Hatch The Future

Escape from Wall Street

Host Simon Love with guest Marco Vangelisti

Simon interviews the brilliant and animated Marco Vangelisti, one of the nation's thought leaders on investing in your own backyard. Marco shares his compelling personal story of how a powerful "come to Jesus" moment led him to abandon Wall Street for good, and move all of his money into his local community. Get ready to take notes as Marco provides stories, useful information and personal experiences of local investing.

In this Episode You'll Learn

• Is local investing a form of impactinvesting?
• The assumptions around 'market rate returns' and why we need to challenge these assumptions
• The story of a community-funded food co-op, Chatham Marketplace in NC
• How local investments can result in positive 'non-financial returns'
• Factors that lead to success for small businesses raising capital
• How the local investing movement started not in cities but in smaller towns
• How Marco realized he needed to get out of the big investment fund world
• The knowledge people need to begin investing locally?
• A discussion of liquidity – traditional vs. local investing?
• What has investing locally taught Marco and how it has affected his own life

Links

• Essential Knowledge for Transition: http://www.ek4t.com
• Chatham Marketplace http://chathammarketplace.coop
• Red Wagon Creamery http://redwagoncreamery.com
• Slow Money https://slowmoney.org
• ComCap Conference http://www.comcapconference.com

Twitter: @VangelistiMarco

Marco Vangelisti came to the US as a Fulbright scholar in mathematics and economics at the University of California in Berkeley. After a stint in the financial industry, Marco worked as visual artist on a full-time basis for 5 years and obtained a MFA focusing on the intersection between public art and ecology. He later worked for 6 years managing investment equity portfolios primarily on behalf of large foundations and endowments. In April 2009 Marco left the finance industry and has since been instrumental in the formation and development of the Slow Money Northern California chapter. He is sharing his experience doing direct Slow Money investments with communities around the country to help them increase their capacity for local investing. Marco is currently developing Essential Knowledge for Transition – a curriculum for engaged citizens to understand the money and banking system, the economic system and the financial system and how we need to transform them.

http://ek4t.com/about/about-marco-vangelisti/

Community Capital to the Rescue

In this episode Amy Pearl and Simon Love speak with Amy Cortese (author, journalist, and founder of Locavesting), and Chris Miller (economic and downtown developer of Adrian, Michigan). Chris discusses the inspiration provided by Locavesting and the impact that crowdfunding has had on the city of Adrian. The discussion moves to the shift from investing in Wall Street to investing in one's community and the associated economic and community benefits. They answer big questions such as how to balance individual gains (mitigating risk and making a profit) with being an ethical member of the community. Amy and Chris also provide pointers to discern a real local market from the façade of one.

In This Episode You'll Learn

• Inspirational stories of economic development in Michigan and the City of Adrian
• How "Cops and Donuts" became a success story in Clare, Michigan
• What state representatives can do to help local businesses
• How risky local investing really is
• What led Amy Cortese to write the book Locavesting
• How to I tap your own community as a business owner
• How Tecumseh Brewing Co. crowdfunded their dream microbrewery
• How to attract a conventional loan from a community bank with a crowdfunding first round
• How community investing is a new asset class, and what if Wall Street stocks became the minority of investment activity?
• Which markets are truly local

Links

• Locavesting by Amy Cortese http://www.locavesting.com/the-book/
• City of Adrian Community Development http://adriancity.com/services/community-development/
• Michigan Regulator LARA https://www.michigan.gov/lara/
• Hatch Innovation's "Let's be Frank" video https://www.youtube.com/watch?v=Vzw5uTBHM6M
• Tecumseh Brewinghttp://www.tecumsehbrewingco.com
• Cops and Donuts, City of Clare https://copsdoughnuts.com

Bios

Amy Cortese is an award-winning journalist who writes about topics spanning business, finance, food, wine and travel. Her work has appeared in the New York Times Magazine, New York, Business Week, the New York Times, the Daily News, Portfolio, Mother Jones, Afar, The American, the Daily Beast, Talk, Business 2.0, and Wired, among other publications. Her recently published book, Locavesting: The Revolution in Local Investing and How to Profit From it (John Wiley & Sons, 2011), draws upon her experience covering these diverse realms to explore how a small shift in investment away from multinationals towards locally-owned enterprises can reap enormous economic and social benefits for individuals, their communities and the country.

