Ask most successful people how they launched their business and they will say luck, grit, and support from friends and family: a spouse, their parents, maybe a successful sibling, or their dear Uncle Joe who’s always believed in them (and if they’re well connected, a few wealthy friends). Yet while most entrepreneurs have plenty of grit, perseverance, and sometimes a bit of luck, many lack a network of friends and family members with excess capital to spare, particularly women, Black, Indigenous, and people of color (BIPOC), who are half of the US’s entrepreneurs.
The lack of systems where entrepreneurs and investors can meet, form relationships of trust, and possibly do business together is one of the six gaps we identified in our Twin Cities Impact Investing Ecosystem study. While this is a nationwide issue, what gives me hope are all the solutions popping up to address the “friends and family” gap, both locally and across the country.
We’re excited to hear from national featured guests who are actively solving these impact investing issues at our virtual Impact Investing conference on Thursday, June 10th. We’ll hear from:
Expect discussions with attendees and leaders from some of the many emerging and established Twin Cities-based funds and initiatives. We call them “sparks” because they are lighting fires for action by addressing the gaps in our ecosystem and inviting others to join their initiatives. They include:
We hope you can join us on the 10th, click here for full information and registration. Stay tuned for more announcements!
As a philosophy major who went to Wall Street, Susan Hammel translates between passionate social changemakers and expert accountants. In her role as CEO of Cogent Consulting PBC, Susan is celebrating over 20 years as an impact advisor and is serving her sixth year as Minnesota Council on Foundation Executive in Residence for impact investing. Like in her youth, Susan remains optimistic and passionate about changing the world and enjoys downtime by the lake with her husband and the 4 adult children in their blended family, their partners, plus a recent addition of a beautiful grandson.
“Silence in the face of evil is itself evil: God will not hold us guiltless. Not to speak is to speak. Not to act is to act.”― Dietrich Bonhoeffer
This powerful quote is how Minnesota’s Attorney General Keith Ellison opened his keynote address at the Minnesota Council on Foundations annual conference last month. As Americans, we stand for individual freedom, the right to pursue happiness, and the dignity of each person. These fundamental values are under assault. We need to muster our courage and act. Perhaps it’s reaching out to a friend with disabilities who is worried about funding cuts. Maybe it’s shopping and dining at non-traditional places and restaurants such as those found on Lake Street in Minneapolis. Or maybe it’s running for public office so we’ll have better leadership choices. Let me know what actions you’re taking in these fraught times.
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