New Impact Offerings, Investing in Social Entrepreneurs, August Impact Cherub Club Meeting, and Braiding Hair for a Sustainable Future
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Luna Wellness Spa Featured Among New Impact Offerings – August 12, 2024
Each week, Superpowers for Good shares a list of new impact-related offerings added to FINRA-Registered Crowdfunding portals and by broker-dealers. We’ll share four separate lists:
Impact offerings determined by our proprietary analysis.
Offerings with minority founders.
Deals with women founders.
Those with LGBTQ founders.
Sometimes, it takes weeks for our source to determine that a company has a social impact, a woman, minority or LGBTQ founder. When we discover an offering qualifies for our list, even if it is no longer new, we will include it. See the lists below.
Investing in Social Entrepreneurs: A Pathway to Impact
tl;dr:
Introduction of Nicole Etchart: Nicole Etchart is introduced as a leading figure in social entrepreneurship, having invested decades in supporting underserved communities through her organization, NESsT.
About NESsT: NESsT helps social enterprises grow and become self-sustainable, focusing on dignified Employment for underserved communities. The organization has invested in around 250 companies, creating over 112,000 jobs and impacting 1.7 million people, primarily in emerging markets.
Investment in Impactful Enterprises: Nicole discusses NESsT’s work with companies like Aswabe in the Brazilian Amazon, which produces Brazilian nuts sustainably. NESsT supports these enterprises through capacity building, business services, and providing capital, ensuring they can grow and have a greater impact.
Impact Investing Approach: Nicole emphasizes that NESsT is an impact-first investor, prioritizing social impact over quick financial returns. She highlights the importance of patience, tolerance for risk, and deep understanding of local realities in successful impact investing.
Personal Insights and Resilience: Nicole shares her personal background and attributes her success to resilience, hard work, and the support of mentors. She also discusses the challenges NESsT faced in starting its own impact fund and the importance of perseverance in achieving long-term goals.
See the Great Companies We’re Considering at the August Impact Cherub Club Meeting
As we gear up for the 1:00 PM Eastern, August 20, meeting of the Impact Cherub Club, we invite you to join us. (If you have any trouble signing up just email me.) The club meets 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. While members are encouraged to invest in the Club’s picks, no one is required to invest.
The Club is open to all “Impact Members” of the SuperCrowd (our paying subscribers). I don’t touch the Money members invest. They do so directly for their own accounts. We benefit from new members by the fresh perspectives they bring and our growing social impact. Please join us!
Next Meeting—August 20, at 1:00 PM Eastern
At our next meeting on August 20, at 1:00 PM Eastern/10:00 AM Pacific, consistent with our plans for future sessions, the agenda will have three items:
Diligence Reports
Education Moment
Preliminary Consideration of New Candidate Investments
Innovating Braiding Hair for a Sustainable Future
tl;dr:
Introduction to the company: Jannice Newson, the CEO of Lillian Augusta Beauty, introduces her company, which produces sustainable, plant-based braiding hair as an alternative to synthetic hair made from plastic.
Problem with synthetic braiding hair: Synthetic hair causes traction alopecia, allergic reactions, and environmental harm, contributing to 98 million pounds of plastic waste annually in the U.S. alone.
Sustainable solution: Lillian Augusta Beauty provides hypoallergenic, ultra-lightweight, and compostable braiding hair that is better for both users and hairstylists while addressing environmental concerns.
Entrepreneurial journey: Jannice, with a background in environmental science, began developing the product at the University of Michigan and overcame challenges to make the product in her basement during the pandemic.
Business outlook and crowdfunding: The company has launched and is running a crowdfunding campaign on WeFunder, aiming to revolutionize the $2.5 billion Black haircare industry and expand into a $100 million business.
Max-Impact Members
The following Max-Impact Members provide valuable financial support to keep us operating:
Carol Fineagan, Nicholas and Company | Lory Moore, Lory Moore Law | Marcia Brinton, High Desert Gear | Ralf Mandt, Next Pitch | Sheryle Gilihan, CauseLabs
Upcoming SuperCrowd Event Calendar
If a location is not noted, the events below are virtual.
Impact Cherub Club Meeting hosted by The Super Crowd, Inc., a public benefit corporation, on August 20, 2024, at 1:00 PM Eastern. Each month, the Club meets to review new offerings for investment consideration and to conduct due diligence on previously screened deals. To join the Impact Cherub Club, become an Impact Member of the SuperCrowd.
SuperCrowdHour, August 21, 2024, at 1:00 PM Eastern. Each month, we host a value-laden webinar for aspiring impact investors or social entrepreneurs. At this month’s webinar, Devin Thorpe will provide a “Step-by-Step Guide to Raising Capital from the Crowd.”
Superpowers for Good Live Pitch, September 25, 2024. The application window is open now. Apply today! The Live Pitch will stream live to the e360tv network, Facebook, LinkedIn, YouTube and Superpowers for Good simultaneously. We hope for an audience of thousands! Don’t miss this opportunity to pitch your regulated investment crowdfunding campaign to the SuperCrowd!
Recently, we created an AI GPT to help you learn more about The Super Crowd, Inc., a public benefit corporation, and our upcoming events. Click here to try it.
Community Event Calendar
Successful Funding with Karl Dakin, Tuesdays at 10:00 AM ET – Click on Events
Main Street Skowhegan and NC3 Entrepreneur Finance Workshop Series, September 17 – November 19, 2023.
Crowdfunding Professional Association, Summit in DC, October 22-23
If you would like to submit an event for us to share with the 8,000+ members of the SuperCrowd, click here.
Originally Published on https://www.superpowers4good.com/
