Ten Great Companies Pitched at SuperCrowd23
We'll Take Another Look at Two at the Impact Cherub Club Meeting on Tuesday, May 16
I’m not a financial advisor; nothing I write in Superpowers for Good should be considered investment advice. You should seek appropriate counsel before making investment decisions.
Please forgive this off-cycle newsletter. With SuperCrowd23 this week, we didn’t get this out on Wednesday as I’d hoped. We expect to be back on our regular schedule next week.
Over the past two days, many of you joined me for SuperCrowd23. It was a fantastic, massive event with over 100 people on the program, including the ten entrepreneurs who pitched.
Here’s the roster of companies that pitched. Check them out.
You can watch all four hours of the pitches, two hours at a time.
Last month, the Impact Cherub Club members decided to conduct due diligence on SineWatts and to discuss investment at our May 16 meeting. Today, I polled the members; they voted to take a preliminary look at two more companies from among those that pitched at SuperCrowd23: Climate Access Fund Corporation and CoPeace, PBC. (Note that we excluded from consideration companies with minimum investments greater than $150 or that will complete their funding round before our June meeting.)
As we gear up for the 1:00 PM Eastern, May 16, 2023, meeting of the Impact Cherub Club, we invite you to join us. The club is an informal gathering of friends who meet up to review impact investments everyone is eligible to make and virtually anyone can afford. We share responsibility for completing basic due diligence before making investments. No one is required to invest.
There are no dues or fees to participate, and I don’t touch the money. When members invest, they do so directly for their own accounts. We benefit from new members only by the fresh perspectives they bring. Please join us!
Next Meeting—May 16, 2023, at 1:00 PM Eastern
At our next meeting on May 16, 2023, at 1:00 PM Eastern/10:00 AM Pacific, consistent with our plans for future sessions, the agenda will have three items:
Preliminary Consideration of New Candidate Investments
I’ll review those items in reverse order.
New Company Consideration
Climate Access Fund Corporation
Community Solar is a program that allows low-income households to subscribe to solar projects constructed nearby rather than on their own rooftops. This can provide significant utility bill savings and is environmentally friendly. Unfortunately, most low- to moderate-income households in Maryland do not have access to the cost savings and other advantages that come with solar power.
The Climate Access Fund (CAF), a local non-profit green bank, will manage and develop the Solar4Us @ Henderson Hopkins project on behalf of Solar For Us LLC. CAF has access to resources that make the project economically feasible and expects to share best practices to encourage philanthropic and private investment capital into smaller, urban community solar projects that benefit low-income communities. Investors will receive regular interest payouts and a hand in bringing this project to life. The fund is raising on Raise Green.
Investing in CoPeace means supporting companies working to solve social and environmental issues, like improving infrastructure and producing clean energy. Anyone can join our diverse community of investors, and we carefully select companies that have financial viability and positive impact. We use a holding company model to ensure confidence in our investors, and we only consider partnerships that meet our high standards for impact, potential, experience, and profitability. Our team of analysts works hard to ensure that our investors are contributing to companies that are striving to make a positive change in the world.
CoPeace CEO and co-founder Craig Jonas was recently a guest on the Superpowers for Good show. CoPeace is raising on Wefunder.
Between our diligence discussions about companies we’re considering in a second stage and our first-stage discussions of new candidates, we pause for a moment of training. This month we’ll extract a lesson from SuperCrowd23.
We’ll begin with the due diligence reports from the Impact Cherub Club members who volunteered to research the companies after we briefly learned a bit about them last month. After hearing the members’ reports, we’ll vote 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 don’t make it. Register here.
Here are the companies we’ll learn more about this month:
SineWatts is developing vehicle-to-grid (V2G) technology that will enable electric utilities to access the energy stored in your electric vehicle. By selling power to the utility when the demand is at its peak, the vehicle owner will get top prices, enabling owners to use the revenue to help pay for the car. SineWatts is raising on StartEngine.
Founded and led by a woman, Sanara has developed a plant-based line of skin care products. Rebekah Jasso Jenson launched the company in her quest to find better products for caring for her psoriasis-covered skin and drawing on the wisdom of her Latin-American roots. Sanara is raising on Wefunder.