Goldilocks and the three term sheets: finding just the right amount of investor power in mission-first businesses

Goldilocks and the three term sheets: finding just the right amount of investor power in mission-first businesses

From the CEO’s of Unilever and Blackrock to Elizabeth Warren, everyone seems to be taking a crack at fixing capitalism these days. Each has their preferred adjective to describe what capitalism should become in the 21st century: Conscious Capitalism, Stakeholder Capitalism, Accountable Capitalism, Sustainable Capitalism and more.

What all these voices have in common is the understanding that the incumbent Shareholder Capitalism model is untenable. Pursuing shareholder returns while ignoring long term impacts on people and planet has been a leading contributor to environmental degradation and climate change, as well as to extreme income and wealth inequality

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SOCAP Recap: Reflections on Ownership, Power Dynamics, and More

SOCAP Recap: Reflections on Ownership, Power Dynamics, and More

At this year’s SOCAP, Transform Finance held an entire track on Alternative Ownership. In the context of the need for impact investors to critically question their positioning in relation with communities and entrepreneurs, these ownership models - Employee Ownership, Steward Ownership, Self-Diluting Equity, and more – provide options that properly balance risk among all stakeholders. In this blog post, we cover reflections from the week.

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Announcement: Transform Finance Selects First 3 Cities for Local Institutes

Announcement: Transform Finance Selects First 3 Cities for Local Institutes

The Transform Finance Institute for Social Justice Leaders – Transform Finance’s flagship training at the intersection of capital and social justice – announced in 2018 a new initiative to bring localized versions to six communities across the United States. Following a selection process among more than 20 cities that applied, Transform Finance is excited to announce that the first three local Institutes will take place in Atlanta, Cincinnati, and Phoenix.

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A More Inclusive Approach to Venture Capital: Reflections on The Aspen Institute's February Convening

A More Inclusive Approach to Venture Capital: Reflections on The Aspen Institute's February Convening

In February 2018, the Aspen Institute's Center for Urban Innovation hosted a day-long workshop in Detroit around Venture Capital's approach to equity and inclusion. Transform Finance Executive Director Andrea Armeni attended this workshop, for which CUI has just released a concise summary of the day's conclusions. 

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Conference Recap: CommonBound 2018

Last week, Transform Finance attended CommonBound 2018, the New Economy Coalition’s biennial gathering.

The conversations ranged from inspiring to introspective to saddening, and the need for developing radical alternatives to business as usual stuck out clearer than ever. With the political situation getting more grim by the day, families being displaced and torn apart, and the primacy of shareholders and investors remaining fundamentally unquestioned, conference participants brought a sense of urgency to the table.

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Supporting Foundations Seeking to Align their Endowments with Racial Justice: An Exploratory Dinner Conversation

Supporting Foundations Seeking to Align their Endowments with Racial Justice: An Exploratory Dinner Conversation

Transform Finance’s work on racial justice and finance explores the intersection of capital with the needs of the racial justice movement. As holders of capital, foundations committed to racial justice in their programmatic work, in particular, are increasingly inquiring into how to align their endowments in furtherance of racial justice.

But how exactly does race manifest in finance, and how can the effects of capital allocations be shifted to favor racial justice?

This was the theme of a dinner conversation that Transform Finance hosted for participants at Mission Investors Exchange’s 2018 Mission Forward Conference, the premier event for the leadership role for philanthropy in impact investing.

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Conference Recap: The Future of Capitalism and the Future of Work

Conference Recap: The Future of Capitalism and the Future of Work

Robots and their artificial intelligence brethren are not coming for our (human) jobs, if you ask Heidi Shierholz, former Chief Economist at the Department of Labor. Shierholz, now at the Economic Policy Institute, was a keynote speaker at The Future of Capitalism and the Future of Work, a one-day conference hosted by the Murphy Institute last Friday.

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TFIN Webinar Writeup: Opportunity Zones Under the New Tax Bill

TFIN Webinar Writeup: Opportunity Zones Under the New Tax Bill

The most recent Transform Finance Investor Network webinar, hosted in conjunction with Fran Seegull and John Cochrane from the U.S. Impact Investing Alliance and Rachel Reilly Carroll from Enterprise Community Partners,  focused on a new development in tax law and investments in low-income communities: Opportunity Zones. Opportunity Zones are designated low-income areas eligible for investments with deferred or exempt capital gains taxes under the 2017 tax bill. Although it is a new policy, investors across the impact spectrum are keen on participating and discussing its implications – and the potential warning signs.

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Transform Finance Attends UN Workshop in Uppsala, Sweden

Transform Finance Attends UN Workshop in Uppsala, Sweden

Last week, Transform Finance Executive Director Andrea Armeni attended a workshop in Uppsala, Sweden on financing the SDGs. As part of UN DOCO's efforts to drive private capital towards fulfilling the Sustainable Development Goals, this workshop featured a mix of advisors, private sector actors, and UN Officials from Armenia, Kenya, Indonesia, Jordan, and Colombia. The two-day workshop was hosted by the Dag Hammarskjöld Foundation.

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Don’t go chasing unicorns - Aner Ben-Ami

Don’t go chasing unicorns - Aner Ben-Ami

Transform Finance Board Member and Managing Director at Candide Group, Aner Ben-Ami,  writes about the inherent flaws of venture capital funding. This approach does not only harm founders, workers and communities, it can also be a poor model for investors. More alternative economic structures need to be created that allow for more equitable distribution of value and wealth. Will Zebra Funds come to the rescue? 

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LIFT Economy with Regan Pritzker: Teaching, Learning, & Tipping the Scale Toward A Just Transition

LIFT Economy with Regan Pritzker: Teaching, Learning, & Tipping the Scale Toward A Just Transition

Check out this podcast! LIFT Economy’s Ryan Honeyman chats with Regan Pritzker, board member of the Libra Foundation, about strategic philanthropy and impact investing as a whole. A common thread throughout her journey in the field is her personal and professional partnership with Transform Finance.

The Libra Foundation has been a long-term supporter of the work Transform Finance does in bridging the gap between investors and community based organizations and nonprofits. In fact, advisory board members Morgan Simon and Aner Ben Ami have been advising the Foundation on direct investments for several years and helping them filter and identify worthy projects through Candide Group (formerly Pi Investments). Regan also reveals that she's been giving out Morgan's book, REAL IMPACT, as a gift since it came out last October!

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Thank you for your support in 2017!

Thank you for your support in 2017!

For good or bad, what a year it's been, as more crises mean an ever stronger commitment to our work. We have grown our Investor Network to over $2 billion in capital committed to social justice, brought over 30 organizations together for our Institute for Social Justice Leaders in NYC, and begun seminal projects on racial justice in finance and broad-based asset ownership. Thank you for supporting us throughout these milestones and being our partners. 

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