NextSeed is a company that has been a pioneer in crowdfunding since the company’s inception and this has not gone unnoticed. Youngro Lee, NextSeed CEO and long time member of Collaboration Capital’s rich network of collaborators, has been appointed to serve as a member of the SEC Small Business Capital Formation Advisory Committee (https://www.sec.gov/news/press-release/2019-61). This committee was established by Congress via the SEC Small Business Advocate Act of 2016 to assist the SEC on small business capital formation issues. This position is a 4-year term and will afford Mr. Lee opportunity to engage directly with the SEC Commissioners and others on how to improve US securities laws to support private capital-raising for small businesses.
Youngro Lee is the only professional from the online investment platform/investment crowdfunding industry named to this committee and we at Collaboration Capital agree that this is a strong indication that NextSeed is doing things the right way. This appointment is a tremendous honor for both Youngro Lee and NextSeed and the appointment will provide much credibility as NextSeed pursues increasingly more sophisticated opportunities in service of their investors and the users of their platform.
Collaboration Capital hosted another City Building Templates presentation and discussion on Thursday and Friday, April 4th at Collaboration’s CoLab space. Collaboration Capital friend, Anne Robertson, aggregated a group of forward-looking entrepreneurs and investors from all over the country to discuss how private capital can be the catalyst for redefining the civic forum in 21st century cities. In addition to Collaboration Capital CEO Christopher Knapp’s presentation, “Funding Mechanisms for City Building: Go Big and Go Home,” Jeff Kaplan, Monte Large and Dave Seeberger of Next Seed Community presented on “New Localism,” and Abe Chu, Next Seed Co-Founder and Chief Marketing Officer spoke on “Investing Local. Everywhere.”
Big Path Capital will host the 15th Impact Capitalism Summit in Denver in April 2019. ICS is one of the longest-running series of convenings for investors focused on maximizing impact and maximizing return.
The event is a symposium featuring strategic conversations around investing for impact in 2019 lead by leaders from prominent institutions, family offices, and foundations.
Collaboration Capital CEO Chris Knapp has been asked to speak at this event in April and will be presenting and facilitating discussions from his rich experience bringing intellectual capital together in unique ways and investing for impact. We invite you to learn more about the event at the sponsor’s website and contact us if you have any questions.
Many of you know by now that Collaboration Capital’s differentiated practice model is part of what makes us unique. By investing in intellectual property and the specific skills and areas of expertise brought together by the individuals and companies in our network of collaborators, we believe that we can make an ever-greater impact in our world and our portfolios.
One of these collaborators who works diligently in pursuit of both profit and purpose is Community Capital Management. The team at CCM just released their Spring 2019 ESG and Impact Investing Newsletter. Take a look at the full publication at the link below:
Focus on both the intensely global and hyper local may seem a strange collision of ideas, priorities, and even values. Collaboration Capital CEO, Chris Knapp, will be delivering the keynote address on these same ideas at the 2019 Family Office Association National Summit March on March 8th in his talk Go Big and Go Home; Intensely Global + Hyper Local: Technology, Cash Flow and Opportunity Zone Fund Investments in Complete Portfolios.
The Family Office Association is dedicated to successful individuals, families, and single family offices with an aim at creating deep value that allows for the multi-generational pursuit of passion and impact.
Collaboration Capital Portfolio Contributor SixUp receives worthy mention in Harvard Business Review article “The State of Socially Responsible Investing.”
Sixup is taking tremendous strides in giving securitization new life as a tool for social impact. By providing an education finance platform, founder Sunwoo Hwang and the team at SixUp are giving high-achieving students who are from low-means environments and who are quite often first-generation students the ability to attend four-year colleges and universities. The families of these students frequently don’t have credit scores or would, because of their income, otherwise find themselves unable to secure funding for the ever rising price of higher education.
It’s not just about providing access to capital though- SIXUP takes a vested interest in these student’s success. As the Harvard Business review points out:
“Along with loans, Sixup provides students with tutoring, job-matching, and other counseling. Sixup currently counts Goldman Sachs as its largest lender. Once it has reached $100 million in total lending assets, it will test the market with a securitization—a critical milestone towards scale. Over time, as their lending assets grow, Sixup plans to tap into the broader fixed income markets, as well as more traditional securitizations. If successful, it has the potential to mobilize more than $1 billion towards the Future-Prime market providing thousands with a stronger pathway to economic mobility.”
Please take a moment to read the full article at the link below. To discover more about the network of collaborators and portfolio contributors who make Collaboration Capital a success, simply fill out the contact form HERE.
Collaboration Capital CEO, Christopher Knapp, was invited to participate in and help lead a national discussion on social entrepreneurship and investment opportunities tied to early stage for-profit companies solving complex problems.
Why forgoing a car in Houston, Texas is turning out to be the ride of this writer’s life
In “The Opener” section of the July/August issue of Monocle magazine, published in London and distributed world wide, one can find articles on Vienna’s water, Vancouver’s mini libraries, Berlin barbecues, and Collaboration Capital founder and CEO Christopher Knapp’s essay about foregoing a car in Houston, one of America’s most car-centric cities.
You may shop and eat local but do you invest local? Houston-based NextSeed started in 2015 and has made investing locally possible in a way that wasn’t available before. NextSeed is a community-driven investment and financing platform, which means it’s the newest, and one of the only forms of true local investment available to the average Houstonian. It’s changing the way people in Houston—and across the US—invest their money.
Collaboration Capital CEO, Christopher Knapp, presented “Impact Investing: Understanding the Spectrum and Gaining Additional Insights” at the AICPA Not-For-Profit Industry and Private Foundation Summit on June 21st in Washington, DC.
He spoke about the spectrum of impact investing tools used by private foundations from grants to maximizing return on traditional investments, and everything in between. Speakers provided examples of interesting investments which qualified as Program Related Investments as well as those that did not. Presenters shared lessons learned, risk factors, dos and don’ts.