Download the PDF This paper by Richard Smith, published alongside three others, is one of many proposals for a systemic alternative we have published or will be publishing here at the Next System Project. You can read it below, or download the PDF. We have commissioned these papers in order to facilitate an informed […]
The SEC yesterday issued final rules that increase the aggregate amount of money that may be offered and sold for Direct Public Offerings using the federal exemption from $1 million to $5 million. In conjunction with those rules, the SEC also introduced additional investor protections with rules designed to disqualify “bad actors. Highlights of the Amendments to Rule […]
By Arjanna van der Plas It’s a common dilemma for investors of all sorts: in their heart they want to choose for sustainable investing, but their brain tells them it’s wiser to go for financial gains. And even if the heart wins and they start looking into sustainable investments, they may worry that“fossil-free” and “low-carbon” […]
Systemic Crisis and Systemic Change in the United States in the 21st Century This new working paper from The Next System Project was prepared as an invited contribution to the “After Fossil Fuels: The New Economy” conference taking place in Oberlin, Ohio from October 6-8, 2016. In the paper, Next System Project co-chairs Gar Alperovitz […]
A SOCAP Guest Post By Adam Wiskind Neighborhood Economics Highlights New Tools to Redirect Capital Locally The Neighborhood Economics conference was a SOCAP associated event that told inspiring stories about how investment in local businesses can transform our communities. Overwhelmingly, invested capital in the US flows to large scale Wall Street corporations. Only 1% of […]
By Garvin Jabusch There’s an argument in the world of impact investing that goes something like, ‘impact happens only through private investments; there is no real impact, apart from shareholder engagement efforts, in public equity investing.’ An associated perception is that investment impact means capitalizing an enterprise beyond what would happen otherwise, meaning private equity […]
The term “unicorn” was coined by Aileen Lee of Cowboy Ventures to describe private companies that have achieved a post-money valuation of $1 billion or more. Originally, these companies were scarce, magical and elusive. As of August 31, 2016, according the CrunchBase Unicorn Leaderboards, there are now 191 unicorns. In my impact investing practice at […]
The opening plenary panel of SOCAP16 will kick off the conference with insightful considerations on the “how” and “why” of social capital markets and the critical, and equal, importance of both. One of the leaders in the field who will speak on the plenary is Ed Dugger III, a pioneering impact investment leader with many years […]
Mitch Kapor and his wife Freada — along with Kapor Capital and Kapor Center for Social Impact — are giants in the field of impact investing and philanthropy. They are a serious force in Oakland as philanthropists and investors, and they are paving the way for so many others, including Better Ventures, who recently hosted […]
7 Questions for Solomon Halpern, President of Highlander Wealth In this increasingly complicated world we all receive advice from many channels, including our phones. Financial planning and investment advice is no different. We believe it’s important to step back, quiet the noise around you, and think holistically about your money – how you save it, […]
SOCAP16 takes place September 13th-16th at Fort Mason, in San Francisco, CA. Join more than 2,500 changemakers, impact investors, social entrepreneurs, and related thought leaders at the world’s largest conference dedicated to increasing the flow of capital toward social good. From emerging leaders to established players, SOCAP brings together global innovators, investors, foundations, governments, institutions, […]
A recent Harvard Business Review article coauthored by Doug Conant, Campbell Soup’s former CEO and Stephen MR Covey, discusses the “Connection Between Employee Trust and Financial Performance” and references a model developed by Trust Across America-Trust Around the World, a program whose focus is creating tools to help organizations build trust. The quantitative and holistic […]
Sustainability is all the talk in wealth management these days. But how does one judiciously go about incorporating sustainability parameters into client portfolios? Earlier this year, we co-presented a seminar for clients in Seattle on sustainable wealth planning, management and investing. We learned a lot from each other about what clients know, what they’re confused […]
Without a doubt, Nancy Pfund is one of the leading impact investors of our day. While not yet a household name, “over the last decade, Pfund has quietly built a reputation as the go-to venture capitalist for companies looking to make a social impact” (NY Times). With early investments and tremendous successes in clean energy […]
