Mar 12: 11:45-1:00
Location: Four Square Ballroom
Lunch Keynote: If Angels Invest in Unicorns, Do Heroes Invest in Racehorses, and What About the Champions and Catalysts?
Venture Capitalists love to talk about “unicorns”, where a giant financial return is possible. But that myopic focus has created an investment culture that limits how much investment and philanthropic capital actually funnels into our communities and some of society’s most promising innovations. In this keynote session, Teresa Ish (The Walton Family Foundation) and Dr. Stephanie Gripne (Impact Finance Center, CO Impact Days, and Impact Investing Institute), join forces to look beyond the “unicorns.” Together, they will lead our audience through a theoretical case study of a sustainable fisheries investment to demonstrate how different alignments of capital and levels of expected investment return - i.e. 10x investment versus 10% versus 0% versus -50% versus -100% investment (aka philanthropy) - change the corporate structure, risk, liquidity, and most importantly, impact of the organization invested in. They will explain the need to diversify available capital (from a -100% financial return to a 10x return) in order for the full range of social ventures (i.e. projects, nonprofits, small businesses, cooperatives, startups, and funds) to be able to find an appropriate line of capital that will empower them to achieve their mission.
Teresa Ish, Program Officer, Environment Program, Walton Family Foundation
Dr. Stephanie Gripne, Founder and CEO of Impact Finance Center, CO Impact Days and Impact Investing Institute
Carl Palmer, (Introductory Remarks) Founder at LegacyWorks Group