Investment Crowdfunding for the Black Community
This article is a must-read for anyone interested in empowering the Black community financially. It sheds light on the challenges faced by Black Americans in building wealth, including historical and systemic barriers such as discriminatory policies and practices. But don't despair - the author offers practical solutions to address these issues, including increasing financial literacy, supporting Black-owned businesses, and investing in Black-led initiatives. The article also features inspiring examples of successful Black entrepreneurs and organizations that are making a positive impact. Reading this article will leave you feeling motivated to take action and make a difference in creating a more equitable society.
Tawana will speak at SuperCrowd23, joining a panel discussion on investing like a professional. Andrew Savikas of Yieldtalk will moderate the panel. Dan Devlin of Doriot, Eric Cox of Netcapital and author Karen Rands will complete the roster.
You Can Be an Among the First to Invest in The Super Crowd, Inc.
Below I am re-posting what Devin Thorpe has already posted on LinkedIn.
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Prior SuperCrowd Speeches / Presentations (Videos)
For anyone searching for the speeches and presentations to SuperCrowd22, here's a link to those videos.
https://thesupercrowd.com/video
Look forward to seeing people at the 23 event.
Last year, I hosted and organized a conference about investment crowdfunding called SuperCrowd22. It was a huge success. It was also a test that proved we could make this into a business.
In December, I formed a public benefit corporation, The Super Crowd, Inc., to own and operate the conference business. We are now raising funds via Crowdfund Main Street.
Will you invest? Please allow me to make the case:
In the US, about 100,000 people invested in impact businesses, including all the companies working on cleantech, education, building community and virtually anything else that has the potential to make a positive change in the world. Because that assessment is a bit subjective, the number certainly isn’t exact.
That’s a lot of people. It would fill the largest stadium in the country.
The problem with that number is that it should be about 100 times larger. About 250 million adults can legally invest for impact via crowdfunding. My goal is to help the number of people who do so grow to 10 million investors in ten years.
To be clear, TSCI and I cannot do this alone. We won’t own the entire community—at best, only a fraction of it. But, we can play a role in accelerating the growth through strategic, ongoing, enthusiastic collaboration with industry players and the broader impact community.
Our crowdfunding campaign is designed to deepen collaboration by more fully aligning the interests of our strategic partners. The more we align interests with a vision for growing the impact crowdfunding space, the more rapidly we can do it.
Our business model is focused on bringing large groups of people together to merit sponsor support.
In 2022, we hosted one virtual conference.
In 2023, we’ll host a larger virtual conference and plan to host three local popup events across the country. We’ll also begin hosting periodic 60 to 90-minute sessions later this year and plan to continue those in the future.
By 2027, we plan to host more than 25 local popup conferences, plus our big annual online event. As our community grows, we anticipate that we can extend the revenue and profitability by both increasing the revenue and profit of each event and by hosting more events.
By building a solid team, we can continue to grow without limitation.
To be clear, we can’t guarantee financial results.
To learn more visit https://devinthorpe.substack.com/p/you-can-be-an-among-the-first-to