We asked Jennifer Bryant—a DC-based writer, organizer and radio host—to highlight an emblematic example pointing towards what Dr. Jessica Gordon Nembhard calls a cooperative solidarity commonwealth, which she details in her essay in Volume 2 of our “New Systems: Possibilities and Proposals” series. Bryant’s exposition of The Mousai House gives us a glimpse into a […]
When considering an investment in a direct public offering, potential investors may want to understand how they can get their investment back, i.e. their exit strategy. Organizations raising capital via a DPO should expect questions from potential investors on this subject. An investor’s sale of their investment is itself regulated by securities laws, so in […]
David Bollier, in his paper for our “New Systems: Possibilities and Proposals” a series exploring viable political-economic alternatives to the present order, suggests that a commons-based framework could provide a critical template for de-commodification, mutualization, and the organization and control of resources outside of the market. We’re excited to share with you our latest animation that illustrates some of the principal features […]
BY AVI DEUTSCH Contrary to popular belief, eating is not inherently Jewish. In fact, nearly every Western religion employs this basic human need in the service of religious practice. It is not the eating that is Jewish, it is how we eat that makes it meaningful. The same is true of investing- it is definitely […]
Our political-economic system is not working: families are struggling, the middle class is diminishing, one in five U.S. children lives in poverty, we have unacceptably high rates of homelessness and incarceration, rising underemployment, collapsing environmental systems, and a host of other problems. What would it look like if the system in all of its dimensions […]
Foundations, Families and Funds can play a very important role in helping to redirect capitalism toward a more fair and just application, while also finding the right social enterprises to support. By playing a more comprehensive role in the creation and support of Community Capital Markets, these funding sources can build impact into a systemic […]
An Oregon real estate company and CEC client, Guerrilla Development, is focused on “creating inventive and experimental projects that use both hemispheres of the brain.” Coincidentally, earlier this month they have been busy engaging both “hemispheres” of investors: accredited investors (a.k.a. wealthy individuals) and non-accredited investors (a.k.a. the rest of us). They are using one […]
By Leslie Christian. A few weeks ago I had the pleasure of attending and speaking at the Confluence Philanthropy gathering in Boston. The conference was populated by well-meaning, sincere and committed people who believe they share a common purpose: promoting environmental sustainability and social justice by helping to move philanthropy in the direction of mission-aligned […]
Food + Enterprise fills food system focus gap as Investors and Entrepreneurs have turned their attention en masse to food and beverage businesses. New York, New York March 24, 2016 Food + Enterprise Summit (“F+E”), Slow Money NYC’s annual B2B event, returns to Brooklyn for its fifth year on April 8th and 9th, convening investors […]
Many activists don’t seem to think it matters where they spend their money. BALLE co-founder Judy Wicks knows otherwise. She shares this perspective in AlterNet’s new series, which explores the need for rethinking how we organize our lives and economy to be more just, peaceful, and sustainable.
Most people don’t have the ability, flexibility or funds to invest like a professional, and a more common approach for ‘investing in what you know’ takes the form of how well you can follow a company, mainly by looking at what you (or others who you trust) know about the company, or what the company […]
A growing number of visionary local economy funders and investors are working in particular geographic regions and using their philanthropic and investment resources in an integrated way toward this transition: we call this place-based impact investing. Over the last two years, BALLE Investors Circle participants have been innovating and exploring new ways to combine philanthropy […]
Last month James Johnson-Piett was named one of the 100 most influential people on Brooklyn’s culture, Carol Newell was recognized for her place-based impact investing leadership, Jessica Norwood’s efforts to build wealth for African Americans were showcased by Neighborhood Economics, and more.
BALLE executive director, Michelle Long, recently chatted with Radio Woodstock’s Peter Buffett and Re>Think Local’s Kale Kaposhilin and Ajex Greene about localism strategies that are helping to shape the new economy and build stronger communities.
