Reflections post-CDFI conference

Reflections post-CDFI conference

CDFIs
Last week, I had the pleasure of attending the national conference of Community Development Financial Institutions (CDFIs) in Atlanta. CDFIs, as you've read in previous posts are the "good guys and gals of finance." They provide fair capital and coaching to underserved segments like women and minorities in a high integrity, transparent and personal way. While I was in Atlanta, I met many impressive professionals. Their financial acumen, industry prowess and commitment to their community was nothing short of impressive. But what really made me stop and pause was their stories. CDFI professionals never lose site that beyond the spreadsheets, technology and complex modeling that makes their industry sing, there is an underlying heartbeat that keeps them going -- the borrowers. CDFI borrowers have some of the most beautiful and…
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Are you an over-saver?

Are you an over-saver?

Financial Planning
Nearly 1/3 of Americans are over-saving, amounting to over $300B in "extra" savings sitting in banks earning nothing. So why do we do it? CNote interviewed 100+ over-savers to find out. Here's what we learned. I know, it sounds like a funny term. Over-saver? But if you are one of the millions of Americans that have a rainy day fund, there is a high chance that you too, are an over-saver. We define an over-saver as someone who houses more than their emergency fund in their savings account. Perhaps you keep $1,000 more - or tens of thousands more. Whatever the case – you’re not alone. Nearly 1/3 of all American’s are over-savers, amounting to over $300B in “extra” savings. So why call out our propensity to over-save? Well two…
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The Good Guys of Finance. (Yes, they exist)

CDFIs, Savings
Having worked in both venture capital and financial services, I have seen some of the best and worst faces of finance. But there is one financial segment that is largely ignored and vastly under-celebrated. I call them “the good guys and girls of finance” for many reasons, but also because it’s easier than their name: CDFI.CDFIs, or Community Development Financial Institutions, were created over 20 years ago by the U.S. Treasury Department to help ensure that our country’s most underserved populations – low-income neighborhoods, women and minorities – were getting fair access to capital. Think about it this way: large banks don’t always find it easy or prudent to lend capital to certain types of small businesses, including first time entrepreneurs or entrepreneurs who need less than 100K to start…
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The world that we co-create

The world that we co-create

CNote, Financial Planning, Savings
What if... We lived in a world where we could vote with our dollars - in everything we do. Not just by buying a cup of coffee from the local shop we love, but by actually investing in that shop's growth and success. And what if we benefited too? Not only by feeling great about supporting our community, but actually creating financial freedom for ourselves along the way. This is what we are creating..and we hope you'll join us for the journey. We are CNote. CNote stands for co-creation. The idea that every $100...and really every $1...can be intentional and meaningful. Instead of investing in what we're told to invest in -- stocks, bonds, ETFs, whatever the next acronym is -- we invest in each other. We call it investing…
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CNote selected for Y Combinator Fellowship

CNote selected for Y Combinator Fellowship

CNote
We are proud to announce that CNote has been selected to be a part of Y Combinator’s Fellowship program. YC has helped to fund and grow an amazing list of innovative companies, and we’re proud to be among their ranks. The doors this opportunity opens is not lost on our team. We know this selection is just the first few steps in our march towards innovating and democratizing finance, but we’re extremely excited!  We’re looking forward to further refining our products and building more relationships in the financial technology space as a result of this fantastic opportunity with YC. CNote was created from a place of optimism and determination. We are crazy enough to believe we can redesign finance and create products and services that inspire and empower, not confuse…
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