See the Great Companies We’re Considering at the July Impact Cherub Club Meeting
I’m not a financial advisor; nothing I write in Superpowers for Good should be considered investment advice. You should seek appropriate counsel before making investment decisions.
As we gear up for the 1:00 PM Eastern, July 16, meeting of the Impact Cherub Club, we invite you to join us. 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—July 16, at 1:00 PM Eastern
At our next meeting on July 16, 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
I’ll review those items in reverse order.
New Company Consideration
After some preliminary screening, I’ve shared some candidate offerings with the members of the club to choose which we’ll review this month. Members chose the following:
El Centro Home
El Centro Home is raising funds on Small Change. It is a formerly vacant warehouse located at 3360 Frankford Avenue, Philadelphia, Pennsylvania, being remodeled into El Centre de Estudiantes Big Picture Philadelphia School. El Centro Home will function as the space for the school to improve job readiness skills and provide workforce training for their students. The first phase of construction of El Centro Home has already commenced and is expected to be completed in 2023. Joseph Brian Murphy founded El Centro Home in January 2022. The company is doing a side-by-side offering with a Reg CF raise open to everyone and a Reg D 506(c) raise open to accredited investors only. The current crowdfunding campaign has a minimum Reg CF target of $2,500, a maximum Reg CF target of $124,000, and a maximum 506(c) target of $2.4 million. The company will stop raising when it reaches the maximum target amount in both offerings combined or the maximum target of just the Reg D offering. The campaign proceeds will be used for the cost of construction. (Courtesy of KingsCrowd.)
Emission Free Generators
Emission Free Generators, with a valuation of $22 million, is raising funds on Wefunder. The company has developed portable and easy-to-use generators with zero-emission. The generators of Emission Free Generators provide clean electricity to everyone, when and where they want it. They are virtually silent and come in elegant designs. Also, the Emission Free Generators use fuel cartridges and never run out of power. Mark Collins and Thomas Buday founded Emission Free Generators in March 2022. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $1,070,000. The campaign proceeds will be used for product development, demonstration units, patent and IP protection, and marketing. (Courtesy of KingsCrowd.)
Education Moment
At our next meeting, we’ll discuss the difference between pre-and post-money valuation, the situations when the difference matters a great deal, and when it doesn’t, and revisit the topic of why valuation is critically important to deal terms.
Diligence Reports
We’ll begin with the due diligence reports from the Impact Cherub Club members who volunteered to research the companies after we briefly learned a bit about them last month. After hearing the members’ reports, we’ll vote to determine whether or not to recommend investment in the companies. The decision will be made available to all Impact Cherub Club members, including those who don’t attend this month. Register here.
Here are the companies we’ll learn more about this month:
ZNest
ZNest, with a valuation of $12 million, is raising funds on Wefunder. The company is working towards making the lives of older adults better through well-managed senior housing. ZNest is Zillow combined with LinkedIn for the senior housing industry and solves the issues of labor shortage and high referral fees with its digital marketplace. The platform has a job board that is purpose-built for senior housing jobs, a marketplace to eliminate hidden referral fees, and SaaS tools to fix inefficiencies. Bennett Kim founded ZNest in March 2022. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $2 million. The campaign proceeds will be used for product development, marketing, and legal fees. (Courtesy of KingsCrowd.)
Ciel Creative Space
Ciel Creative Space is raising funds on SMBX. It is an award-winning multi-studio venue in Berkeley, California. Ciel Creative Space houses professionals from the Fashion, music, art, and tech local and global realms and is at the forefront of the creative industry. The space enables creators to streamline their creative process under one roof and empowers clients through a studio experience and an inspiring environment. Cecilia Caparas Apelin and Alexis Laurent founded Ciel Creative Space in June 2018. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $400,000. The campaign proceeds will be used for financial review, staffing, and expansion of the brick-and-mortar location. (Courtesy of KingsCrowd.)
Upcoming SuperCrowd Event Calendar
If a location is not noted, the events below are virtual.
SuperCrowdHour, July 17, 2024, at 1:00 Eastern. Each month, we host a value-laden webinar for aspiring impact investors or social entrepreneurs. At this month’s webinar, Pooja Mehta, crowdfund investor and advisor to entrepreneurs, will join us to share her dual perspectives.
Impact Cherub Club Meeting hosted by The Super Crowd, Inc., a public benefit corporation, on July 16, 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.
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
How Small Businesses Can Raise Capital from the Crowd, Thursday, July 11, 1 – 2 pm ET: Explore transforming your community connections into capital to start or grow a small business through regulated investment crowdfunding. Learn more about how this type of crowdfunding works and the benefits and challenges of raising capital from the crowd. About our Presenter: Author and journalist Devin Thorpe has over 25 years in finance and a rich background as a former CFO and investment banking firm founder. He’s also a champion for social good, publishing his Superpowers for Good newsletter and show.
Community Capital Live: Lisa Nutter of Community Impact Investments – Virtual Event: July 17, at 2 pm ET
Community Capital Live: Betty Francisco and Aliana Piñeiro of Boston Impact Initiative – Virtual Event: July 31, at 2 pm ET
Crowdfunding Professional Association, Summit in DC, October 22-23
If you would like to submit an event for us to share with the 7,000+ members of the SuperCrowd, click here.
Originally Published on https://www.superpowers4good.com/
