Impact Cherub Club Grows and Invests—Join Us
After Completing Due Diligence Club Members Approved First Investment
The Impact Cherub Club is a group of people who subscribe to Superpowers for Good and are interested in investing their money for good. We’ve been meeting for a few months now, and the group is snowballing. There’s plenty of room for more! Come check us out. Everyone is welcome.
Report on the March Meeting
At our last meeting, we listened to brief due diligence reports presented by club members on three companies: Scirroco Energy, LeanMed and Ziba Foods. After listening to the diligence reports, members took a vote on each. Ultimately, the group recommended investing in just one of the three companies.
For now, we’ve decided not to share the recommendation of the club outside of the club. If you’d like to know what we’re seeing, liking and recommending, please join us on April 19 at 3:00 Eastern.
We also spent a few minutes on an educational moment, formally discussing the value of diversification in investing. Two key points to remember about the money you allocate to investing in companies via crowdfunding:
It should be a small part of a more comprehensive portfolio of other investments, including your home, retirement savings, mutual funds, etc.
You should divide your crowdfunding allocation among many investments. If you have $1,000 to invest in these types of companies, divide that up and make ten $100 investments rather than gamble on one with $1,000.
New Company Screening
In preparation for April’s meeting, we reviewed three candidate companies:
EnGen Bio is developing a vaccine for the influenza A virus that could eliminate the need for an annual flu shot.
Joule Case is already selling batteries to be used at events, in food trucks and RVs in place of noisy generators.
Led by African-American vegan chef Roberta Lowe, Blossoms Events and Catering is developing a new product, VegBox, complementing the catering and restaurant business she already has.
After reviewing preliminary materials, the consensus was that all three companies merit further consideration. Club members volunteered to do some essential due diligence and report back to the club on what they learned at our next meeting.
Join us this month to learn from the Impact Cherubs who will do the research.
Next Meeting—April 19, 2022, at 3:00 PM Eastern
At our next meeting on April 19, 2022, at 3:00 PM Eastern/Noon Pacific, consistent with our plans for future sessions, the session will have three parts:
Preliminary Consideration of New Candidates
We’ll begin with the due diligence reports from the Impact Cherub Club members who volunteered to do the research. After hearing the reports, we’ll take votes to determine whether or not to recommend investment in the companies. The decision will be made available to everyone who registers to attend, including those who cannot make it. Register here.
This month’s education topic will be evaluating management, seeking to eliminate implicit bias in the judgment.
Preliminary Review of New Candidates
In April, we’ll be following the pattern of past months to review three companies raising money via Regulation Crowdfunding on FINRA-registered portals. Here are video intros to each of the three we’ll consider.
Echo Mind AI
This four-person founder team includes a woman and a Latinx member. Echo Mind AI is employing artificial intelligence to better diagnose soft-tissue injuries. The team has a mindset focused on enhancing care for low-income and other underserved communities by dramatically reducing the need for expensive MRIs. Echo Mind AI is raising on Wefunder.
Two Latina entrepreneurs have partnered to create a bilingual publishing company producing popular children’s books. Having already raised over $3 million from almost 10,000 investors, the opportunity is exciting to many. Lil’ Libros is raising on Wefunder.
Oscilla Power is developing wave energy converters for two markets. The company designed its 100 KW unit for micro-grid applications for coastal communities and its 1 MW unit for implementation in groups to provide grid-scale power. Wave energy is somewhat more reliable than wind and solar and could be an essential piece of a clean energy future. Oscilla Power is raising money on Start Engine.
Don’t forget that we’re hosting the biggest impact crowdfunding event of the year, SuperCrowd22, on September 15 and 16, 2022. Our free subscribers can register for the event for just $99.50, half off the $199 public price. Better still, our paying subscribers can register absolutely free. They pay just $5.95 per month or $55 per year, saving them even more! Join us today!
I am so impressed with what you are doing with careful investing in these fascinating businesses. Lots of “outside the box” thinking. Looking forward to our meeting in May