The Securities and Exchange Commission has recently estimated that approximately 10% of all U.S. Households are now in the “Accredited Investor“ category (for individuals, that means $1m in net worth not counting primary residence, or $200k of income). Assuming that’s accurate, there are now over 12 million households in the U.S. that meet the definition […]
As we start off the New Year, TriLinc Global will be discussing notable trends from 2015 that we see as relevant to the development and growth of the impact investing sector in 2016 and beyond. This is the final post in a four-part series. In line with better ESG scoring and standardization, research on asset allocation […]
There’s an old saying that you should “invest in what you know,” but what’s far more valuable is when you can “invest in who you know” as well. The new crowdfunding laws are not designed to nurture this; they are meant to prohibit investment conversations with the company insiders when the opposite has historically been […]
As we start off the New Year, TriLinc Global will be discussing notable trends from 2015 that we see as relevant to the development and growth of the impact investing sector in 2016 and beyond. This is the third post in a four-part series. Coinciding with the rise of entrants in the impact investing space is […]
An interview with economic historian Vera Zamagni With the release of the new short film WEconomics highlighting the vibrant ecosystem of cooperatives in Italy’s Emilia Romagna region—produced by our friends at Moving Images, who also made the excellent worker cooperative documentary Shift Change—we reached out to Vera Zamagni, the cooperative economist featured in the film, to learn […]
PRESS RELEASE, 2/9/2016 Strolling of the Heifers announces Slow Living Summit conference on food & agriculture entrepreneurship Strolling of the Heifers announces the sixth annual Slow Living Summit conference, an exploration of entrepreneurship in the food and agriculture sector, taking place in Brattleboro, Vermont, April 28-30. The Summit will feature a roster […]
As we start off the New Year, TriLinc Global will be discussing notable trends from 2015 that we see as relevant to the development and growth of the impact investing sector in 2016 and beyond. This is the second post in a four-part series. As TriLinc looks toward 2016, it is clear that the evolving […]
Founding Executive Director of the UN Global Compact to Deliver Keynote Address for upcoming Responsible Finance Summit Mr. Georg Kell, now Vice-Chairman of world’s firm ESG quant fund, Arabesque Partners, will speak at Summit hosted by Bank Negara Malaysia KUALA LUMPUR, MALAYSIA – 8 February 2016: RFI Foundation, organizer of the Responsible Finance Summit is […]
Baah baah almost there! The Economic Development and Financing Corporation is at 90% of its goal in its Direct Public Offering. California investors can help them reach their target by investing before February 9th. Through a community-based Local Social Impact Investment Note, EDFC offers investors an opportunity for California residents to launch the Mendocino Wool Mill project – […]
The year 2015 was an exciting time in the impact investing space as many different players, such as investment managers, banks, regulators, analysts, asset managers, financial advisors, family offices, foundations and endowments, engaged the capital markets to help solve some of the world’s pressing economic, social and environmental challenges. Their efforts in new investments, risk […]
Economic Commentary January 2016 | First Affirmative Financial Network By Mel Miller, CFA | Chief Economist During 2015, the financial media was fixated on predicting the date that the Federal Reserve Open Market Committee’s (FOMC) would raise short-term interest rates. The Fed Funds Rate, the interest rate member banks pay to borrow from the Federal […]
At the end of December last year the Next System Project co-hosted a webinar with Real Economy Lab (REL) and the New Economy Coalition on “Mapping the Next System” (video viewable in its entirety here). Over 500 people signed up for the webinar, testimony to the growing level of interest in understanding the evolving […]
Markets before capitalism In her seminal work “The Origin of Capitalism,” the late scholar Ellen Meiksins Wood took on the credo that “capitalism emerged when the market was liberated from age-old constraints and when, for one reason or another, opportunities for trade expanded.” Schoolchildren in the US are commonly taught to conceive of the broad […]
Impact investment can be an important tool in addressing the racial wealth gap if impact investors think of their work as not only placing investments in individual funds or businesses, but as part of an active strategy to foster systemic change.
2015 was an important year for the world of financial inclusion. Starting with the publication of the six randomised controlled trials results in January that sparked debate on the impacts of microcredit, the sector went on to celebrate (and question) an increase of 700 million people with access to financial services since 2011, with the […]
To mark its 10-year anniversary, the PRI is carrying out a series of initiatives throughout 2016 to review its progress mainstreaming responsible investing and shape the future direction of the industry and the organisation.
For people of wealth and conscience, impact investing offers a compelling and convenient promise—that money can be a force for good even as the owners of capital continue to accrue wealth under the auspices of generally accepted investing practices. Impact investing tells us that the proper “deployment” of our capital will lift the poor out […]
Impact investor Kristin Hull writes, “when setting goals for the new year, whatever they may be, let’s not forget about financial fitness.” Read more for tips on how and why to move your money so you’re banking in line with your values.
NEXTBILLION’S BEST OF 2015 CONTEST Editor’s note: As part of our Most Influential Post of 2015 contest, we are re-publishing the articles that made you think, made you act, or maybe even made your day. This article was the most-viewed post on NextBillion for October 2015. To see the full list of the most popular posts in 2015 […]
To meet the SDGs, the industry needs to establish lasting metrics Three of the Sustainable Development Goals (SDGs) for 2030 include: (1) ensuring availability and the sustainable management of water and sanitation; (2) ensuring access to affordable, reliable, sustainable and modern energy; and (3) promoting sustainable agriculture. But what is the role of the microfinance industry in […]
The PRI supports the Paris Climate Agreement at COP21, and believes that the agreement is the turning point that investors have been seeking. The PRI applauds that the talks recognised the role of private finance in the climate change discussions.
Why it’s so hard to launch one and what Capria is doing about it Starting an impact fund is HARD. New fund managers need to overcome major challenges, such as: Convincing investors their investment/impact thesis is credible and they possess enough practical experience to compensate for a nonexistent track record. Effectively managing the fund and […]