Amy Pearl draws on extensive experience in the education, corporate, and social sectors to shape a vision of how we might address global challenges by activating a new kind of community leader. An inveterate educator and strategist, she designed unique programs such as Local Agenda and Challenge and Change that teach adults and youth social entrepreneurship skills in high-need, under-served communities. She first envisioned ChangeXchange, the first American social innovation exchange while at the Skoll World Forum; and, envisioned HATCH in 2009. Her own career has taken her from the classroom and school district to the Northwest Regional Educational Laboratory, to managing Intel's online international education initiatives.

Chris Miller is the lead economic and downtown developer for the City of Adrian, in SE Michigan. He came to this position with a background in business, a career in education that included private and international schools, and non-profit and government leadership work. He worked as a city commissioner and Downtown Development Authority board member, and served as chairperson of the regional chamber of commerce, symphony orchestra, and housing development coalition.

The Future of Indigenous Entrepreneurship Hosts Amy Pearl and Simon Love have a candid conversation with Native American activists, authors,entrepreneurs, and leaders, April Lemly (Cherokee), Se-ah-dom Edmo (, Shoshone-Bannock, Nez Perce and Yakama) and James Parker (Chippewa Cree). They discuss identity as Native Americans, and challenges faced by leaders and entrepreneurs in their communities. The conversation explores the limited access to resources that Native Americans have and why community capital is important and relevant: "community capital and community organizing are fundamentally about structural political and social change." The effort to tear down the political and structural barriers that block Native Americans from entrepreneurship unites the guests with the hosts. The conversation also covers the issues of considering all American tribes as one people, the hundreds of different land treaties that were written,and the way in which people talk about Native Americans. This episode is the first of many to come inan ongoing conversation around identity, equity, and how entrepreneurship and community capital canbe a part of a social movement. In this episode you'll learn: Why we need to put the label "Indian" in quotes: Labels, names, and misnomersThe definition of the word entrepreneurHow fostering Native American Entrepreneurs presents unique challengesThe definition of "ceded" and the misconception that Native Americans sold their landThe importance focusing on communities that have been underservedWhy we can't lump all of the diverse Native American tribes togetherThe role of the Oregon Native American Chamber (ONAC) Links Our Native American Business Network (ONABEN): http://www.onaben.org/Oregon Native American Chamber (ONAC): http://onacc.org/ ComCap16: http://www.comcapconference.com/ Guests: Se-ah-dom Edmo Coordinator, Indigenous Ways of Knowing program at Lewis & Clark College Se-ah-dom Edmo is coordinator of the Indigenous Ways of Knowing program at Lewis & Clark College,director for the Oregon Tribal Histories and Sovereignty Curriculum Design Project, and vice president ofthe Oregon Indian Education Association. Her published works include Tribal Equity Toolkit: TribalResolutions and Codes to Support Two Spirit & LGBT Justice in Indian Country and Identity Wars: AComparative Ethical Critique of the Debate Over Indian Identity. Her tribal affiliations are Shoshone-Bannock, Yakama, and Nez Perce. April Lemly Marketing and Brand Services Manager, ONABEN April oversees sales of Indianpreneurship products, maintains brand standards, and acts as social mediaguru for ONABEN. With 10 years of experience creating unique design solutions for entrepreneurs, Aprilenjoys the evolving social aspects of doing business digitally and online. From brainstorming tobranding, April's career has touched all aspects of creative marketing and graphic design. April has aMaster of Fine Arts degree in Graphic Design and a Bachelor of Arts degree in Teaching. April also is theowner of Kamama Flowers, a boutique floral CSA in Portland, OR. http://www.kamamaflowers.com/ James Parker Executive Administrator, ONAC James Parker is an enrolled citizen of the Chippewa Cree Tribe of Montana. He has dedicated his career to the betterment of Native people and other underrepresented communities by focusing his service and talents to help organizations, tribes, small businesses and individuals through investing in their success. Mr. Parker is an Innovative business owner with 15 years of experience within the informationTechnology industry, and is currently the owner of a small information technology consulting company.In addition, he currently serves as staff for the Oregon Native American Chamber (ONAC). In representing ONAC, Mr. Parker seeks to strengthen and grow the economic opportunities for native communities through providing the essential support for entrepreneurs, business owners, and community partners in Oregon and Southwest Washington.