The mortgage crisis might seem like a distant memory, but in some ways, American families are more vulnerable than ever. More than 83,000 new families are impacted by foreclosure every month. Nationwide, one in every 200 homes goes into foreclosure. Jorge Newbery is out to change that. His company, American Homeowner Preservation (AHP), buys distressed mortgages […]
More and more successful companies are giving back by helping fledgling entrepreneurs get their ventures off the ground. Boston Beer (aka Sam Adams) offers loans and mentoring through its Brewing the American Dream program. Yogurt superstar Chobani runs an incubator for food startups. Now Red Bull is the latest to join the party. The energy drink seller is […]
The post Red Bull Academy for Social Entrepreneurs Comes to Baltimore appeared first on Locavesting.
DEAR FOUNDER, YOUR BUSINESS IS NOT A FUCKING UNICORN. A unicorn is a mythical animal. You created a real business. Regardless of your company size or promise, you took a significant risk, saw something others didn’t and acted on it. I find it borderline insulting to call your business something that isn’t real (sorry 7-year-olds). […]
The post Dear Founder, Your Business is Not a F*&@#ng Unicorn. appeared first on Locavesting.
It might have seemed like an April Fool’s Day joke, but, after four years of stop and go efforts, North Carolina’s intrastate crowdfunding law finally went live on April 1st. To date, 33 states and the District of Columbia have adopted local crowdfunding rules. But North Carolina’s law breaks new ground by creating a flexible […]
The post North Carolina Forges Ahead With Intrastate Crowdfunding appeared first on Locavesting.
The fifth anniversary of the signing of the JOBS Act marks a significant milestone. For the first time, we can begin to take the full measure of the law, now that all of its six provisions have gone into effect. So how is it living up to its promise to channel more capital to the […]
RSF Social Finance has been a leader in sustainable funding, with more than $450 million in loans, grants and investments since 1984. Along the way, it has mastered the art of creative financing, marshaling the right mix of funding tools to meet the unconventional needs of social enterprises. With a new Integrated Capital Fellowship, RSF […]
The post A Fellowship for Finance Professionals Creating Positive Change appeared first on Locavesting.
The wealth disparity between Black and White Americans is widely documented—Black households across the country average about one tenth the median net worth of White households. In Washington, D.C., that gap is more like a chasm: White households have a net worth 81 times greater than the District’s Black households. The reasons for the national […]
The post A New Accelerator Sets Black Business Owners up for Success appeared first on Locavesting.
When I first met John Henry—at a startup party, fittingly enough—he had recently sold his first business and was launching Cofound Harlem, a startup incubator in the historic upper Manhattan neighborhood. He possessed an infectious charm and energy, which might have been chalked up to youthful naiveté. But Henry, now a partner with Harlem Capital […]
The post From Doorman to Venture Capitalist by Age 24. Meet John Henry appeared first on Locavesting.
Exits. The stuff that crowdfunding investor dreams are made of. Or not? A story we ran recently has prompted us to think more about this topic. It was about the acquisition of Scotty’s Brewhouse, a mini-chain of midwestern brewpubs that is one of the few crowdfunded companies (in this case through Indiana’s intrastate exemption) to […]
Scotty’s Brewhouse in Indiana has become the first intrastate crowdfunding exit. After raising money through Indiana’s intrastate crowdfunding exemption in 2014, Scotty’s Brewhouse, a chain of 18 brewpubs founded 20 years ago, recently agreed to be acquired by a private equity firm for an undisclosed sum. Scotty’s raised just a small amount of its total […]
The post A Crowdfunding Exit in Indiana as Scotty’s Brewhouse is Acquired appeared first on Locavesting.